News

London Metal ExchangeSpot closing prices in $US per tonneDateJan. 23 Jan. 22 Jan. 19 Jan. 18Jan. 17Copper2574-2579 2519-2524 2555-2560 2602-26072591-2596Lead722.5-723.5 710.50-711.5 717-718 7…

The past few years have been good ones for copper producers. Prices have remained relatively robust, even as new, large operations began coming on-stream in Chile and elsewhere.The copper price averag…

The discovery of a low-lying oxide zone on the Aldebaran property in north-central Chile has prompted partners Bema Gold (TSE) and Arizona Star Resource (VSE) to delay completion of an ongoing feasibi…

With promising strike extensions and geophysical anomalies to test, Stratabound Minerals (ASE) has resumed drilling at the Taylor Brook property, near Bathurst, N.B.The first hole, 96-17, tested a dow…

Mineral deposits tend to be situated at great distances from the users of minerals, and yet, oftentimes, one’s own backyard holds more than it seems. Large new deposits are frequently identified in ar…

A. Ali appointed chief financial officer.

Drilling west of its Detour Lake mine in northeastern Ontario, Placer Dome (TSE) has intersected substantial widths of low-grade gold mineralization at its Fault Lake property.Placer Dome is earning a…

Tim Mann appointed vice-president of operations.

Jeffrey Taylor appointed executive vice-president of corporate development.

Cuban state-owned Geominera will exercise its option on the Zona Barita project of Joutel Resources (TSE).The latter has outlined an estimated resource of 9 million tonnes grading 1.64 grams gold and …

Altai Resources (TSE) is acquiring interests in two countries far removed from each other.In the Philippines, Altai has gained a 40% stake in a local company that owns a property on Lahuy Island, 350 …

Royal Oak Mines (TSE) is encouraged by drill results from its Copperstone gold project in western Arizona.The company has calculated a drill-indicated mineral resource of 420,000 oz. gold.The drilling…