News

There could be both good news and bad news in a new federal initiative to strengthen the links between this country and the People’s Republic of China, in the mining sector. Minister of State for Mi…

Two Toronto-based mining companies, Muscocho Explorations and Flanagan McAdam Resources, have entered into an agreement with Greenstone Resources whereby they may jointly acquire up to a 50% interest …

A section of zinc rich mineralization has been encountered at Colony Pacific Explorations’ Blue Moon property in California. Westmin Resources has already spent $2.7 million(US) on the property and mo…

Exploration of the Bellavista, Costa Rica, gold property in the Caribbean, a joint-venture project, has revealed to date reserves of 4.1 million tons grading 0.12 oz per ton. The joint-venture compani…

Giant had earnings of $3.8 million, or 89 cents a share in 1986, compared with income of $5.7 million or $1.32 a share, in the previous year. The company says the decreased earnings last year reflect …

With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…

Gold mining in Canada was never, ever like this — on a beautiful island with nearby clean white sand beaches stretching for miles and washed by warm, crystal clear aqua-blue water. About 20 miles lon…

Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…

April 14 April 13 April 10 April 9 April 8 Gold London Bullion Dealers afternoon (morning) $US per oz. 442.40(440.25) 435.90(436.50) 431.60(432.30) 421(421.50) 420.50(423.20) Gold Bank of Nova Scotia…

Whim Creek Consolidated, acting on behalf of a consortium, has signed a deal with C.R.A. Ltd., to purchase all the shares of Forrest Bay Pty. for $76.5 million. Members of the consortium include Austw…

A much more conservative accounting policy has been adopted by Galactic Resources, major gold producing asset of which is the Summitville mine in Colorado. As a result, Galactic reported a year-end ne…

In something of a coup, a little known junior Canadian mining company, Monte Carlo Gold Mines, has obtained the exclusive mining concession to this beautiful Dutch island in the Caribbean Sea just 15 …