Canadian government gold sales are heading for a record high this year. To the end of September, the Bank of Canada saw fit to dump nearly 2.9 million oz., which is close to the total of three million…
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
The Omai mine in Guyana helped to push gold production for Cambior (TSE) during the first nine months of 1993 to 381,122 oz., a 42% increase compared with the same period last year. The open-pit mine,…
A private placement of up to $3.96 million has been arranged to fund a prefeasibility study on the Cuatro Hermanos copper property in Mexico’s Sonora state, reports Morgain Minerals (VSE). The placeme…
Drilling has begun on the McConnell diamond project, northeast of Yellowknife, N.W.T. The property, a joint venture among Aur Resources (TSE), Thunderwood Resources (TSE), Consolidated Abitibi Resourc…
A private placement of 5.5 million special warrants at $1.05 each has been arranged by Comstate Resources (TSE). Each warrant will be exchangeable for one common share of Comstate at no additional cos…
In a bit of a twist from the norm, junior company Great Lakes Minerals (TSE) has signed a deal with New York-listed Hecla Mining, a senior producer, to fund part of the development of Hecla’s Grouse C…
Drilling on the Golden Bear property in northwestern British Columbia has returned gold intersections in two separate areas. The mine is wholly owned by North American Metals (VSE). Wheaton River Mine…
April Robertson appointed director of public relations.
In June, nickel prices were relatively steady at above US$2.40 per lb. That isn’t a price to provoke a Mike Sopko, the Inco chief, or Falconbridge’s Frank Pickard to break out the champagne. In fact, …
A Chilean company held equally by Placer Dome (TSE) and Outokumpu Copper Resources will build a solvent extraction-electrowinning plant at the Zaldivar project in Chile. Placer Dome says the plant, wh…
Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…
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