News

Unionized workers at the Gaspe Mines division of Noranda Minerals voted recently to accept a new 3-year contract after going on strike for two weeks. The 440 union members voted 58% in favor. The work…

While exploration and development are declining in many parts of British Columbia, the region surrounding the historic mining town of Stewart, B.C., is anything but quiet. The mineral-rich district is…

Strong base metal markets, particularly for nickel and copper, have helped a syndicate of underwriters float one of the largest Canadian equity issues of all time. A prospectus for almost 72 million s…

Toronto-based Altai Resources (TSE) is expanding its search for international projects. The junior already has prospects in Canada, the U.S., Guyana, Peru and Ghana — and at the recent annual meeting…

Exploration will begin in mid-July on the Zo lead-zinc-gold-silver property in the Tulsequah region of northwestern British Columbia. The property, owned by Firesteel Resources (ASE), has not been dri…

After deciding earlier this year to shelve the Izok Lake base metal project in the Northwest Territories, Metall Mining (TSE) has given the go-ahead for development of a gold project in northwestern Q…

Toronto-based Minefinders (VSE) will not proceed with the previously announced “best efforts” private placement through Canaccord of 500,000 units at $4.20 per unit. The junior says it is well funded …

Shares of Canmine Resources have begun trading on the Alberta Stock Exchange, having been previously listed on the Canadian Dealing Network. Later this month, Canmine hopes to drill a new target on it…

The Africa Emerging Markets Fund is expected to be fully invested by the end of 1994. The fund, which will invest primarily in equity and equity-related securities, was created during the second half …

CDN-listed Gregor Goldfields is stripping and drilling, on 245-ft. centres, a gold-mineralized structure in the Hemlo area of northern Ontario. The company has confirmed a “tectonic deformation zone” …

Montreal-based Cambior (TSE) can earn a half interest in Golden Star Resources’ (TSE) Gross Rosebel gold property in Suriname. The property, 80 km south of Paramaribo on the coast, comprises 170 sq. k…

Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…