Bank commodity index at virtual standstill
Seasonal strength in energy and agricultural prices in October offset declining metals and forest products, resulting in a slight increase in its all-commodity price index, Scotiabank reports. The all…
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Montreal Exchange: Graphite partner
Light-to-moderate, mixed trading featuring a 41.5-point tumble in the mining and minerals index marked share activity for the week ended Dec 5. The market portfolio finished ahead almost 15 points on …
Agnico-Eagle loss due to gold price
A third-quarter loss reported recently by Agnico-Eagle Mines (TSE) was due largely to subdued gold and silver prices, the company said. Net losses for the three months ended Sept 30 were $114,000 or 1…
Western D’Eldona active in junior oil and gas sector
In June, 1988, I bought 2,000 shares of Western D’Eldona Resources, and I would like to obtain some information on the current status of this company. N.P., Halifax, N.S. The company in which you hold…
Vancouver Market Exchange Calpine stumbles, Prime holds steady
The recent pullback in gold prices to just above $400 has not helped the Vancouver market index, shedding 25 points over the week to the 695 level at noon today, Dec 6. Market sentiment seems to see t…
Where does this leave Asamera shareholders?
The proposed purchase of substantially all the assets of Asamera Minerals (TSE) by Corona Corp. (TSE) in exchange for 10 million shares of Corona appears to have left minority shareholders out in the …
Colony Pacific gets approvals for underground work
The proposed underground exploration program at the Blue Moon project owned 100% by Colony Pacific Explorations (TSE) was recently approved by all the required government agencies. The wait for enviro…
Giant slashes production costs
Third-quarter results of Giant Yellowknife Mines (TSE) indicate the gold producer is back on track after a period of fairly high production costs. Coincidentally, the company has been put up for sale …
Golconda using new method at California gold project
Calgary-based Golconda Resources (ASE) recently announced some encouraging drill results from its Star City gold property in California. Golconda can earn a 60% stake at Star City where the company ha…
Backing the ruble with gold
The spirit of glasnost and perestroika transforming the political landscape of the USSR and Eastern Europe is already creating some fascinating opportunities for Canadian mining companies. The Sovie…
Aurizon, Ezekiel await Val d’Or drill results
More results are expected by year-end from a 20,000-ft drilling program on Aurizon Mines’ (TSE) Connell Corner property adjacent to the Aur-Louvem base metal discovery near Val d’Or, Que. The property…
Ontario’s annual mines symposium starts Dec 11
Ontario’s annual mines and minerals symposium is being held Dec 11-13 at the Metro Toronto Convention Centre. “The aim of the symposium is to allow participants to learn as much as possible about mine…