Since the mid-summer, gold prices have surged back towards the 7-year highs of US$389 per oz., set in February of this year. Indeed, the afternoon fix on Sept 9. actually surpassed the February high (…
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay existing notes.Net proceeds are mainly earmarked for US$300 million worth of existing…
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
James Harquail, an exploration geologist and mining engineer who worked with renowned prospectors Thayer Lindsley and Duncan Derry, has died. He was 80.A native of Campbellton, N.B., Harquail earned h…
An option to earn a majority interest has Pilagold (Pri-V) reassessing the historic San Ramon mining camp for its oxide potential.Situated in south-central Nicaragua, San Ramon hosts numerous low-sulp…
Precious MetalsPrice (US$/oz.)ChangeGold$373.65-2.55Silver$4.94+0.10Platinum$730.00+8.00P…
TORONTO STOCK EXCHANGEThe recent spat of record-breaking continued through the Oct. 8-14 report period, with some issues achieving the milestone on significant percentage gains.Junior Corriente Resour…
TSX VENTURE EXCHANGEVancouver — Canada’s junior exchange surged to a new all-time high over the week ended Oct. 14. The S&P-TSX Venture Exchange composite index rocketed 36.64 points, or 2.6%, to clo…
High-grade intersections are reported from the first four holes of a recently doubled, 10,000-metre program of definition drilling on Holmer Gold Mines’ (HGM-V) Timmins property.Highlights include the…
The 60th annual conference of mines ministers was recently held in Halifax, N.S. The mining industry was represented by the Mining Association of Canada (MAC), the Prospectors & Developers Association…
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7Al Alloy1410/1405…
Jilbey Gold Exploration (JLB-V) has begun drilling at its Taranga gold permit in Burkina Faso.The property, which covers 240 sq. km of the Bouroum-Yalogo greenstone belt, was acquired earlier this yea…
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