During the holiday-shortened report period ended June 28, the Vancouver Stock Exchange composite index tacked on 5.75 pointts, or 1.35%, to close the week at 430.48. The mining index rose 3.70 points,…
With a strike behind it and cash in the bank, Miramar Mining (MAE-T) is looking to join the ranks of intermediate gold producers, the company’s president told shareholders at the annual meeting.The co…
The recent precipitous drop in the price of gold is both damaging to some investors and alarming to the wider public.For centuries, gold has been an important yardstick by which we measure the wealth …
Encouraged by northern Ontario’s newfound diamond potential, Kennecott Canada Exploration has signed a deal to earn majority interests in properties comprising more than 200,000 ha near the town of Wa…
Australia’s Broken Hill Proprietary (BHP-N), the second-largest copper producer in the world, will close its North American operations as a result of persistently low prices for the red metal.The anno…
Metallurgical tests on material pulled from the NorthMet copper-nickel project in northern Minnesota are returning encouraging results for PolyMet Mining (POM-V).The bio-leach testing is being carried…
The International Monetary Fund’s proposal to sell 10% of its gold to assist debt relief would harm, rather than help, some of the world’s poorest nations, says the World Gold Council.The New York-bas…
The NW Snap Lake kimberlite dyke can no longer be said to have the richest per-carat values ever reported in the Northwest Territories. Results from the first half of a 6,000-tonne surface bulk sample…
With an infill drilling campaign nearing completion, Foran Mining (FOM-V) is beginning a program of stepout work in an attempt to boost the tonnage of the McIlvenna Bay zinc-copper-gold deposit.The 13…
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The Geological Survey of Canada has taken a keen interest in diamond exploration in recent years, triggered by the crop of new mines developed or under development in Canada’s Northwest Territories an…
Mining consulting firm Kvaerner has signed a US$170-million deal to design and build a mining and solvent extraction-electrowinning operation at the El Tosoro project in Chile.According to Kvaerner’s …
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