News

A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…

Vancouver — A positive resource estimate has induced Richmont Mines (RIC-T) to acquire a majority interest in the Island Gold project in Ontario from Patricia Mining (PAT-V).

Vancouver — Placer Dome (PDG-T) predicts higher production costs for its gold and copper operations in 2005, owing to a weak U.S. dollar, and only a slight increase in metal production. However, strong gold and copper prices sh…

Vancouver — A disgruntled major shareholder in Arizona Star (AZS-T) is trying to wrestle control of the junior miner away from its affiliate, Bema Gold (BGO-T), through a heated proxy battle that was to have…

Vancouver — First Quantum Minerals (FM-T) has discovered a new area of copper mineralization at the Kashime prospect, part of the Mkushi property in Zambia.

The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.

Vancouver — Messina Minerals (MMI-V) has encountered massive sulphides on the Boomerang prospect, part of the South Tulks project in west-central Newfoundland.