News

Spot Prices Tuesday May 24, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $420.35 -2.10
Silver $7.00 +0.03
Platinum<...


Pioneer drills Grace

Vancouver — NovaGold Resources (NRI-T) will test the Grace copper-gold project, held by Pioneer Metals (PSM-T) in northwestern British Columbia….


Copper miners make gains

U.S. stock markets rose steadily over the reporting period May 17-23, as good macroeconomic news — an 0.5% annualized increase in the Consumer Price Index and a fall of 20,000 in jobless claims — bo…


Twin Mining busy from Arctic to Idaho

Vancouver — Toronto-based Twin Mining (TWG-T) is looking into ways to advance its two core assets: the Atlanta gold project in Elmore Cty., Idaho, and a diamond exploration project…


West Hawk eyes Groundhog coal

Vancouver — With the booming demand for coal driving up prices, copper explorer West Hawk Development‘s (WHD-V) is making a foray into the coal sector. The company has agreed to pu…



Miners rebound

The Toronto Stock Exchange weathered a politically tumultuous holiday-shortened report period, May 17-20, to end 128.91 higher at 9,452.19 points. The golds managed to claw back 3.56 points from the p…


Virginia enlarges Roberto gold zone

Drilling by Virginia Gold Mines (VIA-T) has extended the known strike length and depth of the Roberto zone on the lonore project, in the Opinaca reservoir area of the James Bay re…


Magnetics essay contest returns

To encourage better understanding of magnetics in resource exploration and related fields, a group of mining suppliers is sponsoring an essay contest for Canadian post-secondary students….


Junior sector weakens with falling gold price

Junior mining stocks continued to show no signs of a turnaround as metal prices remained weak during the shortened trading period May 17-20. A strengthening U.S. economy and greenback are largely resp…


Editorial: Nunavut wants it all, now

While Nunavut, Canada’s third and easternmost Arctic territory, may mean “our land” in the Inuktitut language, Nunavut’s Inuit Premier Paul Okalik wants to make the words come completely true by havin…



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