News

A 66% increase in gold production at American Barrick Resources’ (TSE) Goldstrike mine in Nevada helped boost the company’s net income to US$109.4 million for the nine months ended Sept. 30. This repr…

It is unfortunate that your staff resorts to derogatory commentary when reviewing press releases issued by juniors while glossing over some of the spectacular disasters engineered by majors. Two recen…

Ontario’s Ministry of Northern Development and Mines (MNDM) has been taking some hard knocks over the past few years for its failure to promote the mining industry. The province’s own figures show tha…

Mining giant Inco (TSE) will cut its payroll by at least 500 employees through attrition over the next two years, but the company says there will no layoffs from its 9,700-strong primary metals workfo…

This year’s convention of the Alaska Miners Association, Nov. 2-6, will highlight the state’s porphyry gold and the mineral potential of public lands. More than 50 exhibitors will display their goods …

As more and more Canadian companies join the rush for diamonds, the market for their discoveries is looking increasingly vulnerable. A recent flood of gem-quality diamonds from Angola, where an estima…

After being in control for just over a year, Hemlo Gold Mines’ (TSE) new management team appears to be achieving its corporate objectives of making the company a low-cost producer and environmentally …

Our readers love to take us to task; for stories not written, for biased reporting, for outright mistakes. But we are also asked for information. “About Red Lake Buffalo Resources,” writes A.B. from W…

The Nicaraguan government is selling some state-owned mineral assets, including two operating mines, that were nationalized when the Sandinista regime was in power. To be privatized are the operating …

A production increase planned for later this year was delayed by the owners of the Glenbrook nickel smelter because of current nickel market conditions. The smelter, near Riddle, Ore., is owned 50% ea…

Forestry, mining and tourism are being handed from one government to another. The status quo of Northern Ontario resource-based communities may be eroded through the constitutional negotiations in nat…

Trenching and drilling are expected to get under way on the CNE/Captain group of properties in New Brunswick by year-end, reports property holder Stratabound Minerals (ASE). Teck (TSE) has completed a…