News

Vancouver-based Ivanhoe Capital, the private management firm controlled by mine developer Robert Friedland, is set to take control of Toronto-based South American Goldfields (TSE) in a deal that will …

A 1,500-metre drilling program is under way on the Lakewater property of Varitech Resources (VSE), Tymar Resources (TSE) and Akiko-Lori Gold Resources (VSE) in the Eskay Creek area of northwestern Bri…

The problem with government assistance for commercial ventures is that taxpayers usually end up footing the bill for an enterprise that simply wasn’t good enough for conventional backers. A recent loa…

The board of directors of small gold producer St Andrew Goldfields (TSE) leaves no doubt as to how its members feel about the long-term outlook for gold: positive. “Massive deficits persist in the U.S…

Week’s Price (US) Change Gold* $389.10 — $20.90 Silver* $4.86 — $0.26 Platinum* $488.25 — $12.00 Nickel** $4.99 — $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.00 Zinc– $0.75 + $0.02 Courtesy of…

More than 550 delegates representing 55 countries attended the eighth symposium of the International Association on the Genesis of Ore Deposits (IAGOD) here Aug. 12-18, the first time the event has be…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 28 August 27 August 24 August 23 August 22 Copper 1532-1534 — 1525-1527 1506…

A “best efforts agreement” has been entered into by Acquisitor Mines (VSE) with Montreal brokerage firm Brault, Guy, O’Brien for an offering to Quebec investors only. The offering, subject to regulato…

Toronto-based Curragh Resources (TSE) is close to finalizing a $125-million long-term financing package designed to offset debts acquired as Curragh completed the acquisition last year of a 20% stake …

Ross Hofmann, chairman and majority shareholder of little- known Teddy Bear Valley Mines (COATS), likes to tell the story of how he became a member of the Gold Plugged Drill Bit Society. Hofmann, 70, …

Rising gold prices aren’t likely to affect Canamax Resources’ (TSE) recent decision to shut down its Ketza River and Kremzar mines, says Udo von Doehren, the company’s vice-president of finance. While…

Trading volume during most of the week was in the range of 4.9-6.1 million shares. The general market portfolio index dropped by 39.6 points and the mining and minerals index fell by 86.8 points. At t…