News

“If at first you don’t succeed, try again,” appears to be the strategy being followed by Belmoral Mines of Toronto, which has announced it will spend $5 million on shares and warrants of junior-mining…

Two Quebec-based companies that have had trouble living up to expectations during the past two years may have found a combination to benefit them both. Belmoral Mines, a profitable gold mining company…

A bitter Canada-U.S trade dispute over potash appears to have been amicably settled, at least for the time being, with both parties apparently satisfied. But it came just in the nick of time, for if a…

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 12 Jan. 11 Jan. 8 Jan. 7 Jan. 6 Copper 1565-1570 1600-1605 1560-1565 1585-1595 1640-1645 Lea…

Production started early December at Viscount Resources’ 50%-owned O.B. silver- gold mine at Greenwood, B.C. The project is a joint venture with Skylark Resources, which is operator. About 80 tons per…

While Toronto-based Brown, Baldwin, Nisker Ltd. usually reserves its judgment for larger gold mining concerns, it has come up with a research report on what it calls an exciting junior play with lots …

Monte Carlo Gold Mines has announced it will be issuing bonus warrants to common shareholders of record Jan 7. Each bonus warrant will entitle the holder to purchase one additional common share at $3 …

The volatility of the market seems to have worked in favor of Falconbridge Ltd., which recently completed a share issue worth $142.5 million prior to a drop in the nickel price. Nickel recovered in 19…

Wilco Mining of Toronto and Minnova Inc. say they plan to pool properties held by both companies under option agreements with prospectors David Petrunka and Wayne McChristie. Under a joint venture agr…

Assay results have been received from the recent drill program on the Mon property of the Coronado Resources-Troymin Resources joint venture in the Northwest Territories. Of the 12 holes put down by C…

First General Mine Management & Gold Corp. of Toronto has entered a contract for a minimum of 5,000 ft of diamond drilling on its Renabie, Ont., area property optioned from Conquest Yellowknife Resour…

The Prospectors and Developers Association of Canada (pdac) is gearing up for its 56th annual convention March 6-9 at Toronto’s Royal York Hotel. Theme of this year’s meeting is Financing — The Key t…