Calgary-based Borealis Exploration (ASE) says it plans to form a new subsidiary before bringing its Fat Lake gold project into production next year. To be named Borealis Fat Lake Mine Ltd., the new en…
The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
Drilling is continuing on the Roxy zone where several drill holes have intersected high grade gold values across wide widths, Golden Rule Resources (TSE) says. Operated by Saskatchewan Mining Developm…
Developing mineral resources is a tricky business. It depends a great deal on government policy, not so much because of what governments can make happen but for what they can prevent from happening. C…
A reverse circulation drill program is being planned by joint venture partners, Brican Resources (VSE) and Bow Valley Mining to test a large zone of gold mineralization recently discovered on the 8,00…
The Hemlo camp located along the northern shore of Lake Superior in northern Ontario is probably as well known today for the legal squabbles it has engendered as it is for the gold it contains. Supp…
Already well established in the Kirkland Lake camp of Ont., Newfields Minerals (TSE), recently added two gold projects in Eastern Canada to its property portfolio. That’s in addition to a deal made ea…
A decline in the price of industrial metals helped bring the Scotiabank’s all-commodity price index down by 8.2% in July compared with the previous month. Senior bank economist Patricia Mohr said the …
Production problems at Hudson Bay Mining and Smelting’s (TSE) Flin Flon, Man., copper smelter and zinc plant have hit the company were it hurts most — on the bottom line. Second-quarter net income of…
Drilling on the Leckie property has increased reserves to 193,000 tons grading 0.215 oz gold per ton, Stroud Resources (TSE) reports. Partner Exador Resources (TSE) is earning a 30% interest in the pr…
A. L. Parres, president of Nor- Acme Gold Mines (TSE), has agreed to sell his shareholdings in the company to High River Resources (VSE) of Vancouver, the company said recently. Parres currently holds…
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