The government of Newfoundland has agreed to buy $20 million of the external debt of Baie Verte Mines, a wholly owned subsidiary of Cliff Resources (TSE), for 20 million redeemable preference shares. …
Investors seemed to have had their minds on other matters during the holiday season, with daily volumes ranging between a feeble 2.3 million and 3 million shares for the 4-day trading week ended Jan. …
Drilling by partners Trimin Resources (TSE) and crown corporation Cameco on their McIlvenna Bay base metals property has expanded reserves by more than 40%. Based on an additional 18,912 ft. of drilli…
Shareholders of Calpine Resources (VSE) will soon have a second fairness opinion on the proposed merger between Calpine and Prime Resources (VSE). Calpine management retained Levesque Beaubien Geoffri…
Underground drilling is meeting with success at the Pend Oreille zinc project, where a distinct zonal mineralizing trend has been identified, RFC Resource Finance (TSE) says. The project is in Washing…
Shareholders of Adrian Resources (VSE) are still awaiting final status on title to ground strategically situated adjacent to the Eskay Creek project in northwestern British Columbia. Recently, Adrian …
Teck (TSE) has acquired an option to earn a 50% interest in a polymetallic prospect from Orient Resources (ME). Situated 104 km east of Val d’Or, Que., the 306- claim property covers two occurrences o…
Easing gold prices and uncertainty about the slowing economy are believed to have taken the wind out of a rally that began on Wall Street and the eastern Canadian exchanges just after the New Year. Al…
Minieres du Nord (ME) of Amos, Que., has expanded its land position in the Matagami Lake region of northwestern Quebec, by staking more claims in Isle-Dieu Twp. As well as 7,110 acres of geologically …
Debt problems currently being experienced by Giant Resources of Australia may prove to be a blessing in disguise for Edmonton zinc-silver producer Golden Star Resources (TSE). Giant Resources recently…
Reports from Arizona that American Barrick Resources (TSE) is about to incorporate dredging equipment and pontoons into its Goldstrike mine development plan are inaccurate, a spokesman for the company…
Vancouver-based Canamax Resources (TSE) has renegotiated the terms under which it will repay the $7.3 million it owes to Colorado affiliate Amax Gold (TSE). At a special meeting in Toronto, shareholde…
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