The Vancouver Stock Exchange composite index was off 10.41 points during the report period ended Dec. 8, closing at 382.67. The mining index followed suit, losing 8.96 points, or 3.1%, to finish at 28…
Saskatoon, Sask.-based Claude Resources (CRJ-T) has arranged a brokered flow-through private placement with Canaccord Capital to sell, on a best-efforts basis, up to $1.5 million in shares or special …
An agreement-in-principle sets the stage for Anglogold (AU-N) to acquire the gold assets of Minorco (MNRCY-Q).The South African major offered Minorco US$550 million in cash for its interests in five o…
Drilling at the Escalones porphyry prospect in central Chile has encountered high-grade copper values for General Minerals (GNM-T).Results from the first drillhole suggest the deposit has the potentia…
Calgary-based Eurasia Gold (EGX-A) expects to raise $6 million for further work on its gold projects in Kazakstan through a private placement with Ourominas Minerals (OMI-T).Ourominas will purchase 60…
Kinross Gold (K-T) will take a writedown of US$216 million against its fourth-quarter results.The writedown consists of US$104.6 million from the company’s merger with Amax Gold, US$46.9 million on th…
An exploration program is being planned by Tom Exploration (TUM-M) for the le Lefebvre copper-zinc property in Quebec’s Chibougamau mining district.The junior intends to drill the newly acquired prop…
Almaden Resources (AMH-V) and Williams Creek Explorations (WCX-V) have jointly staked a 13,120-acre claim block in the Goodpaster gold mining district of east-central Alaska.The Sonora claim block adj…
An agreement between Verena Minerals (VMCO-C) and a unit of De Beers Consolidated Mines (DBRS-Q) sets the stage for ongoing exploration of Verena’s Porto Nacional concession in Brazil’s northern state…
North American Palladium (PDL-T) has pocketed a small profit for the third quarter as a result of improvements in costs and productivity at the Lac des les palladium mine near Thunder Bay, Ont.The ju…
The stainless steel market in 1997 was one that transpired from ongoing optimism to that of great uncertainty. Despite the recovery of the global economy from a slower period of growth in 1996, with i…
The Toronto Stock Exchange 300 index lost a modest 57.37 points in the report period ended Dec. 7, to end the week at 6,399.77.The precious metals and minerals sub-group suffered another dismal period…
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