News

Assay results from the Paymaster gold mine project near Timmins, Ont., have prompted mining executive Pat Sheridan to purchase an 18.5% stake in American Reserve Mining (ME), a partner on the project,…

During a week of scanty news from juniors on the Dealing Network, over two million shares of Willingdon Resources changed hands, taking the stock from a low of 80 cents to a high of $2.10. The company…

Harvey Stevenson Southam, senior vice-president of Southam Business Communications Inc. responsible for Canadian publishing including The Northern Miner, died suddenly May 31 in Toronto. Southam was b…

According to a notice from partner TVX Gold (TSE), Pronto Explorations (TSE) is in default of joint venture payments totalling $613,942 — Pronto’s share of expenses for the Wilanour property at Red L…

Price (US) Week’s Change Gold* $361.60 + $ 0.85 Silver* $ 4.17 + $ 0.03 Platinum* $378.50 — $14.15 Nickel** $ 3.70 — $ 0.04 Lead** $ 0.24 …

A 20,000-tonne test shipment of imported nickel ore is expected to be received this month at the Glenbrook nickel smelter in Riddle, Ore. Cominco Resources International (TSE), which owns 50% of the …

A production decision is expected sometime later this year for the advanced Beartrack gold project in Lemhi Cty., Idaho. FMC Gold (NYSE) has a 71% interest in the property comprised of the North and…

With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …

Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…

Toronto-based MVP Capital (TSE) is preparing to make an exchange offer to European holders of 13.3 million Swiss Francs ($10.7 million) worth of secured convertible bonds. Assuming MVP can raise the n…

News that Japanese automaker Nissan has developed a platinum-free catalytic converter recently sent platinum futures prices in New York falling and palladium prices climbing. It was a brief market fl…

Any effort to increase public awareness of mining’s positive role in Canadians’ lives is laudable. Devoting one week in the year to tell the mining industry’s story is one such effort. An example is …