The already frosty relations between Aur Resources (TSE) and Societe Miniere Louvem (TSE) are expected to get a shade cooler following news that Aur has launched a second lawsuit against its Quebec- b…
A bid by Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) to develop the Quebrada Blanca copper deposit in northern Chile was recently accepted by ENAMI, a Chilean governmen…
Hemlo Gold this week acquired an additional 486,600 shares of Central Crude at an undisclosed price through a private purchase agreement with an unspecified seller. Shares of Central Crude have traded…
Week’s Price (US) Change Gold*$366.80–$0.80 Silver*$5.23–$0.01 Platinum*$485.35–$2.65 Nickel**$5.65–$0.34 Lead**$0.32+$0.00 Copper$1.31+$0.05 Zinc$0.88+$0.05 Courtesy of Scotiabank. Information…
A confrontation over interprovincial jurisdiction on environmental matters relating to a proposed gold mine at Shoal Lake, Ont., is certain to be one of the issues raised at a mines ministers’ confere…
Higher base metal prices, increased sales volumes and continued productivity improvements contributed to a substantial increase in gross revenues and profits for the British Columbia mining industry i…
Market action heated up this summer following news of the discovery of a massive sulphide copper-zinc discovery by Aur Resources and Societe Miniere Louvem near Val d’Or, Que. Now the scene has shifte…
Delays in reaching full production at the Namew Lake nickel mine in northern Manitoba will result in lower than expected nickel output from the mine this year. The Namew Lake mine is 60%- owned by Hud…
Recently adding to its gold interests in Ghana, West Africa, was Sikaman Gold Resources (TSE). The Toronto-based company reports the government of Ghana has assigned rights of the Abosso mine, a forme…
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) has completed a $6.5-million underground exploration program on the former producing Snow Lake gold mine near Snow Lake, Man. Held under option f…
Full commissioning of the Choquelimpie gold-silver mine in northern Chile has been achieved by partners Westfield Minerals (TSE) (35%), Shell Chile (42%) and Citibank N.A. (23%). By the end of the sec…
The proposed amalgamation of junior company Wrightbar Mines (ME) with Belmoral Mines (TSE) appears to have entered troubled waters. Wrightbar reports three of the company’s five directors have indicat…
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