News

An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…

ONTARIO Tri Link Res — 1,800,000 Cl A com offered @ $4.20 per sh to net $7,106,400. VANCOUVER Rinsey Mines — 650,000 offered @ 45 cents per sh. Royce Ind — 700,000 sold for gross $245,000. Woodridg…

Belmoral Mines (TSE) will put all of its cash flow into the Val d’Or gold operations, Gordon Strasser, the new chief executive officer of Belmoral, told shareholders at the company’s annual meeting. “…

Shareholders and analysts who attended the recent Toronto annual meeting of Canamax Resources (TSE) were reminded of how much the mining industry has changed in the past couple of years. Only two year…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 117.40 113.60 117.10 + 2.10 July 113.80 110.20 113.10 + 0.60 Aug 110.60 108.60 110.50 + 1.20 SILVER (in US c…

A strike marked by violence at the Dome mine operated by Placer Dome (TSE) has put a spotlight on a question few want discussed: Is this mining city of 47,000 facing an economic disaster? A Dome secur…

Share prices of Aur Resources (TSE) and Societe Miniere Louvem (TSE) climbed sharply after the results of infill drilling were released from the Louvicourt Twp. massive sulphide project, east of Val d…

An Agnico-Eagle Mines (TSE) shareholder was claiming victory recently after the company elected not to proceed with a public offering to raise $40 million for exploration at its properties. Jacques Fo…

A new high-grade zinc zone has been discovered by 50/50 partners VSM Exploration (ME) and Serem-Quebec on their Grevet base metal property, about 40 km northeast of Quevillon, Que. Located in an area …

Denison Mines’ (TSE) chief executive Helen Roman-Barber said the company “has not put its interests in Quintette Coal or Denison-Potacan Potash up for sale,” in response to media reports circulated la…

Drilling will resume shortly on the Goodfish gold property near Kirkland Lake, Ont., according to owner Glencairn Explorations (ASE). The drilling program will focus on the A zone, which returned an u…

Based on 175 holes, Santa Fe Pacific Minerals says it has outlined in-place reserves of more than two million ounces of gold at the Lone Tree project in Nevada. The company is a unit of Santa Fe South…