If Middle East tensions escalate to the point where gun fire is exchanged, investors who have been selling their gold assets to take advantage of recent price increases could move back into the market…
Since when is Matachewan near Timmins, Ont., in relation to mining concerns? It is within the Larder Lake mining division, and the Ministry of Northern Development & Mines Office overseeing the distri…
Toronto-based Joutel Resources (TSE) has raised nearly $711,500 from a recent shareholders’ rights offering which was fully subscribed for the maximum of 4.4 million units. Under the terms of the righ…
Despite higher revenues, Rayrock Yellowknife Resources (TSE) reported a 50% drop in second- quarter earnings this year. Net income for the three months ended June 30 was $1.65 million (16 cents per sh…
A decline in silver prices and lower gold and silver production reduced the net earnings of Coeur d’Alene Mines (NASDAQ) during its latest quarter ended June 30. The Idaho-based company reported net i…
Vancouver-based Norgold Resources (VSE) and a U.S. subsidiary of Toronto-based LAC Minerals (TSE) have formed an exploration joint venture on two gold properties near the Rosebud discovery in Nevada. …
From the far reaches of Alaska and the Yukon to the near- Antarctic lands of South Africa, gold has drawn fortune-seekers like honey bees to pollen. A good many of the adventurists took advantage of p…
The Sunrise polymetallic property, 70 miles north of Yellowknife, N.W.T., is back in the hands of the Aber Resources (VSE) and Hemisphere Development (VSE) partnership after a unit of Noranda (TSE) op…
Gold production at the Golden Bear mine near Dease Lake, B.C., will be reduced by about 50% for the next 5-6 weeks while operator North American Metals (VSE) corrects the failure of a key component in…
For several years, Seabright Explorations (TSE) has been trying to make a gold mine out of its Moose River property in Nova Scotia’s Meguma group sediments. But the company recently announced plans to…
Drilling results from the SKI project, directly north of the rich Eskay Creek property north of Stewart, B.C., were greeted with a mass of sell orders. Adrian Resources (VSE) owns the project and Prim…
A recent survey shows a steady growth in the use of incentive schemes by miners in the U.S. Of the 156 mines surveyed, 42% reported that they have a bonus plan in place, compared with 35% last year, 2…
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