Claude Resources (TSE) has become involved in a controversy surrounding investment funds set up for would-be Canadian immigrants after running into financing and operational difficulties at its Seabee…
Western markets leveled off during the period ended May 5, with the Vancouver Stock Exchange composite index finishing up 5.74 points to the 620 level and the resource index slipping just under three …
All that government gold — 12.3 million oz. at the end of March — no longer glitters as it once did. However, despite depressed prices, there’s still a silver lining in those gold bricks gathering d…
In its 1990 annual report, Glimmer Resources stated it has reserves in Hislop Twp. in northeastern Ontario of 1.07 million tons (968,190 tonnes) grading 0.34 oz. gold per ton. When one compares this d…
A track-mounted reverse circulation drill was recently mobilized by Melinga Resources (VSE) to test recently identified geochemical and geophysical targets on the Macuelizo gold-oxide copper prospect …
Several Canadian mines owned and operated by Placer Dome (TSE) will be restructured in order to reduce operating costs and meet existing production targets with fewer employees. The initiative was not…
United Nations officer Wolfgang Gluschke, in a Miami conference paper on mineral investment promotion: Most countries in Latin America have undergone considerable changes in the economic, social and p…
A new zone on the Douay gold property in Quebec’s Casa Berardi region has been outlined over a strike length of 1,000 ft., a width of 500 ft. and a thickness of 15-45 ft., reports Societe d’Exploratio…
Faced with having to control capital expenses in tough economic times, Noranda (TSE) will cut its exploration spending to $112 million this year from $147 million in 1991, said President David Kerr at…
Mining can be a pretty terrible business. When commodity prices are up, companies make huge capital investments to develop a mineral deposit. The metal price inevitably falls and the company must suff…
The slump in the gold industry finally extended its reach to Placer Dome’s Campbell mine in northwestern Ontario during the week ended April 28 when 99 employees learned that they were losing their jo…
Full-scale operations at the Premier Gold project near Stewart, B.C., will be closed by June 30 of this year. Operator Westmin Resources (TSE) plans to continue exploring the area, and will continue m…
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