A joint-venture agreement has been entered into by Gunnar Gold and Mill City Gold with Tyranex Gold on the Tyranite Mines’ gold property in Tyrrell and Knight Twps. in the Matachewan area of northern …
Resource issues, benefiting from gold prices pushed higher by fears of inflation and the uncertainty of events in the Persian Gulf, continue to fuel active trading on the Vancouver market. MacMillan E…
An agreement has been entered into between Forbex Mining Resources and Brex Exploration whereby the latter may acquire up to a 50% interest in the Lake Fortune West property in Dasserat Twp. in northw…
Pine Point Mines, which lost $9.8 million in the first half last year, has completely reversed its fortunes in the similar period this year, with reported net earnings of $10.8 million. The profit thi…
Regina-based Thyssen Mining Construction of Canada has been awarded a contract to commence the Phase II decline development on Vista Mines’ Rio project. A total of four Canadian companies submitted bi…
Out of 24 world regions, 11 will be in the declining stage of the steel demand life cycle, four will have reached maturity, eight will be in a growth period and only one will be in the introduction ph…
Mineral Resources International has completed the issue of $24,450,000 of 6.75% convertible subordinated debentures by way of private placement through Sprott Securities. The debentures have a 10-year…
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…
Canadian United Minerals has optioned 75 sq km of ground adjoining the La Fosse Platinum concessions in the Labrador Trough of Quebec. The trough is a 160-mile-long belt of favorable ultramafic rocks …
Selling shares in a subsidiary boosted Cominco Ltd.’s consolidated earnings for the six months ended June 30 to $19.5 million. An extraordinary gain of $17 million was realized from the sale of shares…
I would like to respond to comments contained in a letter from Henrik Thalenhorst of the Prospectors and Developers Association which you published July 6. As Energy, Mines and Resources Canada takes …
Troubled times do funny things to precious metals prices and major currencies. The price of gold, hovering in the $440-$450(US) range only a few weeks ago, crept up to the $470-$480 level this week be…
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