News

Montreal-listed Orex Exploration (ME) has completed a financing agreement which will garner it $400,000. The company, based in Rouyn-Noranda, Que., will issue a million common shares and a million flo…

Four holes have been drilled by Cross Lake Minerals (VSE) on its Sheraton-Timmins polymetallic project near Timmins, Ont. The first two were drilled to test a 1,200-metre-long electromagnetic (EM) con…

The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…

A feasibility study expected early in the new year may determine the fate of the Holloway gold project in northeastern Ontario. Hemlo Gold Mines (TSE), with a 58% direct and indirect ownership interes…

Third-quarter earnings of Royal Oak Mines (TSE) reflect problems at the company’s three Canadian gold mines, particularly the Hope Brook operation in Newfoundland. The company said both tonnage and gr…

Assays of channel samples from Cathedral Gold’s (VSE) Kaburi-Eldorado project in Guyana have proved interesting. Ten trenches were used to test a 650-metre section of the 1,500-metre-long Hicks shear …

London Metal Exchange Spot closing prices in $US per tonne Date Nov. 23 Nov. 22 Nov. 19 Nov. 18 Nov. 17 Copper 1645-1646 1643-1644 1627-1628 1619-1620 1613-1614 Lead 402-403 400-401 400-401 397-398 39…

Week’s Price (US) Change Gold* $376.10 + $2.40 Silver* $ 4.65 + $0.10 Platinum* $372.65 – $3.10 Nickel** $ 2.12 + $0.04 Lead** $ 0.18 $0.00 Copper $ 0.74 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…

Gold Funds as of Nov. 23 BGR Central Net Value $15.02 $6.16 Price $13.88 $6.625 Premium 7.5% Discount 7.64% Value $84,154,000 $119,907,863…

Callisto Res. — 1,600,000 shs @ 10 cents. Dalton Res. — 2,000,000 shs @ 10 cents. Early Res. — 1,500,000 shs @ 10 cents. Euro-Nevada Mining — 1,100,000 units consisting of sh and purchase wt @ $38…

With two of the country’s largest producers of precious metals looking to boost production, it isn’t surprising that Chile’s gold output is expected to climb as well. A rise in excess of 1.2 million o…

Considering the current level of interest in diamond exploration, it was only a matter of time before the hopes and dreams of explorationists once again settled on the Sloan diatreme, 135 km north of …