News

A planned private placement of 770,000 shares at 65 cents each will give Teck (TSE) an initial 15.5% holding in Northern Crown Mines (VSE). The placement includes warrants to purchase an additional 95…

Although a number of companies did manage to bring new mining projects in the U.S. into operation during the year, numerous others continue to face delays in receiving environmental permits. Atlas (NY…

A wealth of geological knowledge is stored across the province in eight Ontario government drill core libraries. The facilities are much like regular libraries, but instead of books, they contain diam…

It’s hard to believe there could be a connection between intercontinental ballistic missiles and hard-rock mining. But there is. The Cold War era saw an unprecedented amount of effort and hard cash di…

Looking back over 1992, one is reminded of the potential for spectacular gains on western markets. The Vancouver Stock Exchange resource index posted an almost 50% increase to 667.08 points by the end…

Surface geophysical work at the Trendline property owned by Cathedral Gold (TSE) outlined a deep target which the company plans to drill test this month. Cathedral staked the 1,900-acre property earli…

Week’s Price (US) Change Gold* $332.30 – $0.20 Silver* $ 3.66 – $0.04 Platinum* $356.50 – $3.00 Nickel** $ 2.64 $0.00 Lead** $ 0.21 $0.00 Copper $ 1.03 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…

Strike Minerals (CDN) has purchased one dozen 16-claim units covering 7,680 acres in Amyot, Browning, Ogilvie and Sheard twps., 10 miles southwest of Shining Tree, Ont. Strike says it acquired the gro…

A grassroots mining campaign from northern Ontario captured the attention of many in 1992, and in particular that of the provincial government. Premier Bob Rae, Mines Minister Shelley Martel and other…

BGR Central Net Value $7.95 $5.04 Price $6.25 $4.50 Discount 21.42% 10.7% Value $45,301,000 $75,709,350.

No new greenfield copper smelters, including those currently planned or under construction, are required in the Western World until the end of the 1990s, according to a recent report prepared by Briti…

If the economic recovery does not gather more momentum in 1993, it appears unlikely that base metal prices will show much improvement over their depressed 1992 levels. After sharp drops in October and…