Mining issues — specifically base metal mining issues — led trading activity on the TSE as more than 33.3 million shares changed hands. Almost 10% of that trading was in the form of Falconbridge Ltd…
Morten Riset, a refinery operator with Cheni, stands beside gold bar at the Lawyers mine site. Photo by The Northern Miner…
A 5,000-ft drilling program is being started by McNellen Resources (VSE) on the company’s Mount Foley copper-silver-gold property 15 miles east of Chilliwack, B.C. McNellen plans to test a 250-ft wide…
Faraday Resources (TSE) has completed the purchase of a 40% interest in Jascan Resources (TSE). Jascan has $7 million in cash and short-term investments. The company’s main mining interests are a roya…
The American Mining Congress convention will be held in San Francisco Sept 17-20, and will focus on “Meeting the challenges of the ’90s.” Sessions will cover mine financing and how to woo Wall St., st…
Regional Resources (TSE) plans to accept an offer from Canamax Resources (TSE) to buy that company’s 24.5% interest in the Midway zinc-silver project in northern British Columbia. Canamax wants $1.1 m…
Rising prices of non-fuel primary commodities that began in 1987 continued in 1988 and through early 1989, the International Monetary Fund (IMF) reports in its 1989 edition of Primary Commodities: Mar…
Although it’s not as hectic as last summer, Newfoundland’s mineral exploration industry is enjoying another healthy season thanks largely to major mining companies who have firmly established their pr…
With a successful $3.45-million public financing behind it, Toronto- based McNickel Inc. (COATS) has started a 20,000-ft drilling program on its Lac St. Jean nickel-copper prospect north of Dolbeau, Q…
Land reclamation is always a sensitive topic for miners and environmentalists alike. In the past, the former saw little value in spending money to reclaim mined lands whereas the latter have tradition…
Falling precious and base metal prices contributed to a further decline in Scotiabank’s all-commodity price index in June. The index dropped 2.9% from May, the fifth consecutive monthly decline. Bank …
Exploration is expected to get under way soon at a group of Newfoundland claims acquired recently by Terrex Resources (ASE) from Nippers Harbour Minerals Ltd. Situated about 10 km south of the Bitech …
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