News

A 1% interest in Falconbridge Dominicana has been purchased by Redstone Resources (TSE). The deal gives Redstone an interest in one of the world’s largest nickel mining operations controlled and opera…

Twenty-five legends of the U.S. mining industry were enshrined in the National Mining Hall of Fame during its recent second annual induction banquet held in San Francisco, Calif. The event coincided w…

Easing nickel prices took the wind out of the metals and minerals index which lost a whopping 1.76% or 65.79 points to close at 3662.15 points. Morning LME nickel prices hovered around $4.70 (US) per …

If there was ever a public expenditure ready to be cut, it is the subsidy paid out to keep VIA Rail on track. Yet the cuts announced by the federal government have already met with howls of protest. I…

More significant assay results have been released from a drill program under way on Windy Mountain Explorations’ (COATS) MacLeod Lake property north of Chibougamau, Que. Results from the first four ho…

It was a long climb, but the Montreal Exchange’s general market portfolio index this holiday- shortened week rose to a new high, despite a downturn by resources issues. The market portfolio, up 22.5 p…

For the fiscal year ended June 30, Nevada Goldfields (TSE) reports a net loss of $15 million, compared with a net income of $2.8 million a year earlier. The loss includes a combined writedown of $8.2 …

Azora Minerals has changed its name to International Azora Minerals Inc. (IAZ:VSE) on a 1-new-for- 4-old share basis. Transfer agent is Montreal Trust Company.

The Mt. Milligan bulk tonnage gold-copper project near Fort St. James, B.C., has become the focus of a legal dispute between joint venture partners, Continental Gold (VSE) and BP Resources Canada. BP …

SIEMONT RESOURCES–Charles P. Neild appointed president.

A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…

Bill Roscoe of Roscoe Postle Associates will deliver a talk Oct 19 on mining property values and the 1987 stock market crash. The event, jointly sponsored by The Canadian Institute of Mining and Metal…