News

Underground exploration will not begin at the copper-zinc discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) until a legal dispute involving the two companies is settled, says a top Nor…

A production decision for the Eagle River project could come by September as underground work has been advancing rapidly and a mill test of 60,000 tons of development ore is scheduled to begin shortly…

The price of gold may have risen above $400(US) for the first time since January, but the yellow metal’s return to health wasn’t really reflected in Alberta share prices for the week ended Nov 21. Man…

Three drills are at work on the McKenzie Break group of properties held by joint venture partners Placer Dome (TSE) and Tundra Gold Mines (VSE) near Val d’Or, Que. Situated 15 miles northeast of Val…

VSM Exploration (ME) and partner Serem Quebec have more than doubled reserves at their Grevet M property in Quebec. Following the completion of exploration work to the end of October, the partners hav…

Over the last two years Northgate Exploration (TSE) has spent in excess of $180 million and been involved in about 14 investments and acquisitions, which probably give it the honor of being North Amer…

A subsidiary of Homestake Mining (NYSE) recently confirmed long-standing rumors that a major “Lupin-type” gold deposit was discovered in the Northwest Territories. Robert Boyd, director of Canadian ex…

Major gold producer Giant Yellowknife Mines (TSE) and its associated Pamour group companies may have a new owner by the end of the year. Parent company Giant Resources of Australia has entered into a …

An aggressive exploration and development program in the international arena is continuing to create red ink for Cominco Resources International (TSE). The company’s third-quarter loss was $2.4 millio…

Earnings for Vancouver-based Westmin Resources (TSE) dropped to $1.1 million for the third quarter from $4.1 million the previous year. After preferred dividends are accounted for, the company lost 8 …

A net loss of $2 million or 11 cents per share was reported by Canamax Resources (TSE) on revenues of $12 million for its third quarter ended Sept 30. These results, which include proceeds from the …

Negotiations between Rio Algom (TSE) and Uranium Resources (TSE) for a proposed takeover of Uranium Resources by Rio Algom were terminated. The two companies had previously signed a non-binding letter…