May 26 May 25 May 22 May 21 May 20 ** ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 449.00(459.65) N/A 466.50(473.60) 469.10(468.60) 475.25(479.95) ** Gold Ba…
Mines in Ontario are subject to three separate levels of taxation: federal income tax, Ontario income tax and Ontario mining tax. The Ontario Mining Tax Act imposes a 20% tax on taxable mining profits…
A total of $148,500 to provide working capital by issuance of shares and share purchase warrants under an exempt private offering has been raised by Holmer Gold Mines. In other news, Holmer expects to…
High gold values are being encountered in the initial raise being developed at the Mishibishu Lake joint venture in northern Ontario, John McAdam, president of Flanagan McAdam Resources, reports. Flan…
They aren’t popping the champagne corks just yet, but executives at Tandem Resources remain quietly optimistic that the company is sitting on top of a major gold discovery. After more than 12 months o…
With the legal problems hampering work at the Golden Reward gold project in South Dakota, resolved, partners Coin Lake Gold Mines and Moruya Gold Mines, plan to bring the property to production. The f…
Brohm Resources has acquired 3.9 million shares of MFC Mining Finance Corp. from Kerr Addison Mines and Ventures Trident Limited Partnership at a cost of $28,710. Brohm is now the majority shareholde…
Underground drilling in the Howard tunnel in B.C., by Levon Resources has extended the No 2 zone, the company says. Levon drilled six holes above and below a 123-ft section which assayed 0.69 oz gold …
With half the world’s potash reserves on tap, enough to supply the world’s needs for the next few millenia, you’d think Canada’s potash industry would be able to sit back and take the long view. Inste…
Gerber Industries of Minnetonka, Minn., has designed a conveyor that it says simplifies maintenance and improves ease-of-operation. The en masse conveyor features reduced noise, dust, maintenance and …
Sherritt Gordon Mines has announced its intention to discontinue operations at its Ruttan mine in Leaf Rapids, Man., in mid-September. Transfer of ownership of Ruttan Mine to Hudson Bay Mining and Sme…
A preliminary exploration program has been completed by Accord Resources on the company’s 33-claim property in Legault Twp., Ont. Located near Beardmore, the property was tested by 6,237 ft of diamond…
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