News

The fallout continues from the restructuring of Germany’s giant resource conglomerate Metallgesellschaft (MG). Rumors circulated this week that MG plans to sell its 50.1% interest in Canadian subsidia…

Brunswick Mining and Smelting (TSE) has laid off 32 hourly rated employees and 26 staff members at its base metals mine in Bathurst, N.B. Forty-six employees had already left the company voluntarily. …

First, my old car of 11 years had to have an oil change, a new oil filter and gas fuel line. Then a train schedule had to be consulted to plan departure dates. Maps, mainly geological, had to be readi…

Pending completion of the required financing, Rea Gold (TSE) plans to proceed with the development of the Mount Hamilton gold project in eastern Nevada. In completing a due diligence review, Rea has c…

With various mining assets, cash in the bank and two new projects coming on stream this year, Teck (TSE) appears well positioned to reap the benefits of projected improvements in the gold and base met…

London Metal Exchange Spot closing prices in $US per tonne Date Jan. 18 Jan. 17 Jan. 14 Jan. 13 Jan. 12 Copper 1829-1830 1830-1831 1806-1807 1700-1761 1778-1779 Lead 496-497 496-497 496-497 483-484 47…

The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index rose for the first time since July. Prices for nickel, lead, zinc, potash and precious metals rose in November, more …

M. Patrick named director, human resources, for South America.

Phillip Walford appointed director and vice-president, exploration.

Sales of the American Eagle gold coins totaled 514,000 oz. in 1993, up 34% from the previous year, the United States Mint reports. The coins were first offered in 1986. Since then, more than 7 million…

Phillips Baker appointed vice-president, finance and chief financial officer.

John Breen appointed unit manager of the Coeur and Galena silver mines; David Young appointed manager of the Troy silver-copper mine; Sidney Lloyd appointed unit manager of the Leadville silver-lead-z…