News

Despite a strong performance in the gold sector, the Toronto Stock Exchange could manage only a meagre gain during the report period ended Sept. 6. The composite 300 index edged upwards by 13.46 point…

Week’s Price (US) Change Gold* $388.40 + $2.15 Silver* $ 5.51 + $0.15 Platinum* $419.75 + $7.75 Nickel** $ 2.79 $0.00 Lead** $ 0.27 $0.00 Copper $ 1.12 – $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…

Bermuda-based Nelson Trade & Finance (TSE) will acquire Commonwealth & British Minerals, which is involved in a gold-mining joint venture with the Tajikistan government. Nelson already has a 20% stake…

With summer nearly over, expectations are that trading activity may pick up a little steam on western markets. The slump of recent months is a reflection of diminishing investor interest in diamond-re…

London Metal Exchange Spot closing prices in $US per tonne Date Sept.6 Sept.5 Sept.2 Sept.1 Aug.31 Copper 2482-2483 N/A 2490-2491 2498-2499 2499-2500 Lead 604.5-604.5 N/A 604.5-605.5 601.5-602.5 589.5…

An amalgamation has been proposed involving Wiscan Resources (TSE) and Minera Yamana, a private Canadian company. Under the plan, Wiscan shareholders will hold 10% of the combined company, with Yamana…

Drilling on the downdip extension of the Con shear at the Con mine near Yellowknife, N.W.T., has intersected gold mineralization 500 ft. below the deepest workings. Miramar Mining (TSE), owner of the …

A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…

Editor’s note: We conclude the story of the discovery of a celestite (strontium sulphate) deposit in Cape Breton in the 1960s. “R.P.M.” refers to R.P. Mills and “Harry” is J.H. Morgan. Harry asked me …

Metals markets opened in September on a higher note as continued strong physical demand finally sent short sellers running for cover as optimistic investors stormed into most metals. Ignoring the good…

An exploration program is under way at the wholly owned Permit 936 property of Virginia Gold Mines (ME) in the Labrador Trough area of northern Quebec. The company’s newest property acquisition is adj…

Montreal-based junior Freewest Resources (TSE) has agreed to earn a 60% interest in Kinbauri Gold’s Morrisette Creek gold property. The property, consisting of 30 claims northeast of Kirkland Lake, On…