The rush is on as mining majors battle small-time prospectors for control of more than 1,000 reopened claims in the Cobalt area of northern Ontario. Since 7 a.m., April 3, official opening time, stake…
Last week’s collapse in bullion prices might have created a “second chance” buying opportunity for investors to pick up gold shares at a discount. But, judging by the lacklustre trading pattern during…
The Macassa gold mine of LAC Minerals (TSE) near Kirkland Lake, Ont., smashed its previous records by posting a single-month gold output of 12,353 oz. in March. The mine had never before produced more…
The acquisition of a U.S. copper producer and investments in two of Canada’s largest mining companies contributed to higher annual earnings for Toronto-based Metall Mining (TSE). Metall, a 62.7% owned…
Few need to be reminded of how tough things were during the recession of the early 1980s. Lessons learned then are still fresh in the minds of those who work in the mining industry. What is perhaps le…
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 3 April 2 Mar. 30 Mar. 29 Mar. 28 Copper 1670-1672 1700-1702 1652-…
The focus on the pulp and paper industry (and how it has measured up to new environmental demands) has given the mining industry a small bit of breathing space and a taste of what’s coming their way. …
Based on a recently signed letter of intent, Aber Resources (VSE) and Hidden Lake Gold Mines (VSE) plan to form a joint venture to explore mineral claims at Trumpline Lake, about 45 miles east of Yell…
An option agreement signed in 1989 has resulted in Placer U.S., a wholly owned subsidiary of Placer Dome (TSE), owning one million shares of Oneida Resources (VSE). The option agreement called for Pla…
After compiling results from a recent exploration program, Northair Mines (TSE) elected not to participate in the future development of the Deception Lake property in northern Saskatchewan. The compan…
Malartic Hygrade Gold Mines (VSE) recently arranged a US$5- million gold loan facility with the Bank of Nova Scotia to finance plant construction at the Congress gold mine in Arizona. The loan bears a…
The national over-the-counter market in the U.S., known as NASDAQ, is proposing to end trading in most stocks worth less than US$1. NASDAQ lists almost 5,000 issues, including many penny stocks. The m…
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