News

Junior SouthernEra Resources (TSE) has been busy completing deals to broaden its exposure to diamond plays in both northwestern Quebec and the Northwest Territories. In Quebec’s Le Tac Twp., Ojibway R…

Gold bullion prices changed little over the week, slipping a meagre US20 cents to US$376.25 per oz. However, investors caught a case of the jitters as gold continued trading in a narrow range. Most of…

Three officers of Aur Resources (TSE) sold shares in January and February. According to the Ontario Securities Commission’s OSC Bulletin, director Howard Stockford exercised 100,000 options at $2.90 a…

With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…

A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…

With the Matapalo mill approaching its 300-ton-per-day capacity, Ariel Resources (VSE) is Costa Rica’s largest gold producer. The company produced 9,413 oz. in the fiscal year ended Sept. 30, 1993, an…

By all accounts, the 62nd annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toronto was a success. With more than 3,000 delegates and in excess of 300 exhibitors, the…

With the Castle gold mine churning out more gold and healthier profits, Viceroy Resource (TSE) is setting its sights on opportunities farther afield. The company has joined Gwalia Consolidated, an Aus…

Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…

Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…

Following their recent purchase of share positions in Granduc Mining, associated companies Conwest Exploration and Jascan Resources have agreed to lend Granduc up to $3.5 million. (All three companies…

A large amount of capital is moving out of the U.S. to foreign countries, particularly Chile, for exploration and development of copper mines. During the past 10 years, American producers have spent e…