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Strong new powers recommended for OSC

A task force studying the Ontario Securities Commission (OSC) is recommending broadening the regulator’s powers. The changes would allow the OSC, which oversees Canada’s largest securities market, to …



Princeton set to resume operations at Similco mine

The Similco copper mine near Princeton, B.C., will resume production in early August. The decision by owner Princeton Mining (TSE) reflects a 40 cents-per-lb. increase in the price of copper since ope…


Commodity index surges in May

In a surge which reflects signs of improving industrial activity in continental Europe, the Bank of Nova Scotia’s commodity price index jumped 7.2% in May. All sub-indexes increased, with base metals …


De Beers joint-ventures Yamba Lake diamond bet

De Beers Consolidated Mines has agreed to joint-venture the Yamba Lake diamond project held by Mill City Gold (VSE) and Tanqueray Resources (ASE). The agreement, which is subject to a due diligence ex…




Cominco Res. gold discovery

Cominco Resources International (TSE) has added a new gold discovery to its exploration projects in Turkey. The find was made on the Saray property, 5 km from the Black Sea near the town of Fatsa. Com…


Campbell buys Mexican producer

Toronto-based Campbell Resources (TSE) has agreed to buy the Santa Gertrudis gold mining operation in Mexico’s Sonora state. The vendor is a subsidiary of Phelps Dodge (NYSE) of Phoenix, Ariz., which …


Test mining a success for Fairfield Minerals

Underground test mining is returning both revenue and positive results from the company’s Siwash North gold deposit in southern British Columbia. Owner Fairfield Minerals (TSE) recently sold more than…


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