News

An option agreement with two local prospectors gives Band-Ore Resources (BAN-T) the right to earn a 75% interest in a newly staked property 120 km southwest of Thunder Bay, Ont.Band-Ore will earn its …

The Toronto Stock Exchange 300 index gained a modest 20.35 points in the report period Jan. 27-Feb. 2 to close the week at 6,683.78.Buoyed by stronger gold and silver prices, the gold and precious met…

Ashanti Goldfields (ASL-N) surpassed all its production and cost targets for 1998 on the strength of a banner fourth quarter.The company racked up 1.55 million oz. in gold production for the year (a 3…

Asarco (AR-N) declared a net loss for the fourth quarter of 1998 as a result of low copper prices.After non-recurring items, the company lost US$68.7 million (or $1.73 per share), compared with net ea…

Ongoing feasibility and optimization studies at the Diavik diamond project in the Northwest Territories have led to a change in the proposed mining sequence of the kimberlite pipes.Situated 300 km nor…

Dozens of staking crews are busy blazing claim lines through the spruce stands of the Lac Evans area, east of the James Bay highway in northwestern Quebec, on the heels of the recent nickel discovery …

Teck (TEK-T) will form joint ventures with General Minerals (GNM-T) on three copper projects in central Chile.The Vancouver-based major can earn a 60% interest in General Minerals’ Productura copper-g…

With the Kubaka gold mine in Far Eastern Russia now its star performer, Kinross Gold (K-T) is continuing efforts to improve efficiencies at its other mines around the world.As part of this effort, Kin…

It was inevitable and overdue, yet it is impossible not to sympathize with the 1,000 coal miners who will lose their jobs when the Canadian government finally pulls the plug on Cape Breton Development…