Rising inflation and a move by the central banks to tighten credit sparked another day of selling as traders dumped most issues. The sell-off pushed the composite index to 3558.08 pts — off 20.1 pts …
A definitive agreement has been thrashed out between Homestake Mining (NYSE) and Esso Minerals Canada regarding the purchase of approximately 100 of Esso’s Canadian mineral properties. A Homestake sub…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 Copper 1852-1857 1855-1860 …
Fundy Resources, a private company controlled by Halifax lawyer Dale Dunlop and his father Bruce Dunlop of Winnipeg is shopping a promising zinc property around to major base metals producers. Located…
A takeover offer by Aur Resources (TSE) of Louvem Mines (TSE) has been terminated. Aur, which would have spent about $8.3 million to acquire about 65% of the common shares of Louvem, a small gold prod…
Hanson Mineral Exploration has completed an amalgamation with Perch River Mines. The new company, called McNickel Inc., hopes to raise $3.5 million to explore a promising copper-nickel property near L…
The newly-formed B.C. Environmental Information Institute hopes to reduce resources conflict in British Columbia by providing current and accurate information on land use. Letters of incorporation for…
John Hansuld is contemplating his future in the mining industry after resigning recently as president and director of Toronto-based Canamax Resources (TSE). Reached at his home in Mississauga, Ont., H…
Exploration activity in the Porcupine gold mining camp has dropped dramatically, hit hard by the end of the mineral exploration depletion allowance (MEDA) “Exploration is coming to a screeching halt,”…
The Golden Bear project of North American Metals (VSE) and Chevron Minerals in northwestern British Columbia could be in jeopardy because of higher than anticipated start-up costs according to North A…
The troubled Apex germanium- gallium mine and processing plant in Utah is being acquired by Hecla Mining, which will pay $5.5 million (US) and bring the mine back into production this year. Hecla will…
Price Week’s ($US) Change($) Gold* 393.40 1.05 Silver* 6.06 0.07 Platinum* 544.65 0.90 Nickel** 7.35 0.41 Lead** 0.27 Copper 1.49 0.01 Zinc 0….
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