Disappointing exploration results out of the Northwest Territories helped spur a continued slide in western markets. The Vancouver Stock Exchange resource index took it on the chin, plunging 121.73 po…
Despite higher-than-normal stainless mill demand, metal prices remain in their seasonal doldrums with only the rumor mills really active. There is massive speculation about 1994 Russian production lev…
A new mill is being constructed at the Stillwater mine in Montana, which should double its yearly output of platinum and palladium by 1997. Owned by Stillwater Mining, which was originally a joint ven…
The search for minerals in South and Central America is by no means restricted to Canadian companies. Colorado-based Canyon Resources (NASDAQ) has exploration offices and staff in Argentina, Venezuela…
Shareholders of Royal Oak Mines (TSE) voted 95.7% in favor of the company’s revised takeover offer for Lac Minerals (TSE) at a special meeting here. Royal Oak is now offering, for each Lac share, the …
The latest round of what has been referred to as an “auction” of Lac Minerals (TSE) saw initial bidder Royal Oak Mines (TSE) increase its offer to $2.4 billion. And million-ounce gold producer Lac too…
Having spent US$2.3 million on a due diligence investigation, Echo Bay Mines (TSE) has decided not to participate with Canyon Resources (NASDAQ) on a proposed joint purchase of an interest in the McDo…
The commodity price index of Scotiabank dipped slightly in June from the previous month. A pickup in the metal and mineral and oil and gas sub-indexes was offset by a decline in the forest product ind…
Two territorial mining organizations hope to intervene in a court challenge to existing federal mining regulations. The Canadian Parks and Wilderness Society (CPAWS) is challenging the legality of the…
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…
Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…
A sobering dose of reality hit the Canadian diamond play this past week as disappointing results were released by Kennecott Canada from the DO-27 (Tli Kwi Cho) kimberlite in the Lac de Gras region of …
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