New York-based holding company DRX Inc. is preparing to launch a takeover bid for McFinley Red Lake Mines (TSE). Dissatisfied with the lack of progress at McFinley’s Bateman Twp. gold project near Red…
Hudson Bay Mining & Smelting (TSE) Canada’s third-largest copper and fourth- largest zinc producer, had expected to net $86 million in loans from the federal and provincial governments to modernize it…
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses, and backwardation on both exchanges seem to …
After analyzing the 1988 exploration program at the Mount Polley copper/gold deposit in south-central British Columbia, project operator Imperial Metals Corp. (TSE) says drilling has successfully conf…
Rosa Brown was no fool. The little old lady who trooped through Kirkland Lake in the years between the two World Wars accompanied by her pack of dogs may have been eccentric, but she was no fool. They…
Higher production, slightly higher average realized gold prices, gains on foreign currency transactions and a greater return on short term investments boosted net earnings of Battle Mountain Gold (NYS…
Riding the crest of a base metals price increase, Brunswick Mining & Smelting (TSE) (as operator) is about to turn a cash- draining property into a cash generator. It’s not official yet — approval fr…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb133.50 133.50 133.50 — 10.90 Mar132.70 128.20 131.50 — 11.40 Apr126.30 126.30 126….
Petromet Resources (TSE) has started a legal action against Middlefield Resource Fund 1988 Limited Partnership II and its management groups. Petromet alleges that Middlefield agreed to purchase Petrom…
Well-known business journalist Diane Francis will be the guest speaker at the Canadian Institute of Mining and Metallurgy’s Women’s Night. Scheduled for Feb 10 at Toronto’s Royal York Hotel, the eveni…
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