Stunned disbelief is probably the best way to describe the early reaction to Royal Oak Mines’ (TSE) hostile takeover bid for Lac Minerals (TSE). “Impossible,” said some Toronto-based mining analysts, …
Alberta-listed Detector Resources has agreed to option two gold properties in northern Ontario. In one deal, it can earn a half interest in the Randall Lake property from Wiscan Resources (ASE) by spe…
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Idaho-based Sunshine Mining (NYSE) will open an exploration office in Lima, Peru. The company has commissioned a study of Peruvian mine concentrates to determine their compatibility with Sunshine’s hy…
In a classic case of David taking on Goliath, middle-tier gold producer Royal Oak Mines (TSE) has launched an aggressive takeover bid for senior gold miner Lac Minerals (TSE). A successful takeover wo…
Shareholders of Dia Met Minerals (TSE) have been told that the latest bulk-sampling programs, involving several kimberlites, are providing encouraging results which may lead to development of Canada’s…
The new owner of Central Crude (TSE) plans to spend about $500,000 on a definition and exploration drilling program at its Eagle River gold property near Wawa, Ont. At the annual meeting, President Co…
Two miners were killed at the Eagle Point uranium mine in northern Saskatchewan when a large piece of rock fell off the side wall. Project operator Cameco (TSE) closed the underground area pending an …
Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange. Aquaterre is headed by Thomas W…
Commercial production of silica is under way at the property of Ressources Temisca (ME) in St-Bruno-de-Guigues, Que. President Gilles Fiset says his company has a plant on site with annual capacity of…
The Emerging Market Gold Fund (EMGF) intends to buy US$5 million worth of Greenstone Resources’ (TSE) convertible preferred shares and will be granted warrants to buy US$5 million of that company’s co…
Exploration of three projects in Indonesia is yielding encouraging results for Bre-X Minerals (ASE). At the Busang prospect in East Kalimantan (on the island of Borneo), two holes drilled into the Sou…
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