News

A private placement gives Summo Minerals (VSE) $3 million to fund a feasibility study of its Lisbon Valley copper oxide project in Utah. The placement includes 2.5 million units at $1.20 per unit. A u…

At its Long Valley project in California, Royal Gold (NASDAQ) has outlined an indicated resource of 49.6 million tons averaging 0.018 oz. gold per ton. In the process of drilling 18 vertical and angle…

The Great Canadian Diamond Play gave investors a heart-stopping ride in 1994. The rise to a speculative peak in the summer followed by the diamond market’s subsequent crash to its current depressed le…

Seven mines — four gold, one platinum group metals, one nickel and one base metal — achieved producer status in 1994. By far the largest of these is Louvicourt, co-owned by Aur Resources (TSE), Teck…

Robin Hickson appointed vice-president.

A placement of 5.4 million special warrants at 75 cents each is under way for Arequipa Resources (VSE). The expected proceeds of $4 million will be used to explore and develop the junior’s Peruvian pr…

William Radvak appointed president.

John Taylor appointed vice-president and chief financial officer.

David Thompson appointed president and chief executive officer.

Robin Hickson appointed president.

Copper is in a bull market, but supplies of the red metal appear set to rise significantly during the next few years. Higher production, both for new projects and expansions at existing operations, sh…

Underground development work at the Evening Star mine at Rossland, B.C., is returning high-grade gold values for owner Pacific Vangold Mines (VSE). Recent work included an extension of the haulageway …