News

Golden Rule, Manson Creek plan buybacks

Share buyback plans were announced recently by Calgary-based Golden Rule Resources (TSE) and its 58% owned subsidiary Manson Creek Resources (TSE). Golden Rule says it intends to acquire up to 1,052,0…



EDITORIAL Buying back shares adds liquidity

Cash is king, they say, and the truth of that homily is reaffirmed each time the stock market slumps. Those that have cash can ride out the rough times, pick up bargains and generally look after the b…



CIM features Holmes during Mining Week

Ontario’s first ever mining week, Oct. 15-19, is demonstrating the industry’s contribution to the economy nationwide and our daily lives. As well, it showcases programs that safeguard workers’ health …


Red Lake working to broaden tax base

Annual exploration expenditures in the Red Lake district of Northwestern Ontario hit a peak in the $45-million range during the heyday of flow-through share funding and exploration was, at that time, …


Oil, metals boost commodity index

Higher oil and metals prices helped pull the August all- commodity price index of Scotiabank up by 1.2% from July. “Actual and threatened supply disruptions in the Middle East have pushed up the price…


Corona puts Poco stake up for sale

Recent dramatic increases in the price of oil have provided Corona (TSE) with a perfect opportunity to seek a buyer for its stake in Poco Petroleums (TSE). Peter Steen, president of Corona, said the c…



Laverty drilling yields disappointing values

Narrow, localized zones carrying little gold appear to be the source of the strongly anomalous humus samples collected on the Laverty Red Lake Resources (COATS) claim group near Red lake, Ont. A 4-hol…


Aurochs option

Aurochs Exploration (ME) has negotiated an agreement with Robopro Inc. which will allow the former to earn a 100% interest in the Dovercliff property, 7 km. east of Rouyn-Noranda, Que. To earn its int…



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