The Royal Bank of Canada has agreed to provide debt financing to help bring the Simkar gold project, 10 miles east of Val d’Or, Que., into production. The Simkar property, with proven and probable res…
Net income reported by FMC Gold (NYSE) for the three months ended June 30 was US$9.9 million versus US$13.8 million in 1989. The company attributed the drop in earnings to lower gold prices and high u…
Recent infill drilling at zone III of the Grevet zinc property near Quevillon, Que., has yielded more positive results for 50/50 partners Serem-Quebec and VSM Exploration (ME). Six drills are currentl…
A private placement in Hycroft Resources & Development (TSE) totalling $2.5 million by Granges will bring that company’s stake in Hycroft up from 59% to a maximum of 67%. The pricing formula for the p…
Ontario is promising to pass Canada’s most comprehensive, yet expensive, land reclamation policy. The reclamation sections of the new Ontario Mines Act have yet to be finalized, but it is clear the re…
Vancouver-based Ivanhoe Capital, the private management firm controlled by mine developer Robert Friedland, is set to take control of Toronto-based South American Goldfields (TSE) in a deal that will …
A 1,500-metre drilling program is under way on the Lakewater property of Varitech Resources (VSE), Tymar Resources (TSE) and Akiko-Lori Gold Resources (VSE) in the Eskay Creek area of northwestern Bri…
The problem with government assistance for commercial ventures is that taxpayers usually end up footing the bill for an enterprise that simply wasn’t good enough for conventional backers. A recent loa…
The board of directors of small gold producer St Andrew Goldfields (TSE) leaves no doubt as to how its members feel about the long-term outlook for gold: positive. “Massive deficits persist in the U.S…
Week’s Price (US) Change Gold* $389.10 — $20.90 Silver* $4.86 — $0.26 Platinum* $488.25 — $12.00 Nickel** $4.99 — $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.00 Zinc– $0.75 + $0.02 Courtesy of…
More than 550 delegates representing 55 countries attended the eighth symposium of the International Association on the Genesis of Ore Deposits (IAGOD) here Aug. 12-18, the first time the event has be…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 28 August 27 August 24 August 23 August 22 Copper 1532-1534 — 1525-1527 1506…
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