Losses mounting for Princeton
Red ink at the Similco Mines division continues to stain Princeton Mining (TSE), which lost $5.3 million in the second quarter ended June 30. Drooping copper prices and operational problems at its Sim…
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Repadre to list on Toronto exchange
Toronto-based Repadre Capital (VSE) has been granted conditional approval for a listing on the Toronto Stock Exchange. In other news, Repadre has received more than $250,000 in royalty payments from p…
LETTERS TO THE EDITOR — Sarnoff a modern Nostradamus?
I have just reviewed Paul Sarnoff’s July 7 Gold Stock Advisory report on Canadian diamond exploration. I am a retired steel salesman in the U.S. and that seems to put Sarnoff and I in the same class, …
Emtech and Ukrainians to market scandium
A Canadian group has teamed up with a major research and development institute in Ukraine to market technology and advanced materials, including an aluminum-scandium alloy designed for the aerospace i…
NEWS ROUNDUP — Placer to drill Oregon gold play
A 5,000-ft. program is to begin shortly on the Stockade Mountain gold property in Oregon, report partners Placer Dome U.S. (a unit of Toronto-listed Placer Dome) and Carlin Gold (ASE). The drilling wi…
X-Cal options Nevada lease near Gold Spar
Toronto-listed X-Cal Resources is expected to acquire a privately owned 1,500-acre mineral lease next to its Gold Spar property on the Battle Mountain gold trend in Nevada. To do so, it will pay the M…
INSIDER TRADING — Two Madeleine officers sell shares in
Two officers of Madeleine Mines (TSE) (now called North American Palladium) exercised options and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, officer Peter Blun…
USMX may buy Idaho ground
NASDAQ-listed USMX has the right to acquire about 10,000 acres of patented and unpatented mining claims in the Thunder Mountain mining district of central Idaho. The agreement covers the Thunder Mount…
Cazador, Granduc plan merger
A planned merger between Cazador Explorations (VSE) and Granduc Mines (TSE) should go a long way toward raising the required financing to bring the Keystone gold project into production. Cazador can e…
Int’l Curator teams with Coeur d’Alene
New York-listed Coeur d’Alene Mines stands to benefit from a combined share purchase and property agreement with International Curator (VSE). Coeur d’Alene will receive a 66.7% interest in the Jualin …
NEWS ROUNDUP — Goldpost to merge with Antares
A publicly traded company, to be known as Antares Mining & Exploration, will be formed through the amalgamation of Goldpost Resources (TSE) and privately owned Antares Mining & Exploration. Under the …
EDITORIAL PAGE — This site condemned
Ontario’s Workers’ Compensation Board (WCB) is in the midst of erecting a $178-million Taj Mahal in downtown Toronto. At first blush, this might seem a bit odd. For it was the WCB that, only a few mon…