Government-owned mining company Cameco says it has agreed to sell one-third of its 100% stake in the Rabbit Lake uranium mining operation to Uranerz Exploration for $160 million. Situated in northern …
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 137.50 125.40 127.40 + 11.05 May 125.00 121.50 124.85 + 12.60 Jun 120.50 120.50 120.35 SILVER (in US cents pe…
A group of geoscientists is drafting a plan which would allow geoscientists in Ontario to register as professionals. The committee, chaired by consulting geologist Bill Pearson, was formed as a result…
Initial commercial production at the Jolu mine in January, 1989, and a full year of production at the Silver City operation have increased earnings for International Mahogany (TSE). The company report…
With the Jolu mine in Saskatchewan and the Silver City heap leach operation in Utah both at the production stage, International Mahogany (TSE) has decided to concentrate its development efforts elsewh…
An Ontario Securities Commission tribunal recently imposed a number of trading restrictions on Terence Coughlan, former Seabright Resources president. But the OSC has yet to resolve any of the allegat…
European investors have bitten off a chunk of Coral Gold (TSE) through the private placement of 950,000 shares at $2.05 per share. Net proceeds, after paying a finder’s fee of $129,875 to European fin…
The Homestake mine near Lead, S.D., has produced close to 36 million oz. gold from almost continuous operations since the start of production in the late 1870s. It is small wonder then that owner Home…
Reserves at the Hanson Lake project in northeastern Saskatchewan may increase by as much as 30-45%, based on recent results from ongoing drilling by partners Cameco and Trimin Resources (TSE). Two of …
A.C.A. Howe International has recommended a $1-million program of detailed mapping and about 20,000 ft. of drilling on a base metals property 11 km from Great Slave Lake, N.W.T. The ground has been op…
Increased gold production from Orofino Resources’ (TSE) Scadding project near Sudbury, Ont., couldn’t prevent the Toronto-based company from having to break out the red ink. Orofino reported a net los…
While a number of the newer gold mines in this country have been falling short of expectations, Agnico-Eagle’s (TSE) Donald J. Laronde mine in Quebec’s Bousquet area, now owned outright following the …
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