Newfoundland will introduce a program next spring designed to encourage people to prospect for gold. A 2-week prospecting course will be offered in May at a community college in Stephenville on the pr…
The shareholders of Parlake Resources (TSE) have approved a proposal to grant options to the president and one director of Parlake. Under the incentive program, the Parlake officers will hold options …
Dundee Resources Corp. — 1,800,000 shs offered @ 17 cents per sh. Sundance Resources Ltd. — 2,000,000 shs offered @ 27 cents per sh. Mountain Beaver Resources Ltd. — 2,700,000 units consisting of 1…
Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …
When an orebody is depleted, mining companies have to ensure safe and complete mine closure, but that responsibility cannot be at such a cost that the mining operation itself becomes uneconomic. Miner…
Juniors Onitap Resources (TSE) and Exploration Orex (ME) announced at presstime they have settled their legal dispute concerning the Goldboro gold property in Nova Scotia. Orex, which initiated the la…
A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …
A mixture of high- and low-grade gold assays have been reported by partners Glimmer Resources (VSE) and Noranda (TSE) from recent follow-up drilling on their Beatty-Hislop joint venture near Matheson,…
Week’s Price (US) Change Gold* $377.30 — $7.45 Silver* $4.15 + $0.04 Platinum*$429.75 + $3.00 Nickel** $3.70 + $0.03 Lead** $0.29 — $0.02 Copper- $1.11 — $0.02 Zinc– $0.56 — $0.01 Courtesy of Sco…
Base metal stocks continued to benefit from the prospect of lower interest rates and the likelihood of a peaceful solution to the Gulf crisis during the week ended Dec. 11. The big producers including…
An agreement to purchase the shares of private Ontario company Aurora Steel Services for $2.17 million has been concluded by Davidson Tisdale Mines (TSE), the mining company reports. Aurora manufactur…
A $500,000 drill program operated by Noramex Minerals (VSE) is now under way on the Bunce gold property in Pershing Cty., Nev. Funds for the reverse circulation drilling program were provided by Annab…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.