Montreal-based Dia Bras Exploration (DIB-V) has reached an agreement with Sagem, a private Guinean company, to earn a 60% interest in the Banankoro diamond permit.To do so, Dia Bras must pay $50,000 a…
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…
With another $2.3 million in the till, Pacific North West Capital (PFN-T) is resuming exploration drilling at its River Valley platinum-palladium project, near Sudbury, Ont.To date, 138 holes at the D…
The Esquel gold project in southern Argentina has enough reserves to sustain a proposed 5,000-tonne-per-day open-pit mine for 6.5 years, and London-based Brancote Holdings believes it can find additio…
A study has confirmed the feasibility of expanding the Marigold mine in Nevada’s Battle Mountain trend.Reno-based Glamis Gold (GLG-T) says the study estimates minable resources (proven and probable re…
Demonstrating the damage caused by record-low zinc prices, Breakwater Resources (BWR-T) has turned in a whopping $102-million loss for the first nine months of 2001.Spot zinc began the year at US46.2…
Since Ronald Reagan’s election to the august office of the presidency of the United States, the most visible contribution to the economy so far is the word “Reaganomics.”No economic dictionary carries…
Peter Munk and William James, two of the most recognized names in mining, will be inducted into the Canadian Mining Hall of Fame.Both men will become members in recognition of their contributions to h…
With operations suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) incurred a quarterly loss for the period ended Sept. 30.The loss amounted to $1.7 million …
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Birim Goldfields (BGI-T) — Denis Simoneau, director, bought 200,000 shares …
The board of directors of Australia’s WMC (WMC-N) has rejected a confidential approach by U.S.-based aluminum giant Alcoa (AA-N) to acquire all the outstanding shares in WMC for a A$10.20-per-share ca…
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