News

A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…

Toronto-based Orcana Resources (VSE) and Exploration Denn’or (ME) are attempting to raise the money needed to finance an exploration program at two properties in the Val d’Or, Que., mining camp. One o…

Toronto-based Northfield Minerals continues to benefit from its new association with mining contractor Dynatec Mining, judging by trading activity this week. Northfield has been active since Dynatec C…

For Placer Dome U.S., a unit of Placer Dome (TSE), the challenge is to find or acquire gold prospects on home turf. North America, in many gold investors’ opinion, is where their investment will be sa…

Struggling gold producer Belmoral Mines (TSE) has a new president and a new exploration chief. R. C. Brown, a company director and former president of Belmoral, has been named president, replacing Ken…

Billiton Metals Canada has acquired an option from NDU Resources (VSE) which gives it the right to earn a 50% interest in NDU’s Blende zinc-lead project in the Yukon. The 122-claim property is 45 mile…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 10 Oct 9 Oct 6 Oct 5 Oct 4 Copper 1896-1897 18…

Twenty-five legends of the U.S. mining industry were enshrined in the National Mining Hall of Fame during its recent second annual induction banquet held in San Francisco, Calif. The event coincided w…

If there was ever a public expenditure ready to be cut, it is the subsidy paid out to keep VIA Rail on track. Yet the cuts announced by the federal government have already met with howls of protest. I…

Easing nickel prices took the wind out of the metals and minerals index which lost a whopping 1.76% or 65.79 points to close at 3662.15 points. Morning LME nickel prices hovered around $4.70 (US) per …

More significant assay results have been released from a drill program under way on Windy Mountain Explorations’ (COATS) MacLeod Lake property north of Chibougamau, Que. Results from the first four ho…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct– — 131.15 + 1.95 Nov– — 129.80 + 2.35 Dec133.70 127.90 128.05 + 2.10 SILV…