Mining companies the world over are battening down the hatches to weather low metal prices, as rising costs are further eroding their shrinking revenues. One of the most extreme examples comes from Co…
Week’s Price (US) Change Gold* $338.45 + $1.00 Silver* $ 4.10 + $0.02 Platinum*$365.50 + $5.75 Nickel** $ 3.35 + $0.04 Lead** $ 0.23 0.00 Copper $ 1.01 0.00 Zinc $ 0.64 + $0.01 Courtesy of Scotiabank….
May 26 May 25 May 22 May 21 May 20 High Low Composite”300″3382.30 3370.31 3372.15 3358.05 3381.21 4009.47 3009.91 Metals&Minerals 3046.84 3018.31 3027.60 3030.43 3061.98 3453.06 2502.63 Integrated Min…
Noranda Sales was recently appointed exclusive sales agent for copper and zinc concentrates produced by Westmin Resources (TSE) at its Myra Falls mine complex near Campbell River, B.C. Westmin, which …
The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE). The company plans to issue 8.334 million units at a price of $2.40 per unit. Th…
The planned merger of Golden Star Resources with South American Goldfields into a new company known as Golden Star Resources Ltd. (TSE) was approved by shareholders of both companies recently. About 1…
A surface exploration program is being planned by Teck (TSE) for its recently optioned Mount Alcock project, 23 km from Ware in northern British Columbia. The major elected to exercise an option to ea…
Gem-quality diamonds recovered from a kimberlite pipe in the Lac de Gras region of the Northwest Territories indicate that Dia Met Minerals (VSE) and BHP-Utah Mines may be sitting on Canada’s first di…
Except for zinc, first-half May average metal prices continued to be swayed by ongoing uncertainty with worldwide political and economic events. Questions regarding future export levels from the forme…
Exploration is risky business. Take Calpine Resources’ famous hole 109 drilled in 1989 at Eskay Creek. International Corona later did more drilling to test this target located separate from and in a l…
Thermal Exploration (ASE) has reached an agreement with a syndicate led by geologists Terry Heard and Mike Duggan to acquire a 70% interest in 97,000 acres near the Lac de Gras, N.W.T., diamond discov…
With a debt settlement and restructuring now behind it, Pioneer Metals (TSE) is reviewing the potential of reopening its 100% owned Puffy Lake gold mine in Manitoba. The company recently hired Kilborn…
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