Having apparently given up on any short term rally in the price of gold, Toronto-based Falconbridge Ltd. has agreed to sell its 56.4% stake in Falconbridge Gold (TSE), to a private company controlled …
Semi-monthly reports as of March 31, showed 24,177,660 shares of 587 issues compared with 25,891,494 shares of 599 issues on March 15. Larger individual positions included: Amax Gold 143,750, up 125,9…
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
Strategic alliances are nothing new. A business combination of any sort — a joint venture, a merger, a partnership — could be described as such. But in current use, the term has come to mean a commo…
Funding for a drilling campaign at the Polaris-Taku project has been arranged by Suntac Minerals (VSE) through a 2.5 million-unit private placement at 20 cents per unit. The units include a warrant to…
A joint venture agreement between WisCan Resources (TSE) and Noranda (TSE) to explore the Goodman North and South, Reef and Enterprise projects in Wisconsin has been terminated. WisCan was formed just…
Despite the recession in North America, demand for gold to fabricate jewelry reached record levels last year and may even have climbed as high as 2,000 tons, according to estimates by the World Gold C…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 14 Apr 13 Apr 10 Apr 9 Apr 8 Copper 1241-1242 1245-1246 1252-1253 1270-1271 1264…
The founder of Nelson Machinery, Jack Henry McMullen Greenwood, died recently at age 87. Greenwood was born at the Hudson’s Bay trading post of Lac Seul, Ont., and began working for that company at th…
More impressive assay results were released by Westmin Resources (TSE) from recent underground drilling at the company’s Myra Falls mine property near Campbell River, B.C. The most spectacular results…
Weak metal prices and a high Canadian dollar forced Audrey Resources (TSE) to report a loss of $1.1 million or 7 cents a share in 1991, compared to a loss of $2.9 million or 19 cents a share in 1990. …
Significant changes in Brazils economic and political structures are taking place at this time as a new administration under Fernando Collor, the first president to be elected by popular vote in 29 ye…
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