Representatives of about 177 hourly wage employees at American Barrick Resources’ (TSE) Holt-McDermott gold mine near Kirkland Lake, Ont., will meet this month to negotiate their first contract as a u…
An already nervous investment community was dealt a severe blow for the week ended March 27 when the gold price fell US$29 per oz. to a low of $362. While the yellow metal rebounded to US$372 on the s…
In the 1930s, there were three producing mines in the Bridge River area. The Union Brass pulled a long strike. When the dust settled, one mine reopened on a partial basis. There was no unemployment in…
Diamond Drill Bits New diamond drill bits from Utah-based Christensen Mining Products increase footage per bit by 15% to 20%, the company says. These “gold” bits, as they are called, combine friable d…
An independent valuation and fairness opinion of a deal involving three Muscocho group companies, two new producing gold mines in northern Ontario and Echo Bay Mines (TSE) concludes the proposed trans…
Visible gold was intersected in an exploration crosscut being driven north from the 2,050-ft. level at the shaft, Armistice Resources (ME) reports from its gold property at Virginiatown, Ont. The gold…
Cameco, the Saskatchewan uranium producer, recently had its knuckles rapped for spilling radioactive waste at the Rabbit Lake mine. In late December, 1.9 million litres of radioactive water spilled fr…
There is no hope of a uranium price recovery this decade, Greenpeace International predicts. The environmental group recently released a report in Australia entitled “Uranium Demand, Supply and Prices…
Toronto-based Conwest Exploration (TSE) says the terms of a proposed merger with its two subsidiaries Mineral Resources International (TSE) and Barons Oil (TSE) have been unanimously approved by the b…
Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…
Gold’s plunge on March 26 from the US$490 level to the $US366 level emphasizes its potential volatility, the lack of solid trading statistics and, if we are to believe the some of the rumors, the rela…
Not much has changed here in at least the past 10 years, and it certainly doesn’t look like a boom town. Nevertheless, Levack, Ont. is the hot-bed of mine building in Canada today. More money is being…
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