Imperial Metals (IPM-T) has begun constructing its 55%-owned Mount Polley gold-copper mine, near Williams Lake in south-central British Columbia.Contracts exceeding $40 million have been awarded for m…
In May 1996, Ego Resources (EGO-T) produced 14,700 lb. of cobalt, up from 7,600 lb. in April. At current spot prices, May’s production had a market value of about US$400,000.The company’s Cobatec coba…
Newly listed Ursa Major International (URSA-C) will explore for copper-gold deposits in Kazakhstan.Indirectly, the company holds a 56.6% interest in four licences covering 4,208 sq. km.The Koktasjal l…
The new joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has outlined an ambitious exploration program for its large land package near Kirkland Lake, Ont.Queenston’s president…
Proceeds of $5.2 million from four private placements will enable Madsen Gold (MGF-T) to reconstruct the former Dona Lake mill in Red Lake, Ont.Madsen may also issue flow-through shares to generate $1…
Based on an independent prefeasibility study, the Loma Hierro deposit in western Cuba, is expected to produce 1.5 million oz. silver annually at a cash cost of US$1.85 per oz.The mine, owned by Holmer…
When markets are hot, scoundrels come out of the woodwork. That is the only way to explain the recent Timbuktu Gold fiasco, a salting scam that lured in unsuspecting investors by conjuring up the roma…
The government of Manitoba has approved eight new exploration projects, totalling $321,000, through an interim offering of the province’s Mineral Exploration Assistance Program (MEAP)..ZExpenditures f…
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A mill is being constructed at the Nugget Pond property at Baie Verte, Nfld.Owner Richmont Mines (RIC-T) expects to reach production in March, thereby boosting its total gold output from Canadian oper…
An agreement has been reached between Homestake Mining (HM-N) and Gold Mines of Kalgoorlie (GMK) over disputed production shares at Western Australia’s Super Pit.GMK has accepted Homestake’s US$51.4 m…
Drilling has expanded the resource at the East Amphi gold project near Malartic, Que.Diamond drilling, conducted in 1995 and 1996 by Placer Dome (PDG-T), has increased the geological resource at East …
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