News

Encouraged by recent strength in the price of copper, Princeton Mining (TSE) is considering reopening its Similco mine near Princeton, B.C. Operations were suspended last fall as a result of the then-…

Global demand for silver exceeded supply for the fourth consecutive year in 1993 and the trend is expected to continue in 1994, The Silver Institute predicts. In its World Silver Survey, 1994, the Was…

London Metal Exchange Spot closing prices in $US per tonne Date June 7 June 6 June 3 June 2 June 1 Copper 2259-2261 2234-2235 2231-2232 2220-2221 2213-2214 Lead 499-499.5 499.5-500.5 506.5-507 501-503…

Toronto-listed Great Lakes Minerals can acquire a second gold property near Mocorito in Mexico’s Sinaloa state. The project, known as Palmarito, covers 832 hectares and hosts a past-producing gold-sil…

Junior Glencairn Explorations (ASE) has completed an airborne geophysical survey on its Copper Chasse property in northern Quebec. The survey was designed to define the extent of the Main zone, which …

The Geological Survey of Canada (GSC) is assuming an active role in the northeastern Alberta exploration play that has attracted such companies as Lac Minerals (TSE), Tintina (TSE), NSR Resources (TSE…

Shareholders received encouraging news at the annual meeting of Rayrock Yellowknife Resources (TSE). Fiscal 1993 marked the 18th consecutive year of profitability, with more than $8 million having bee…

Toronto-listed Northfield Minerals can earn a half interest in a 1,000-acre property in western Utah. Known as the Clifton claims, the property contains a gold-silver vein system running up to 70 ft. …

An independent feasibility study commissioned by MK Gold estimates US$128 million will be required to develop a mine and mill at the Jerooy gold project in Kyrghyzstan. The company and Kyrghyzstanian …

Joint-venture partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) are reviewing plans to consolidate the ownership of their Carmacks copper project in the Yukon. Western had agreed to…

Saskatoon, Sask.-based Cameco is a uranium company, and as such its prospects are tied to the future of nuclear power. About 17% of the world’s electrical needs are met by nuclear reactors. Forecasts …

During the course of 20-plus years in the stock market, I have been involved with good ones (stocks) and bad ones. In the instance of International Platinum (IPC), what is out of the ordinary is that …