A unit of Rio Algom (TSE) recently agreed to purchase all of the outstanding common shares of Uranium Resources (TSE) at US$6.40 per share. The major company already holds about 8% of Uranium Resourc…
The consolidation that has become fashionable lately in the gold industry gathered steam during the week ended June 25, with Royal Oak Resources cutting a deal with dissident shareholders in the Pamou…
The new management team at Dickenson Mines (TSE) has achieved a 40% jump in earnings for the first five months of the year, said Rob McEwen, chairman, president and chief executive officer at the annu…
A recently signed option deal gives Hyder Gold (VSE) the right to earn a 50% interest in the Railway-Zetu Creek property owned by West Pride Industries (VSE). The property is in the north Iskut regio…
The New York closing gold price was $364.70 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
Trading moderately during the week ended June 25, Durga Resources said it is proceeding with exploration on the Chiquita mine property near Sandy Valley, Nev. The first program, which includes mapping…
Although Sikaman Resources (TSE) has concentrated its activities primarily in Ghana in the past, the mining company now intends to shift its focus to North American ventures. The company recently sol…
The president of TerraGold Resources (ASE), G.W. Felderhof, has agreed to purchase the majority of Jascan Resources’ (TSE) holdings in TerraGold. Jascan owns 1.35 million shares, or 71%, of TerraGold…
Damage to surrounding rock masses caused by development and production blasting in mines is the focus of an investigation by S.P. Singh, associate professor at Laurentian University’s School of Engine…
Encouraged by the results from a drilling program at the Sleeping Giant gold property north of Amos, Que., Cambior has approved a further $3.6-million expenditure for underground exploration. The Val …
Following an agreement between NovaGold Resources (TSE) and Kennecott to explore and develop the Sears Lake and Sewell Brook claims in New Brunswick, Costigan Gold (CDN) has agreed to convert its part…
Glen Varty appointed president, chief executive officer and director; Leif Bristow, Elwyn Cathcart and William Bateman appointed directors.
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