News

Vancouver Stock Exchange Few bearish on gold sector

With the gold price surpassing the $400(US) mark and holding, it’s hard to find anyone bearish about the yellow metal’s future these days. While gold’s performance is always difficult to predict, that…



Rio Algom ends talks with Uranium Resources

Negotiations between Rio Algom (TSE) and Uranium Resources (TSE) for a proposed takeover of Uranium Resources by Rio Algom were terminated. The two companies had previously signed a non-binding letter…


Albino faces hearing

The Ontario Securities Commission has issued a Notice of Hearing against George Albino, former chairman and chief executive officer of Rio Algom (TSE). The hearing, scheduled to take place on Jan 20, …



Homestake find near Lupin Mine gets confirmation

A subsidiary of Homestake Mining (NYSE) recently confirmed long-standing rumors that a major “Lupin-type” gold deposit was discovered in the Northwest Territories. Robert Boyd, director of Canadian ex…



Metal Prices PRODUCER PRICES (November 27, 1989)

ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 16, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (No…


Alberta Stock Exchange Gold issues lacklustre

The price of gold may have risen above $400(US) for the first time since January, but the yellow metal’s return to health wasn’t really reflected in Alberta share prices for the week ended Nov 21. Man…



Giant Yellowknife faces sale to Frame Mining

Major gold producer Giant Yellowknife Mines (TSE) and its associated Pamour group companies may have a new owner by the end of the year. Parent company Giant Resources of Australia has entered into a …


Euro, Goldhurst deal

An agreement in principle has been signed between Goldhurst Resources (VSE) and Euro- Nevada Mining (TSE) which gives Euro-Nevada the right to buy 50% of Goldhurst’s royalty in the Mouska gold project…


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