The economy here is in for a shot in the arm perhaps as early as year’s end thanks to a new gold mine being developed about 90 miles to the southwest. Kian Jensen, administrator of the privately owned…
Junior Adrian Resources (TSE) is heading off to the jungles of north-central Panama to begin exploring the Petaquilla porphyry copper property under the terms of a recent option agreement with Minnova…
With the completion of a 7-hole diamond drilling program, Toltec Resources (VSE) has opted to drop its option on the Middlemarch property in Cochise Cty., Ariz. Toltec had the right to earn a 60% inte…
TVX Gold (TSE) directors Glenn Ives and Nigel Lees recently sold a portion of their holdings in the Toronto-based gold miner. According to the Ontario Securities Commission OSC Bulletin, Ives sold 2,5…
A growing obsession with environmental regulations and an unnecessarily complicated tax structure are discouraging new investment in Canada’s mining industry, says Lars Eric Johansson, chief financial…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 28 Apr 27 Apr 24 Apr 23 Apr 22 Copper 1236-1237 1241-1242 1245-1246 1248-1249 12…
ALUMINUM: MW U.S. market US62-62.75 cents per lb. (Apr. 15, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMI…
Semi-monthly reports as of April 15, showed 26,377,283 shares of 619 issues compared with 24,177,660 shares of 587 issues on March 31. Larger individual positions included: Amax Gold 122,250, down 21,…
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
Calgary-based Nebex Resources (ASE) says Teck (TSE) will start drilling the junior’s base metal prospect in northern New Brunswick in early May. The prospect lies 3 km north of the 10,000 tonne-per-da…
Partners Queenston Mining (TSE) and Strike Minerals (CDN) recently proved that you can still cut a deal with a major by optioning their Robertson Twp. base metal property and another property in north…
The chairman of one of North America’s largest and most successful gold mining companies, Peter Munk, says the industry is headed for a period of “consolidation, rationalization and upheaval” that wil…
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