News

Richard Coglan appointed director; Robin Lockhart appointed chief financial officer.

Gold bullion took what seemed a decisive tumble during our report week, dropping US$6 to US$370.10 per oz. However, at presstime (which is one day later than the closing prices in our stock tables) bu…

BGR Central Net Value $14.94 $6.21 Price $13.88 $6.625 Premium 6.7% Discount 7.10% Value $83,666,000 $119,907,863…

Gold Parl Resources (GPA:VSE) has changed its name to Canmet Resources (CMT:VSE) on a 1-new-for-2-old-share basis.

Encouraging gold and base metal values have been uncovered at MH Resources’ Mag Lake property in the Northwest Territories. The company is owned 40% by Noble Peak Resources (ASE), 40% by Dejour Mines …

A subsidiary of Advanced Material Resources (ASE) has acquired a 60% interest in a rare earth oxide plant in East China. The plant, in Jiangyin within Jiangsu province, produces high-value rare earth …

Lower copper prices drove Arimetco International (TSE) to a loss for the nine months ended Sept. 30. A loss of US$2.7 million on sales of US$15.2 million was reported for the period. This compares to …

Joutel Resources (TSE) has sold nine million units at 45 cents through a group of underwriters led by Gordon Capital. The sale closed Nov. 25. Each unit consists of one subordinate voting share and on…

Exploration is under way on four concessions held by Bolivar Goldfields (VSE) in southeastern Venezuela. The junior holds one of the largest land positions in the country’s Guyana Shield, encompassing…

Vancouver-listed partners Emerald Isle Resources (VSE) and Stralak Resources (VSE) have begun exploring a garnet property northeast of Sudbury, Ont. Previous work on the Street Twp. joint venture outl…

Persistently low copper prices have prompted Gibraltar Mines (TSE) to shut down its mine and mill at McLeese Lake, B.C. Staged layoffs took effect Nov. 26; mining and milling ceased four days later. D…

Lyon Lake Mines (ME) has released results of reverse circulation drilling on the Beta Vargas gold project in Costa Rica. Results from the first 13 of 17 holes include 0.12 oz. gold per ton over 13 ft….