Following several meetings with the government of British Columbia, Royal Oak Mines (TSE) and Geddes Resources (TSE) have withdrawn their respective bids to acquire the Kemess South gold-copper projec…
The May 26 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum will hear a presentation about Westmin Resources and its prospects.President Walter Segsworth …
Gold Funds as of May 9BGRCentralNet Value$17.53$7.09Price$15.00$6.875Discount14.41%2.8%Value$137,025,000$124,432,688…
Wednesday, May 10Price (US)Week’sChangeGold*$383.40-$5.40Silver*$5.48-$0.40Platinum*$435.50-$17.25Nickel**$3.15-$0.02Lead**$0.26-$0.01Copper$1.24-$0.01Zinc$0.46-…
Colorado-based Canyon Resources (NASDAQ) posted a loss of US$647,900 (or 3 cents per share) for the first quarter, compared with a loss of US$237,200 (or 1 cents per share) for the same period in 1994…
Silver-producer Coeur d’Alene Mines (NYSE) will sell two of its lesser assets.Flexaust, a manufacturing division which produces flexible hose and tubing, is being sold to subsidiaries of the German fi…
Now that the Louvicourt mine near Val d’Or, Quebec, is running smoothly, operator Aur Resources (TSE) plans to use its 30% share of cash flow to seek out nearby orebodies.”We plan to reinvest a good p…
Adanac Mining & Exploration (ADN:VSE) and Bell Molybdenum Mines (BLY:VSE) have amalgamated and will be known under the latter name (BEM:VSE). Shareholders of both companies will consolidate on a share…
Western markets took a breather from the rash of speculation concerning the Voisey Bay area of Labrador and diamonds in the Northwest Territories during the report period ended May 9.The Vancouver Sto…
Drills are turning at the Bai Saripinang gold project on the Philippine island of Mindanao.Vancouver-based Chase Resources (TSE) owns a 40% interest in the Philippine firm Bai Saripinang, which owns t…
Mining is a risky business.Sometimes the risk takes the form of an operational surprise. In other instances, it may be an exciting drill hole that turns up empty. Still other risks include volatile me…
The gold price continued to trade sideways and the silver price tumbled during the report period ended May 9. On more upbeat news, the Dow Jones Industrial Average (DJIA) in New York continued to asto…
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