At Rouyn Mining Resources’ (TSE, ME) Francoeur mine, the focus has shifted from mining to reserve development. Mining was stopped in late June because it was too costly. According to President Jean-Gu…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 129.00 127.85 128.10 — 0.70 Oct 128.10 127.40 126.90 — 0.30 Nov — — 125.40 + 0.40 SILVER (in US cents pe…
International mining company Placer Dome (TSE) recently made the first shipment of gold bullion to refiners from the newly commissioned 1,650- ton-per-day first-stage plant at the Porgera mine in Papu…
The proposed business combination between Galactic Resources (TSE) and Cornucopia Resources (TSE) has been revised. The new proposal would have Cornucopia shareholders exchange their shares for 0.55 s…
Shareholders of Metalore Resources (TSE) presented some difficult questions to President George Chilian at the company’s recent annual meeting in Toronto. They were looking for some straight answers a…
Calgary-based Pinegrove Resources (ASE) has become one of the first junior mining companies in Canada to use the federal government’s Immigrant Investor Program to raise funds for a placer gold mine i…
Recent drilling on the Middlemarch property owned by West Pride Industries (VSE) has intersected skarn mineralization which the company believes could extend for hundreds of feet on the Arizona proper…
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
The price of gold bullion remained relatively stable during the week ended Sept. 4 as tensions in the Middle East appeared to have eased somewhat with the release of Western women and children held ho…
Bermuda-based gold producer Osborne and Chappel Goldfields (TSE) has earned a small profit from its 50% owned Los Lilenes bucket- dredging project in Ecuador. Osborne and Chappel reported a profit of …
The major shareholder of Newmont Mining (NYSE) plans to reduce its holdings in the giant mining corporation. English firm Hanson, which through an affiliate owns 49% of Newmont, would lower its intere…
A spokesman for Amax Gold (TSE) recently described the Colorado company’s recent decision to sell its 44% stake in Canamax Resources (TSE) to parent Amax (TSE) as “a non-event.” The sale of 10.4 milli…
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