We watch with dismay as the Canadian government continues to dump its gold reserves on the world market at a time when low metal prices are threatening the economic viability of numerous gold mines an…
After over a year-long search for a major project, Pacific Sentinel Gold (VSE) announced it plans to merge with Big Creek Resources (VSE). The companies expect to merge on a one-for-one basis subject …
The natural resource sector — mining, forestry, energy, farming, fishing and trapping — has fuelled the Canadian economy from day one. These industries and the communities dependent on them have gra…
The three remaining directors of Westar Mining (TSE) have resigned, leaving the fate of the company in the hands of the Supreme Court of British Columbia. The six outside directors of Westar resigned …
Lower costs and increased production pushed Agnico-Eagle Mines (TSE) well into the black during the first six months of the year. The gold miner reported a profit of $2.2 million (8 cents per share) c…
The Pine Cove gold property at Baie Verte in Newfoundland is 100% owned by Varna Gold (ASE). An earlier story (T.N.M., Aug. 17/92) referred to plans by NovaGold Resources (TSE) for the property; NovaG…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 25 Aug. 24 Aug. 21 Aug. 20 Aug. 19 Copper 1275-1276 1271-1272 1318-1319 1308-13…
To finance its share of a $12-million underground exploration program at the Holloway gold project near Matheson, Ont., Teddy Bear Valley Mines (CDN) has raised $1.23 million through a private placeme…
It seems that any significant mineral discovery inevitably results in some sort of lawsuit. “If your project is so good, how come you haven’t been sued?” shareholders ask companies that avoid the cour…
Cameco (TSE) of Saskatoon, Sask., has staked a claim to 6,000 sq. km in Alberta, the same size area as was staked by De Beers subsidiary, Monopros, in 1990. The area staked is in what is known as the …
The headline of your article “Hemlo will fund Moss Lake work” (T.N.M., Aug. 24/92) leaves the reader with the understanding that Hemlo Gold Mines will provide Central Crude with the monies needed. Thi…
With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…
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