News

Financing required for the balance of this year’s exploration program has been completed, says Quebec-based Aunore Resources. A private placement agreement has been concluded which will provide $1.242…

While the whole nation celebrated its first Nobel Prize in 15 years, there were rumblings recently of cutbacks at the National Research Council, one of the main advocates of science and technology in …

Bigger is not necessarily better. Very few gold mines in this country have been able to pay a dividend within the first year of production. And few indeed will show net earnings of 29 cents per share…

on a basis of 1 new for 2 old shares and is seeking regulatory approval to merge with a California corporation of the same name.

Suncor has completed an exploration program on Treasure Island Resources’ Spider Lake property in the Northwest Territories. The property is located in the Indin Lake greenstone belt and the company d…

The shares of Summit Resources were posted for trading on the Toronto Stock Exchange on Oct 29. The company is involved in the exploration, production and development of petroleum and natural gas rese…

Wednesday close, Nov 5 Gold issues led the pack on the Alberta Stock Exchange this week. News that Newmont Explorations has intersected strongly altered volcanics spiced with sulphides on Golden Briar…

Passing of Senate control to the Democrats in the U.S. elections doe s not augur well for Canada’s free trade initiatives in general, nor for free trade as it will affect the Canadian mining industry …

Zenmac Zinc has issued a statement of claim against Cominco Ltd. alleging that Cominco did not tender its 62.5% interest in Vestgron Mines into the Zenmac offer of 65 cents per share for all the shar…

Blue River Mines says it expects to start production and sales next year at the B. C. calcite deposit it has optioned from Ekaton Industries. Blue River says mapping and sampling have confirmed previo…

The average yield on mining stocks on the Toronto Stock Exchange as compiled by Moss, Lawson and Co. on prices of Oct 24 were up 0.05% at 1.93%. Last month this group yielded 1.88%, while one year ago…

Securities Commission for a public financing to raise $1,350,6000 to fund exploration activity on its Lac Fortune West property near Rouyn, Quebec.