As economic reforms take hold, Brazil is becoming the focus of a new Latin American gold rush. Quick to recognize the potential for gold and diamonds in the Amazon basin, Brazilian Resources (CDN) has…
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
BGR Central Net Value $16.10 $6.53 Price $12.75 $6.375 Discount 20.81% 2.4% Value $126,058,000 $115,383,038…
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…
The first hole drilled on Murgor Resources’ (VSE) 14-claim Barry Twp. gold property in northwestern Quebec has intersected a 34-metre wide mineralized zone. Although assays are pending, the company re…
For the second time in as many weeks, a unit of Noranda (TSE) is investing funds to develop a new ore deposit. Noranda Mining & Exploration (NM&E) will spend $9.5 million over the next two years to de…
TSE-listed Goldcorp is spending $10 million on exploration and development at its Red Lake gold mine in Balmertown, Ont. The program, expected to last two years, consists of 200,000 ft. of exploration…
Significant developments are reported from three of Minera Rayrock’s (TSE) projects in Chile and Costa Rica. The Ivan copper project in northern Chile recently entered production. In January, it yield…
A “wildcat hole” has Adex Mining (TSE) confident that tin mineralization is continuous between two known structures at the Mount Pleasant mine property in New Brunswick. Adex is funding prefeasibility…
New York-listed FMC Gold reported net income of US$600,000 for the recent fourth quarter, down $2.5 million from the same period last year. The closure of the Paradise Peak mill in Nevada and the Roya…
Higher nickel prices and increased output enabled Falconbridge (TSE) to post solid results for both the fourth quarter and the past year. For the quarter, the company earned $81.4 million (or 46 cents…
A subsidiary of St. Genevieve Resources (TSE), ITEC-Mineral, has determined that it can recover economic quantities of precious metals from tailings at its Norbec-Manitou mill in Val d’Or, Que. The su…
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