A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…
A preliminary prospectus regarding a proposed public offering of convertible notes due in 2004 has been filed in Canada and the U.S. by gold producer Agnico-Eagle Mines (TSE). The company says the not…
Cadington Resources (CDN) is hanging up its pick axe to become an industrial and investment holding company. It plans to acquire or merge with businesses which have substantial cash flows and/or under…
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …
Rock and soil sampling on the Randsburg property of Shoreham Resources (VSE) has returned widespread gold values. The 15-acre property is next to the Baltic Pit mine of Glamis Gold, near Randsburg, Ca…
Nine new members were inducted into the Canadian Mining Hall of Fame at a dinner and awards ceremony at the Royal York Hotel in Toronto. About 450 people attended the sixth annual banquet. Guests incl…
A total of 220 holes of a planned 300-hole definition program has been completed on an alluvial almandine garnet project in Mohave Cty., Ariz. Bitterroot Resources (VSE) says preliminary results confi…
Alberta-listed Pacific Metals has reached an agreement with Habsburg Resources (VSE) to earn a 49% interest in the Mount McKendrick gold showing near Smithers, B.C. The property consists of seven clai…
Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…
The financial woes at German mining giant Metallgesellschaft (MG) continue to mount and, with its mounting difficulties, speculation is rife over the future of MG’s 50.1%-owned Canadian subsidiary, Me…
For investment purposes, Goldcorp (TSE) recently exercised warrants to buy 1.1 million shares of Orvana Minerals (TSE) at 40 cents per share. Goldcorp now holds 6.7 million Orvana shares. In addition,…
Week’s Price (US) Change Gold* $394.00 – $7.20 Silver* $ 5.11 – $0.12 Platinum* $387.25 – $9.75 Nickel** $ 2.59 + $0.20 Lead** $ 0.22 + $0.01 Copper $ 0.80 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
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