A legal fight has broken out over the sale last year by Noranda Inc. of about 1.5 million shares of Dumagami Mines to Agnico-Eagle Mines. At the centre of the dispute is a gold property consisting of …
Gold production from the Sleeper mine in Nevada is expected to be 158,000 oz this year, up 12,000 oz from previous forecasts, Amax Gold reports. The latest forecast is based on additional heap-leach p…
Wharf Resources reports net income for the first nine months at $4.144 million(US) or 29 cents per share (38 cents C) after preferred share dividends, compared to $1.273 million or 13 cents per share…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 10 Nov. 9 Nov. 6 Nov. 5 Nov. 4 Copper 1405-1410 1330-1335 1340-1345 1240-1250 1219-1221 Lead …
The mining industry is not one that receives a great deal of attention from the general public. It receives even less applause. We in the industry are well aware of the contribution mining makes to so…
A stripping program has been completed on the Saganaga Lake property owned by Wye Resources. Located 140 km west of Thunder Bay, Ont., the property covers several gold showings associated with quartz-…
An exploration program is in progress on ground held by Villeneuve Resources in the Mishibishu Lake area. Located west of Wawa, Ont., the property is believed to host geology similar to that occurring…
As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…
A major mining development project has been announced by Inco Ltd. for its underground nickel-mining operations at Thompson, Man. The project, valued at $26.9 million, involves development of the 1-C …
Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…
Northwest British Columbia is a vast area with significant mineral potential. Having examined this region on a variety of occasions over the past 10-15 years, the provincial government has noted that …
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …
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