Hailed by some as the most exciting and innovative development in the drilling industry since the introduction of the wire-line core system, the multi- purpose drill rig system is expected to adapt we…
In a week when the Canadian government was offering a 11.5% return on Canada Savings Bonds, it was hardly surprising that equity investors were taking their profits and sheltering their money elsewher…
Mineral prospectors will get help from British Columbia’s $500,000 Prospector’s Assistance and Training program. “These grants help the prospectors of today search for the mines of tomorrow,” said Min…
Gulf Canada Resources has taken the “for sale” sign off the U.S. and Canadian mineral assets of subsidiary Asamera Minerals (TSE). At Asamera’s recent annual meeting in Calgary, Chairman Chuck Shultz …
First-quarter gold production for Placer Dome increased by 46% (TSE) to 337,000 oz., compared with 230,000 oz. in the comparable year-earlier period. New mines not in production a year ago added 120,0…
A handful of junior gold mining stocks managed to shake their lethargy and post modest gains for the week ended May 15. Among the advancing issues was Storimin Explorations which holds a 50% stake in …
With gold prices still hunkered down well below the US$400 threshold, trading activity in Vancouver remained at modest levels with most of action generated by Murray Pezim’s Prime group of companies. …
Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…
The challenges involved in starting several new operations dominated the recent annual meeting of Cominco (TSE). President Robert Hallbauer told shareholders that the company was applying its consider…
Gold producer Cambior (TSE) has reached an agreement to purchase the 50% interest in the Chimo mine it does not own from Societe Miniere Louvem (TSE). Cambior will pay about $6.4 million for Louvem’s …
Daniel Kletter elected vice-president. He also remains president of the company’s Construction Equipment Group.
Improvements at Denison Mines’ (TSE) uranium operations at Elliot Lake, Ont., were offset by a number of other factors including lower oil and gas production during the three months ended March 31. As…
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