Bre-X may sell all or part of Busang
Following consultation with Republic National Bank of New York and J.P.Morgan & Co., Bre-X Minerals (BXM-T) may be willing to sell part or all of its Busang deposit in Indonesia.Bre-X announced it wou…
Placer Dome Inc
STOCK MARKETS — TSE rises as mining stocks fall
The Toronto Stock Exchange continued its record-setting pace in the period Sept. 25-Oct. 1, with the TSE 300 index closing at 5,329.55, up 26.89 points, or 0.6%, from the previous week. The average da…
Conference to focus on native-corporate relationships
Canada Forum and the Canadian Aboriginal Minerals Association will co-host the fourth annual conference on the relationship between mining companies and aboriginal communities.Entitled “Tapping Tradit…
Placer Dome advances clean-up
In the Philippines, a work crew is persevering in its attempt to seal a breached tailings impoundment that dumped 4 million tonnes of mine waste into a nearby river in March, Placer Dome (PDL-T) repor…
STOCK MARKET — Mines left gasping as TSE sets records
The Toronto Stock Exchange composite index set four records in five trading days over the report period Sept. 18-24, to finish at 5299.66 points, up 31.18 points, or 0.6%, on the week.Trading volumes …
STOCK MARKETS — Market sets record without help from mines
The Toronto Stock Exchange vaulted past its previous record high on Sept.16, as the TSE 300 index closed the period Sept. 11-17 at 5,268.48, up 121.36 points from the week before, a gain of 2.4%. Fear…
Vedron drills hit gold near Timmins
For Vedron Gold (VDGI-M), Ontario’s Timmins gold camp still has the right stuff.At its wholly owned property in Tisdale Twp., the company is carrying out a 50,000-ft., 40-hole program aimed at testing…
STOCK MARKETS — Speculation weakens western resource index
The Vancouver Stock Exchange composite index slipped 18.11 points over the report period ended Sept. 10 to close at 1,215.54. The resource index fell even farther, dropping 94.07 points to finish at 2…
Pioneer options deposit near Puffy
As part of a strategy to reactivate the Puffy Lake gold mine near Flin Flon, Man., Pioneer Metals (PSM-T) has optioned the nearby Nokomis Lake gold property in hopes of establishing a reserve there mi…
STOCK MARKETS — Gold issues sink on Toronto market
The Toronto Stock Exchange traded heavily but went virtually nowhere in the period Sept. 4-10, closing at 5,147.12, up 4.77 points from the previous week. The average daily volume was in the range of …
STOCK MARKETS — Western indices continue upward trend
The Toronto Stock Exchange lost some ground over the trading period ended Sept. 3, with the TSE 300 composite index off 21.99 points to close at 5,151.89. Trading was active in the earlier part of the…
Placer Dome intersects gold at property near Detour Lake
Drill holes on two projects in the Detour Lake area of northeastern Ontario have intersected gold mineralization.Placer Dome (PDG-T), drilling on a property it holds under option from Gowest Amalgamat…