Open pit mining is now under way on the copper zone at the Murray Brook mine in New Brunswick, reports owner NovaGold Resources (TSE). The company will ship its first load of copper concentrate to Fal…
A purchase agreement that gives Wharf Resources (TSE) a 60% interest in the Golden Reward gold mine near Lead, S.D., for US$21.3 million is complete. Under a new partnership with MinVen Gold (TSE), Wh…
Having completed mill tests on 6,000 tons of ore to confirm grade and recovery, Deak Resources (TSE) says it will exercise its option to acquire the Astoria deposit in northwestern Quebec from Yorbeau…
Unable to buy coal from the closed Westray mine at Plymouth, N.S., provincial utility Nova Scotia Power Corp. will purchase an additional 300,000 tonnes coal from Cape Breton Development Corp. (Devco)…
Under an offer to repurchase its debentures, Northgate Exploration (TSE) announced that $11,553,000 (84%) of its 7% convertible subordinated debentures have been tendered. Under the offer, Northgate p…
Ontario Hydro, that giant Crown-owned utility, is creating quite a headache and dilemma for Falconbridge Ltd., its largest buyer of industrial electricity. The big mining firm, suffering from what it …
Prime Minister Brian Mulroney should immediately stop his hysterical blustering over the consequences of a “No” vote to his proposed constitutional amendments. An overwhelming majority of Canadians wa…
Through a 50% owned subsidiary, Red Rock Mining (NASDAQ) is continuing to develop the Amelia gold project located near Magdalena in Sonora State, Mexico. The property adjoins the Gertrudis gold projec…
A drilling program is under way at the Castle Copper property in Arizona’s Yavapai Cty. about 50 miles northwest of Phoenix, Orcana Resources (VSE) reports. The company describes the deposit as having…
A field program was recently completed by Minnova (TSE) on the Gataga properties adjacent to the Stronsay project in the Kechika Trough barite-lead-zinc-silver district of northeastern British Columbi…
Oct.13 Oct.12 Oct.9 Oct.8 Oct.7 High Low Composite”300″3214.85 N/A 3218.49 3215.36 3229.49 4009.47 3009.91 Metals&Minerals 2643.36 N/A 2650.40 2637.92 2683.71 3453.06 2502.63 Integrated Mines2718.39 N…
The price of gold fell more than $6 to the US$344-per-oz. level during our report period ended Oct. 13. This decline, coupled with media coverage of a recent article in The Observer (a respected Londo…
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