News
Gold Funds lead pack
U.S. mutual funds that invest in shares of gold mining companies outperformed all other sector categories in 2001, bolstering a long-standing belief that investor portfolios are more stable when a gol…
Poor fundamentals lurk
Some market-watchers continue to suspect that the first-quarter rally in base metals prices was premature and overdone. Prices fell sharply under the pressure of long liquidation by funds on March 22,…
Mint releases coin set
The Royal Canadian Mint in Ottawa has released two new hologram coins, including a one-quarter-ounce gold maple leaf coin and a gold maple leaf 5-coin set.The hologram on the quarter-ounce single coin…
Dia Bras starts Banankoro diamond search
A small private placement is funding Dia Bras Exploration’s (DIB-V) search for diamonds in Guinea.The Montreal-based junior acquired the right to earn a 60% interest in the Banankoro permit, which cov…
Golconda drills at Shulin
Juniors Golconda Resources (GA-V) and Shear Minerals (SMR-V) are deepening four reverse-circulation drill holes to test a possible kimberlite pipe at their Shulin Lake property, 75 km northwest of Anc…
Tiberon updates Nui Phao resource (April 01, 2002)
Based on results from 33 drill holes, junior Tiberon Minerals (TBR-V) has released an updated resource estimate for its Nui Phao tungsten property in Vietnam.Including copper and fluorite converted to…
South Pond drilling comes up nearly empty
A small drilling program at the South Pond copper-gold property in south-central Newfoundland has returned disheartening results for Celtic Minerals (CME-V).Seven core holes totalling 1,236 metres wer…
Outokumpu rethinks Tara sale
Finnish miner Outokumpu has held talks with several firms regarding the sale of its 200,000-tonne-per-year Tara zinc mine in Ireland but will not confirm reports that Inmet Mining (IMN-T) is a potenti…
Mine Show awaits reclamation
The Great Canadian Mine Show, a mobile arcade that allows visitors to experience mining vicariously through interactive technology, owes its creditors $150,000.The debt is being shouldered by the Elli…
Canadian group nominated for Nobel prize
Three members of the U.S. Congress have nominated an Ottawa-based organization to share in the 2003 Nobel Peace Prize for its work against “blood diamonds” in Africa.Ottawa-based Partnership Africa Ca…
Strike set at Holt
At presstime, the existing contract for 140 workers at the Holt-McDermott gold mine in Kirkland Lake, Ont., was about to expire and the United Steelworkers local 6409 was preparing to hold a strike vo…