News

It was not a great week for the precious metals gold and platinum. The former fell by almost $10 while the latter succumbed to the protests of striking workers in South Africa. Although the gold price…

William McConnachie appointed director.

More and more miners are crossing the picket line at the Giant gold mine near Yellowknife, N.W.T., where a labor dispute has kept most union workers off the job since May of this year. The dispute ran…

Harry Au elected director.

The competitive advantage enjoyed by nickel producers of sulphide deposits has eroded in recent years in favor of laterite operations, and a surge in costs in Canada must take a large part of the blam…

Following the recent completion of an infill drilling program on the Pend Oreille property in Washington state, operator Minnova (TSE) estimates probable reserves at about 3.8 million tons grading 10….

Merger candidates Suntac Minerals (VSE), Canarc Resource (VSE) and Rembrandt Gold Mines (ASE) recently released additional assay results from drilling on the Polaris-Taku gold property in northwestern…

Troubled coal producer Westar Mining (TSE) reported a loss of $9.3 million for the three months ended June 30, which pushes the company’s loss for the first six months of the year to $15.7 million. We…

My application for an Ontario Prospectors Assistance Program grant was made in 1991 and 1992 and for both years turned down. In this regard I am compelled to condemn the approval for application for t…

The mayor of this northeastern Ontario city is encouraging other gold-dependent communities to lobby together against the sale of the yellow metal from federal government reserves. Mayor Vic Power say…

Shareholders of Asamera Minerals (TSE) recently voted in favor of a proposal to privatize the company effective Aug. 1. Minority shareholders will receive $1.40 per common share under the terms of the…

Clay Landa appointed vice-president and general manager.