American Gem (TSE) has completed a $7.3-million Euroequity offering. The placement, consisting of 1.5 million shares at $4.88 per share, was arranged by IBK Capital, a Toronto-based investment banking…
Surface and underground drilling by Hendricks Minerals (CDN) continues to intersect shallow, low-grade mineralization over broad widths at the Cross Lake gold-silver project in Colorado. To date, two …
Fueled by increases in base metal prices, the Toronto Stock Exchange 300 composite index gained just over 100 points to close at 4,269.15 for the week ended May 17. The mines and metals subgroup, lead…
Finnish conglomerate Outokumpu Mines plans to earn a 55% interest in the San Carlos property from Orcana Resources (VSE). The property is situated in Mexico’s Sonora state, and Outokumpu can earn the …
A surge in major markets in central Canada failed to spill over into western markets during the report period ended May 17. The Vancouver Stock Exchange composite index recorded a 16.51-point drop to …
Composite “300” 4269.15 4208.28 4175.35 4162.52 4168.21 4609.93 3518.31 Metals & Mnls 3702.03 3619.61 3528.10 3457.06 3455.34 3879.59 3273.56 Integrated Mines3911.28 3812.68 3693.87 3609.09 3603.38 40…
Improvements at two Nevada gold mines have helped Echo Bay (TSE) post exceptionally strong first-quarter results. The company produced a total of 253,218 oz. gold — a new record, up 31% from the prev…
First-quarter results are encouraging for MSV Resources. The Montreal-listed company managed to crank out 12,970 oz. gold, almost 3 million lb. copper and almost 15,000 oz. silver. This led to earning…
A proposed amalgamation of Gitennes Explorations (TSE) with two Vancouver-listed juniors, Kenrich Mining and Ambergate Explorations, will not proceed. Kenneth Trociuk, president of both Kenrich and Am…
An agreement-in-principle has enabled privately owned Santa Elina Gold to gain control of Arauco Resources (VSE). Santa Elina, a medium-size gold producer with holdings in Brazil and Bolivia, reached …
In Tanzania, Bakertalc (ME) has acquired a 90% interest in the Lupa gold property from Tanzania Diamond Mines. It can also acquire that company’s interests in other gold and diamond properties. Bakert…
Initial results from 5,000 ft. of drilling on the Buffalo Valley project in Nevada are confirming the presence of gold mineralization along the Front Fault. Fairmile Acquisitions (VSE), which can acqu…
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