Canadian and Belgian central bank gold selloffs, Japanese investors liquidating assets and the post-electoral doldrums in the U.S. are all cited as reasons for continued soft gold prices. However, gol…
A Euro-equity offering with European investors for 520,000 common shares at 63 cents per share has been completed by Queenston Mining (TSE). Brokerage house Deacon Barclays de Zoete Wedd acted as Quee…
Mineral exploration spending in British Columbia has sagged to $90 million in 1991 from $190 million in 1990, and according to Jack Patterson, managing director of the British Columbia & Yukon Chamber…
The depressed state of the Canadian mining industry is sending companies abroad with different strategies in the search for new business opportunities. Kilborn Engineering and Construction Ltd., for e…
Following up previously announced plans, Amax Gold (NYSE) is proceeding with the acquisition of a 50% interest in the Refugio gold property in central Chile. Amax originally announced its intention to…
Placer Dome’s (TSE) Porgera mine in Papua New Guinea chalked up another first with the recent successful commissioning of a 670-ft. underground vertical ore conveyor. The conveyor, the first of its ki…
A streamlined environmental assessment process, reduced taxes and the elimination of some fees are among measures Newfoundland and Labrador is taking to revitalize its ailing mineral industry. Mines a…
Toronto-based junior Trump Reserve Minerals (ASE) has concluded an agreement to earn a 50% interest in a 36-claim gold property just east of Lebel-sur-Quevillon, Que., from Murgor Resources (VSE). Und…
The discovery of tiny colored stones in the Lac de Gras area of the Northwest Territories has spawned a new surge of investor interest in the diamond exploration game. After joint venture partners Abe…
A strong performance from gold operations enabled Placer Dome (TSE) to report a 45% improvement in earnings for the first nine months of this year over the comparable period in 1991. Net earnings reac…
Despite remaining unhedged against weak gold prices, Agnico-Eagle Mines (TSE) reported third-quarter earnings of $3.75 million (13 cents per share) compared with $442,000 (1 cents per share) for the s…
How healthy and profitable is the minerals industry at present? The answer is, “Not very healthy and not very profitable.” A major study, completed by a task force consisting of industry executives wi…
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