News

The proposed McDonald gold mine in Montana has moved one step closer to reality. Partners Phelps Dodge Mining and Canyon Resources (NASDAQ), which own 72.25% and 27.5% respectively, have filed a plan …

Habsburg Resources (HAB:VSE) has changed its name to Dome Mountain Resources (DMR:VSE) on a share-for-share basis.

Diamond drilling and underground development at Antares Mining and Exploration’s (TSE) Lady Lina gold property in Zimbabwe continue to yield favorable results. The company’s efforts have focused on th…

The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…

Week’s Price (US) Change Gold* $384.50 – $1.00 Silver* $5.17 – $0.02 Platinum* $410.50 – $3.90 Nickel** $3.44 – $0.06 Lead** $0.30 – $0.01 Copper $1.26 – $0.04 Zinc $0.52 – $0.02 Courtesy of Scotiaban…

The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…

The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…

An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…

In early 1995, eight individuals will be officially inducted into the Canadian Mining Hall of Fame. They will join the group of 54 who have been honored since the Hall was established seven years ago….

Semi-monthly reports as of Oct 31, 1994 showed 241,967,036 shares of 832 issues compared with 257,344,810 shares of 878 issues on Oct 15, 1994. Larger individual positions included: Aber 131,140; Agni…

Toronto-listed Cameco says negotiations are proceeding for the financing of the Kumtor gold deposit in Kyrgyzstan. The company holds a one-third interest and is project operator; the remainder is held…

Tucked away in the western part of the island of New Guinea is one of the world’s three largest open-pit copper reserves and perhaps the single largest gold reserve to be found anywhere. That, at leas…