News

Drilling has begun on the Mainstreet property in Louvicourt Twp. near Val d’Or, Que. Aur Resources (TSE) and Beaufield Consolidated Resources (VSE) report. Aur may earn a 60% interest in the project b…

For the first time in a long while, Canadian gold equities showed up in the financial pages of the dailies under the heading “Biggest Net Losers.” It happened on Aug. 6, when gold bullion prices took …

Mining in New Brunswick started in 1839. In that year, French sailors removed several chaldrons of coal from the Grand Lake area and sent them to Boston. The shipment represented New Brunswick’s first…

London Metal Exchange Spot closing prices in $US per tonne Date Aug. 10 Aug. 9 Aug. 6 Aug. 5 Aug. 4 Copper 1936-1937 1957-1958 1968-1969 1958-1959 1954-1955 Lead 392-393 391-392 397-398 404-405 398-39…

Avalanches rarely make headlines. Occasionally, they create havoc on the ski-slopes and that’s about the only time we hear of them. But in high-mountain country in winter, they are an ever-present haz…

— Week — Aug 10 Aug 9 Aug 6 Aug 5 Aug 4 High Low Composite”300″ 4028.44 4002.20 3959.96 3947.58 3988.54 4028.64 3945.87 Metals&Minerals 3118.83 3035.02 3014.85 3025.10 3033.85 3126.25 3009.80 Integr…

The Vancouver Stock Exchange was in the news again as James Matkin’s provincially appointed inquiry listened to more assaults on the exchange’s credibility during a recent public hearing. William Pidr…

Copper producer Phelps Dodge (NYSE) is benefiting from a hedging program that applies to about 45% of its projected 1993 output. The company reports that contracts with several financial institutions …

A private placement of 2.5 million units at 40 cents each has been completed by Southern Copper (VSE). Each unit consists of one common share and one share purchase warrant redeemable for a Southern C…

Construction of the Quebrada Blanca copper mine is on schedule and within budget, according to three Vancouver-based companies with interests in the Chilean project. Cominco (TSE) has a 38.2% interest…

Montreal-listed junior Tandem Resources (ME) has sold most of its 25.3% controlling interest in Matt Berry (CDN) to GTL Investments, a private Toronto-based company. In another transaction, Matt Berry…

Drilling is under way on the Woolgar-Tree River area, east of Coppermine, N.W.T., reports Rhonda Mining (ASE). The program is designed to test large geophysical (induced polarization) anomalies in the…