News

Michael Bates appointed president, Lac North America.

John Azlant elected senior vice-president, corporate development.

J. Potvin appointed director.

Cambior — 5.5 million units @ $20.65. MSV Resources — 4.1 million Cl A shs issuable upon the exercise of special wts @ $2.20 per special wt. Summit Resources — 2,000,000 shs to be issued upon exerc…

Gold Funds as of Dec. 14 BGR Central Net Value $15.63 $6.40 Price $14.50 $6.750 Premium 5.5% Discount 7.24% Value $87,561,000 $122,170,275…

Lyndex Explorations (CDN) will soon begin metallurgical testing of samples from a gold property in Europe. The program, intended to verify previous results, will operate in conjunction with on-going b…

Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…

The so-called “underground economy” is estimated to be about one-fifth the size of its legitimate counterpart. Considering that the average Canadian pays 45% of his or her salary in various taxes (inc…

On Dec. 3, the Resident Geologist’s office in Wawa became a historical artifact of the Ontario Ministry of Northern Development and Mines. In spite of the valuable contribution it was making to explor…

Nickel miner Inco was one of three recipients of the first International Great Blue Heron Award from the North American Waterfowl Management Plan. The award, for outstanding contribution to conservati…

A writer in Victoria, B.C., is planning a book about women who have lived in Canada’s North. “There are many women I have encountered who have unusual and interesting stories and experiences to tell a…

A US$8.75 runup in the price of the yellow metal over the course of the report week pushed the senior gold equities higher once again. Typical of the gold group were American Barrick, up $1.50 to just…