El Callao Mining (ECM-V) has completed a $2.5-million private placement with Bema Gold (BGO-T), its largest shareholder.Proceeds will be used to fund exploration of Lo Increible, the company’s 10,000-…
Net earnings of $10.2 million were reported by Novicourt (NOV-T) for 1996, compared with $21.5 million in the previous year.Novicourt, 60% of which is held by parent Noranda (NOR-T), says its 1996 res…
The Vancouver Stock Exchange composite index rose 36.94 points, or 3.04%, over the report period ended Feb. 18, to close at 1,250.65. The resource index gained 72.88 points, or 3.22%, to finish at 2,3…
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12…
A drill program is under way at the Detour Lake West property and at the Denton Twp. property west of Timmins, Ont., reports junior Gowest Amalgamated Resources (GWA-A).Placer Dome (PD-T) is carrying …
A drill program by Radisson Mining Resources (RDS-M) has resumed at the O’Brien property, a past-producer in the heart of Quebec’s Abitibi gold district.The current program is testing new gold-bearing…
Zappa Resources (ZPA-V) has raised $1.5 million in a private placement with Cambior (CBJ-T). Proceeds will be used to explore the Papa Grande massive sulphide property in Ecuador.Zappa secured a major…
A follow-up exploration program, including diamond drilling, will begin shortly at the Worcester mine project, a former producer in the Barberton gold belt of South Africa.Operator Noble Peak Resource…
Santa Catalina (SLM-V) will earn a half interest in four concessions covering a major copper-gold porphyry system in northwestern Colombia.The remaining interest is held by Colorado-based Cyprus Amax …
After meeting in Montreal to discuss their overlapping areas of aboriginal use and occupancy, the Labrador Metis Association and the Nunavik Inuit of northern Quebec formed a coalition to “protect the…
A first phase of drilling by Avalon Ventures (AVL-V) is testing the resource potential of the Dubenksi gold project, 70 km southeast of Kenora, Ont.The property already contains a resource of 253,000 …
Having set a gold production record at its Nevada and California operations in 1996, Santa Fe Pacific Gold (GLD-N) says it is on track to join the 1-million-oz. club this year, climbing to a projected…
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