Weak gold and silver prices are taking a toll on Coeur d’Alene Mines (NYSE), an Idaho-based producer which reported losses for its most recent quarter and for the first nine months of this year. B.Tut…
A letter of intent which has been signed by Minnova (TSE) with Joutel Resources (TSE) will allow the former to earn a 25% interest in one of Joutel’s three polymetallic projects in Cuba. Minnova may e…
The Vancouver Stock Exchange composite and resource indices gained ground during the week ended Dec. 2, after a continuing diamond-related rally. The resource index finished up more than 15 points to …
Ownership of La Reyna copper-gold project in the Mexican state of Sinaloa is being restructured (subject to regulatory approval) to give Aurizon Mines (TSE) a 95% working interest, the company says. T…
A contract to design a restructuring program for the Bolivian state-owned mining company COMBIOL was awarded recently to consulting firm Pinock, Allen & Holt of Colorado. The project, funded by the Wo…
Week’s Price (US) Change Gold* $335.10 + $0.35 Silver* $ 3.76 $0.00 Platinum* $361.50 + $5.25 Nickel** $ 2.53 + $0.06 Lead** $ 0.21 $0.00 Copper $ 0.98 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
A mini-rally in the base metal mining sector resulted in a modest gain for The Toronto Stock Exchange during the week ended Dec. 1. In one of its best performances of the season, the metals and minera…
ALUMINUM: MW U.S. market US52.75-53.75 cents per lb. (Nov. 20, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jul. 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
As a result of weak nickel prices, high inventories, increasing costs and poor market outlook, Falconbridge says it will make further production cuts. Combined with previously announced shutdowns in S…
In concert with the recent acquisition of the Dot copper-oxide property, American Bullion Minerals (VSE) has assigned Zappa Resources (VSE) an option to earn a 50% interest in the property. Zappa can …
A wholly owned subsidiary of Rea Gold (TSE) recently entered an agreement to earn a 50% interest in the Comstock project owned by BMR Gold (TSE). In order to earn the interest, Rea must spend a total …
After two years of engineering and permitting, Glamis Gold (TSE) has received construction and operating permits for the company’s Baltic project. The Baltic project is adjacent to the company’s Yello…
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