Toronto-based Denison Mines (TSE) says it is cutting its Elliot Lake, Ont., workforce by 450 and trimming uranium production by about 37% to keep the operation economically viable. Scheduled to be com…
Exploration of the Dream property owned by International Curator Resources (VSE) will continue this summer with Placer U.S., a unit of Placer Dome (TSE), planning a $500,000 program. Placer is earning…
Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 HIGH LOW Composite “300” 3678.46 3667.46 3701.40 3704.91 3735.84 4009.47 3649.49 Metals & Minerals 3170.65 3156.16 3178.21 3176.74 3226.84 3453.05 2921.03 Integ…
The Minnesota government has given notice that it will auction off leases to prospect for and mine metallic minerals on several state- owned properties in northern Minnesota. The sale, affecting eight…
Gold analysts are calling last week’s unexpected US$23 tumble in the price of bullion a “short- term aberration” caused by a single gold sale in Europe and other significant sales by investors in Toky…
Placer Dome (TSE) has increased its interest in Cazador Explorations (VSE) to about 18% through the purchase of 220,000 additional units for $121,000. The funds will be used for geological mapping, pr…
Further to the company’s move away from placer mining, Queenstake Resources (TSE) has acquired a number of claim blocks in Pershing Cty., Nev., which include the Snowsquall and Doc properties. As a re…
Two new Canadian magnesium plants are in the startup phase. Norsk Hydro began a small-scale test operation toward the end of last year at its Becancour, Que., facility; full capacity of 40,000 tons pe…
Efforts to rescue Belmoral Mines (TSE) from its financial troubles were continuing as the company revealed recently it had lost $34.5 million (91 cents per share) during the year ended Dec. 31. While …
Representatives of about 177 hourly wage employees at American Barrick Resources’ (TSE) Holt-McDermott gold mine near Kirkland Lake, Ont., will meet this month to negotiate their first contract as a u…
An already nervous investment community was dealt a severe blow for the week ended March 27 when the gold price fell US$29 per oz. to a low of $362. While the yellow metal rebounded to US$372 on the s…
An independent valuation and fairness opinion of a deal involving three Muscocho group companies, two new producing gold mines in northern Ontario and Echo Bay Mines (TSE) concludes the proposed trans…
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