News

Hopes that gold would be able to sustain a rally after it surged to US$341.10 on the futures market were quickly dashed today, April 22, as the spot price in London closed down 20 cents to US$338.10. …

Billing itself as a “new breed of copper producer,” Azco Mining (VSE) recently completed a $6.5-million financing in order to secure funds for a bankable feasibility study of its Sanchez copper projec…

Vital statistics for the Canadian mining industry in 1991 paint a gloomy picture. Value of production, not including petroleum and natural gas, was down 15.9% to $10.4 billion. Employment in mining, c…

Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …

Western markets continued to slide over the period ended Apr. 21, with the Easter long weekend dampening an already lacklustre mood for resource issues. The Vancouver Stock Exchange composite index sl…

The decision to construct a copper smelter at Kitimat on the British Columbia coast is now delicately balanced — the result of several key decisions made recently by the copper industry around the wo…

Captains of industry are often portrayed as nose-to-the-grindstone types with little interest in anything but business at hand. But this dated stereotype clearly doesn’t apply to Poul Hansen, presiden…

CBC’s recent television “expos” of the New World project near Yellowstone Park, Mont., was predictable, biased and full of weary stereotypes that badly need to be challenged. Worse than that, it was a…

Three recent conferences illustrate why environmental issues continue to be a priority for the mining industry. During the week of March 9-13, I attended Mining Week in British Columbia, a public cele…

A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…

BGR Precious Metals (TSE), the only closed end gold investment fund to survive the recent slump in bullion prices, recently cancelled its quarterly dividend. The 25 cents dividend was scheduled to be …

Deeply concerned about their chances of finding another substantial orebody to replace reserves at the aging Kidd Creek copper-zinc-silver mine, geologists at Falconbridge’s Timmins exploration office…