News


Century aims to revive Sigma-Lamaque

Vancouver — A letter agreement sets the stage for Century Mining (CMM-V) to acquire the historic Sigma-Lamaque gold mine complex in the Val d’Or camp of northwestern Quebec.


Hecla cuts costs, boosts profits

Vancouver — Higher metal prices and lower production costs helped Hecla Mining (HL-N) nearly double its first-quarter gross profit to US$13.4 million, compared with US$7 million a year earlier.


Junior mining sector loses ground

The TSX Venture Exchange fell just shy of 100 points during the May 5-11 trading period to close at 1558.69, representing the fifth-consecutive drop. The junior mining sector fared no better, with a whopping 71 Venture Exchange-listed companies re…



Beaufield climbs on Rouleau results (May 17, 2004)

Nepean, Ont.-based Beaufield Consolidated Resources (BFD-V) has released encouraging initial results from drilling at its Rouleau gold property, 120 km east of Lebel-sur-Quevillon in northwestern Quebec.


Photo by James WhyteA view of Inmet Mining's Troilus open-pit gold mine near Chibougamau, Que.

Aur, Inmet reach merger deal (May 17, 2004)

A merger-of-equals deal struck at the beginning of May will see Aur Resources (AUR-T) and Inmet Mining (IMN-T) join to form a single company with significant assets in the copper mining business.


Consultant David Fortin (left) and Virginia Gold Mines' senior geologist, Michel Chapdelaine, at the Dom polymetallic showing during an exploration program in northern Quebec last fall.

Virginia makes VMS find in Quebec

Long a favourite among newsletter writers and retail-oriented mining analysts, Virginia Gold Mines (VIA-T) has been rewarded with several promising discoveries following aggressive exploration work in northern Quebec.



Flow-through shares: a history

The recent success of so-called “flow-through” shares may make them seem like a new idea in Canada but this financing device found its way into the business lexicon here roughly 50 years ago with company-to-company “flow-through” shares. It took a…



J-Pacific to explore Blackdome (May 17, 2004)

Vancouver — J-Pacific Gold (JPN-V) has retained Roscoe Postle Associates to develop an exploration plan for the Blackdome mine property, 70 km west of Clinton in south-central British Columbia.


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