A feasibility study of the Pend Oreille base metal mine in Washington state concludes that RFC Resource Finance (TSE) can profitably develop the Yellowhead zone at a zinc price of US55 per lb. Diluted…
Montreal-listed Mazarin Mining has subscribed to half of a $1.5-million private financing to be completed by Dufresnoy Industrial Minerals (ME). Marazin will obtain 1.4 million units at 55 cents each …
Exploration is under way at the Meliadine gold project, 9 miles north of Rankin Inlet, N.W.T. Partners Cumberland Resources (VSE) and Comstate Resources (TSE) are planning a 3-phase program of ground …
We don’t pretend to be economists, but we do feel confident in possessing a rudimentary grasp of the major tenets of modern-day economics. We know, for example, that the modern government penchant for…
Denver-based Golden Star Resources (TSE) and its Venezuelan partner, BPC, have entered an agreement to earn a 60% interest in the Increible 6 and Valle Hondo group of properties. The vendor is the Inv…
Despite a 5% drop in production at its two gold mines, Hemlo Gold Mines (TSE) managed to increase earnings in the first quarter, compared with the same period a year ago. Combined production from the …
In the first quarter, Battle Mountain Gold (NYSE) had a consolidated net income of US$2.8 million on revenues of US$52.8 million. This compares with a net loss of US$3.2 million on revenues of US$60 m…
A sentencing hearing has been scheduled for May 31 to deal with the conviction of Noranda Minerals on three violations of the Occupational Health and Safety Act. The conviction stems from a 1991 fatal…
The largest concentration of refined gold lies in the vault of the Federal Reserve Bank of New York (FRBNY). It is held there in safekeeping mainly for foreign monetary institutions which make extensi…
Favorable exchange rates, improved lead prices and positive adjustments to year-end inventories more than offset weaker prices for zinc and copper, enabling Brunswick Mining and Smelting (TSE) to earn…
Despite severe weather at its operations in Ingersoll, Ont., and Luttrell, Tenn., Global Stone (TSE) managed to post earnings for the three months ended March 31. Net income for the period was $627,00…
The Colorado-Wyoming kimberlite province in the western U.S. includes more than 100 kimberlite intrusives, one of the largest lamproite fields in the world, and dozens of unexplored geophysical, remot…
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