News

The triple whammy of crashing oil prices, a crumbling U.S. dollar and profit-taking by gold bullion investors, took their toll on the Toronto Stock Exchange this week. More than ever, the rapid collap…

Seabright Resources of Halifax is taking steps to maximize gold production at the Forest Hill deposit by contracting 20 experienced narrow vein miners from Cornwall, England, for a year. The miners wi…

In an effort to bring the Vezza Twp. properties to a production mode, Dundee-Palliser Resources and partner North American Rare Metals have spent approximately $2.8 million on exploration since Septem…

A gold discovery has been made by Lynx-Canada Explorations on the company’s Massicotte property in Quebec’s Casa Berardi area. The final hole in the program cut 23.79 ft grading 0.23 oz gold per ton. …

While the Black Monday market debacle has forced other companies to cut back on their equity financing activities, Toronto-based Muscocho Explorations is going ahead with a plan to raise $18.87 millio…

While production has resumed at the Valdez Creek placer gold mine in Alaska, Camindex Mines is still waiting for regulatory authorities to approve the company’s decision to change its name. At a meeti…

In a week when Alberta volumes were generally low, three companies with properties in the Beardmore and Schreiber areas of northwestern Ontario, proved to be significant performers. They included San …

Without much liquidity in Vancouver it’s understandable why most investors are staying on the sidelines until the New Year. Also, gold and oil prices are proving to be quite volatile which has made re…

Gordon Cameron, who was instrumental in forming a number of junior mining companies including Camflo Mines, has died at his home in Gatineau, Que. Cameron, who was born in the Cobalt-New Liskeard area…

A new gold zone has been discovered at Cathedral Gold Corp.’s 52%-owned Sterling mine project near Beatty, Nev. Since the mine was spun off by Imperial Metals into Cathedral, the property has been exp…

The price of gold briefly crept over the $500(US)-per-oz mark in London last week, representing the first time since February, 1983, the precious metal has topped that price level. The morning fix in …

Buoyed by an increase in stainless steel production and a shortage on the supply side, nickel this month saw its price top the $3(US) per lb mark. It has been a remarkable recovery for the base metal,…