News

Helped along by metals prices, Scotiabank’s all-commodity price index rose by 1.8% in January. The index reached its highest level in the current business cycle and stands 7.6% above the 1980 peak in …

U.S. gold producer Pegasus Gold (TSE) has further increased its equity position in Pioneer Metals (TSE). With the acquisition of 296,504 additional units that became available through the additional s…

Momentum in New Brunswick’s base metals exploration and mining industries is building. So much so that Robert Stairs, president of the only assay office in the city of Bathurst, is drafting plans to d…

Strong zinc and copper prices together with gold’s recent improved performance served to rekindle interest and trading activity in diversified metal producers and exploration companies over the past w…

The large property holdings of Goldquest Exploration (TSE) in northern Ontario’s Red Lake gold camp will soon be the focus of a major exploration effort by a new joint venture partner. The Toronto-bas…

Downward was the general direction taken by many COATS-traded mining issues this week. Chance Mining & Exploration has settled back down to the 43 cents -48 cents range after reaching a high of 76 ce…

I refer to your Feb 13 editorial “A tenuous connection,” in which you analyze the morality of the Bank of Nova Scotia’s loan to Minorco (Luxembourg). You point out that curtailing dealings with South …

Small Quebec gold producer Louvem Mines (TSE) is being taken over by Toronto-based Aur Resources (TSE). Aur says it will spend $8.3 million to acquire about 65% of the common shares of Louvem, which o…

Booming commodity prices helped Noranda Inc. (TSE) earn $603 million or $3.14 per share in 1988. This compares with earnings of $343 million or $2.14 per share in 1987. The company’s mining division r…

Exploration of a layered mafic intrusive complex along the east coast of Greenland has confirmed the presence of gold and platinum group metals, Platinova Resources (TSE) reports. The East Greenland p…

A number of issues showed significant progress following an increase in gold and silver prices. News that gold was selling at around $395(US) per oz may have had an impact on the International Baslen …

Five shareholders of Corona Corp. (TSE) have entered into a written agreement in respect of the election of directors of the company and a right of first refusal on the sale of Corona B common shares….