News

A lawsuit between Habsburg Resources (VSE) and Timmins Nickel has been settled, paving the way for production to resume at the Dome Mountain gold mine near Smithers, B.C. The settlement provides for H…

Drills are turning on the Meliadine River project on the west coast of Hudson Bay, about 12 miles northeast of Rankin Inlet, N.W.T. Between 12 and 15 widely spaced reconnaissance holes are being drill…

The government of Papua New Guinea is thwarting an agreement allowing Venezuelan Goldfields (VSE) to acquire a 20% interest in the Lihir Island gold project (T.N.M., Aug. 16/93). Just days after annou…

The first phase (5,000 metres) of a planned 15,000-metre drill program was expected to be under way this month at the Brewery Creek property. Loki Gold (VSE) is now the operator following a previously…

A $15.1-million development program is under way at Zone 6 of the LaRonde mine, west of Val d’Or, Que. Agnico-Eagle Mines (TSE) expects the high-grade zone to be in production by mid-1995. Exploration…

Just weeks after buying the Dona Lake gold mine from Placer Dome (TSE) for $2 million, mining contractor Ross-Finlay has sold a 49% interest in the property to Societe Miniere Ecudor (ME) for $4 milli…

Drilling is under way on the Douay gold property in the Casa Berardi area of northwestern Quebec, Northern Abitibi Mining (ASE) reports. Quebec Crown exploration company Soquem is operating the progra…

To help boost the languishing tin mining industry, producers have set up a company in London to promote research and expand use of the metal. The new company, ITRA Ltd., is to coax international tin u…

(The following is the conclusion of a 2-part article in which the author describes a series of avalanches he experienced first-hand while working near Rogers Pass, B.C., in 1974.) The two events last …

A mining heritage theme park, which would house the Canadian Mining of Fame, has been proposed for Cobalt, Ont. Gino Chitaroni, whose family has owned and operated a tourism business in the historical…

Trading activity on the Vancouver Stock Exchange has entered the summer slowdown, though a surge in private placement financings is providing a boost. More than $551 million has been raised through th…

Week’s Price (US) Change Gold* $372.85 – $8.50 Silver* $ 4.69 – $0.10 Platinum* $388.00 – $5.25 Nickel** $ 2.08 – $0.11 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.01 Zinc $ 0.39 $0.00 Courtesy of Scotia…