News

A proposed reorganization of Freewest Resources (TSE) and its subsequent amalgamation with Hemlo Gold Mines (TSE) has been approved by Freewest’s shareholders. Effective Dec. 15, all of Freewest’s ass…

Spokane-based Pegasus Gold (TSE) has decided not to declare a year-end dividend. The company says that although it is financially strong, its resources are better deployed in new projects, minesite ex…

In an effort to expand its exploration activities, World Wide Minerals (TSE) has struck a preliminary agreement with privately owned Taishan Gold. World Wide intends to buy Taishan from Toronto-based …

Strength in the gold sector helped propel the Toronto Stock Exchange higher over the 5-day report period ended Dec. 20. The composite 300 index jumped 109.72 points to close at 4,154.13. The gold and …

‘Tis the season to re-price employee stock options. This, at least, is what a flood of companies are doing as western markets continue to slide. The Vancouver Stock Exchange composite index dipped jus…

Week’s Price (US) Change Gold* $382.50 + $4.15 Silver* $ 4.83 + $0.06 Platinum* $417.50 + $7.85 Nickel** $ 3.78 + $0.03 Lead** $ 0.29 + $0.01 Copper $ 1.34 $0.00 Zinc $ 0.50 + $0.01 Courtesy of Scotia…

Bernard Tourillon appointed executive vice-president and director; Pierre Danis appointed director.

Alex Balogh appointed deputy chairman and director; David Bumstead appointed executive vice-president.

Robin Hickson appointed vice-president.

Moeen Qureshi appointed director for both companies.

Jack Jefferson appointed director.

Neil Seldon appointed director.