Depleting reserves and a lack of development capital are creating a crisis in the Russian mineral sector, according to representatives of the Russian Ministry of Economics.At a conference in Moscow, t…
Newmont Gold (ngc-n) is the first North American gold producer to have produced 1 million oz. in one 3-month period.During the second quarter, the company produced 1.03 million oz. It is now working t…
The troubled life of the Colomac gold mine in the Northwest Territories will soon come to an end.Owner Royal Oak Mines (ryo-t) has decided to shut down the mine in October, citing a feeble gold price …
Rio Tinto (rtp-n) has announced it will continue with feasibility work on Las Cruces, a copper property in southern Spain.The company has located copper mineralization 15 km north of Seville, within t…
More drilling by Armistice Resources (aci-m) at its Sheldon-Larder property, southwest of Virginiatown, Ont., has confirmed the existence of mineralization similar to the “flow ore” at the nearby Kerr…
For the eighth consecutive year, silver demand has exceeded supply from mine production and scrap, according to a survey released by the Washington, D.C.-based Silver Institute.The increased demand in…
The Diavik diamond project near Lac de Gras in the Northwest Territories just got a little larger, but by analysis rather than drilling.Ongoing resource modelling work has increased the level of confi…
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…
A month or so ago, western markets were hit by the double whammy of low gold prices and the post-Bre-X blues. But over our report period ended Aug.5, a pulse and a heartbeat could be heard on both the…
Vancouver-based Cumberland Resources (cbd-t) has completed its previously announced acquisition of a further 40% interest in the Meadowbank gold project from Comaplex Minerals (cmf-t) (T.N.M., June 30…
As the political situation in central Africa continues to stabilize, more Canadian-based mining companies are advancing projects, which is having the effect of rebuilding the region’s mineral industry…
Based on results from this year’s drilling program, Vital Pacific Resources (vpr-v) has decided not to carry out a second phase of drilling at the Soup gold-copper property in northern British Columbi…
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