Metal prices are on the decline but the fall is expected to be relatively gentle, says an economist with Scotiabank. “The correction in metal prices over the next 18 months will be considerably less t…
Price Week’s ($US) Change($) Gold* 363.50 + 1.00 Silver* 5.22 + 0.05 Platinum* 501.25 +15.00 Nickel** 5.85 + 0.25 Lead** 0.29 — 0.01 Copper 1.18 + …
One of mining’s best known personalities plans to donate $1.25 million toward the fundraising drive for the William Pinch mineral collection. Viola MacMillan said she took three weeks to make up he…
Ian McAvity, president of MVP Capital (TSE) faced a withering barrage of quesions from angry shareholders at the company’s annual meeting. Shareholders vented their anger at the meeting, demanding a…
Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…
Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….
A week of mixed trading didn’t seem to hurt the resource stocks, with the mining and minerals index climbing more than 20 pts. The general market portfolio index, by comparison, managed a 2.9-pt gain….
Toronto-based Twin Gold Mines (ASE) is set to begin further exploratory drilling on its Lingman Lake property in northwestern Ontario. This spring the company extended its claims in the area after a g…
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…
Across the bay from this small coastal town which relies on asbestos for much its economic base, mining companies are hoping to come up with a gold mine or two in the years ahead. Most of the area aro…
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
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