A syndicate led by First Marathon Securities and Canaccord Capital has agreed to raise just over $32.5 million for Aber Resources (ABZ-T) through a private placement.The financing will include 1 milli…
Shareholders of Winspear Resources (WSP-V) and Antler Resources (AEE-V) will meet in separate meetings on Dec. 2 to decide on the proposed merger of their companies.The new company would retain the na…
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 29, closing at 1,112.81, up 2.84 points, while the resource index rose 108.72 points to finish at 2,254.72….
Preliminary work by Robex Resources (RBX-M) at the Diangounte property in Mali has revealed pannable gold in soils and lateritized rock.The property, situated 20 km from the Sadiola gold deposit of Ia…
A tailings spill last March at the Marcopper mine in the Philippines resulted in an US$8-million consolidated loss (or US3 cents per share) for Placer Dome (PDG-T) in the first nine months of fiscal 1…
Vancouver-based Major General Resources (MGJ-V) will begin exploring for base metals on the Stewart property in the Bathurst area of New Brunswick.The company can acquire the 355-acre property by issu…
Junior Golden Rule Resources (GNU-T) has received encouraging gold assays from parts of two trenches in the Agyakra area of the Stenpad property, in western Ghana.The 6,938-ha concession, situated in …
James Villegas appointed director.
At a new laboratory at the Geological Survey of Canada (GSC) in Ottawa, experts will be able to date mineral samples in minutes instead of days.The first of its kind in North America, and only the fou…
Dr. Michael Sopko is chairman and chief executive officer of Inco and chairman of the Mining Association of Canada. He has written this article at the request of Keep Mining in Canada, a grassroots ca…
As two Indonesian companies and their Australian backer dispute the title to its Busang gold deposit, Bre-X Minerals (BXM-T) has moved to cement a relationship with a powerful friend.Bre-X and spinoff…
The use of gold in coins increased to 3.3 million oz. last year, compared with 2.5 million oz. in 1994, representing a rise of 32%.A report entitled Modern Gold Coinage 1995, published by The Gold Ins…
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