Exploration expenditures in British Columbia continue to decline. The major companies at least have a barrage of claims from which to choose and the ready cash to hold tight until political prospects …
African countries, their economies tied to cash-crop production, have watched with despair the collapse for over a decade of international prices for their commodities. According to World Bank project…
Toronto-based Lac Minerals (TSE) has initiated an “odd-lot selling program” to buy shares of Lac and certain predecessor companies from shareholders who hold 99 shares or fewer. For shareholders with …
A hole drilled while testing for electromagnetic anomalies on the Fox Stimson property, 70 km northeast of Timmins, Ont., has intersected three mineralized zones, reports Cross Lake Minerals (VSE). No…
A recalculation of minable reserves at the Goldstream mine near Revelstoke, B.C., has resulted in a 26% increase over estimates made last November. Bethlehem Resources (TSE) and Goldnev Resources (VSE…
Fifty senior managers at Noranda (TSE) have sold 1.6 million common shares at $20.50 per share through the Toronto Stock Exchange to raise $32.8 million. They used about $30 million of the proceeds to…
Calgary-based Bre-X Minerals (ASE) has signed an agreement in principal to earn an 80% interest in an Indonesian gold project. The 57,571-hectare property contains three gold prospects, one of which r…
Toronto-based Citadel Gold Mines (TSE) has terminated the lease on its Surluga gold mill in Wawa, Ont. The lease had been held by Monk Gold & Resources (ASE). Citadel is reviewing its gold property an…
The sale of some gold mining assets is providing Cyprus Minerals (NYSE) with additional funds for capital programs aimed at reducing costs and expanding production. An 80% interest in the Golden Cross…
The federal government intends to sell half its 19.2% interest in Saskatchewan uranium producer Cameco (TSE) for $102.5 million. Five million shares will be sold to the public at $20.50 per share by a…
Clive Brookes, Sean O’Neill and Alan Rothenbush appointed directors.
Drilling on the South Comstock gold project near Carson City, Nev., has successfully extended the Lucerne gold deposit to the east. Rea Gold (TSE) is earning a 50% interest in the property from BMR Go…
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