The biggest surprise of the Feb. 20-26 report period was the sudden departure of long-time Falconbridge president and CEO Oyvind Hushovd, which apparently was related to a conflict with the management…
During 2001, High River Gold Mines (HRG-T) produced a record amount of gold from its 50%-owned New Britannia mine in Manitoba and from the mines of Buryatzoloto, a Russian company in which High River …
The most bullish of Bay Street’s gold bugs, John Ing of Maison Placements Canada, says we are about to enter a period of inflation that will dramatically improve gold prices in the medium term.In an O…
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Birim Goldfields (BGI-T) — Denis Simoneau, director, bought 200,000 shares …
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
A deal between River Gold Mines (RIV-T) and certain noteholders extends the maturity date for half of the company’s 9% promissory notes until Oct. 8, 2003.The noteholders, representing $1 million wort…
High River Gold Mines (HRG-T) has bought a further 10% shareholding in Buryatzoloto, the Russian company that operates the Zun-Holba and Irokinda mines in the Buryat region in eastern Russia.The value…
Subject to regulatory approval, High River Gold Mines (HRG-T) will issue $5 million worth of covertible debentures to Sprott Securities in order to clean up its balance sheet.The non-redeemable notes,…
Vancouver — Australian-based Anaconda Nickel continues to suffer financial woes, having posted a A$76-million loss for the second half of 2000.The loss is considerably greater than the A$6.7 million …
The Toronto Stock Exchange, closing early Sept. 11 in the wake of the terrorist attacks in the United States, slumped drastically in the day’s financial panic to cap a week of losses in which the TSE …
One of the few bright spots on the exploration front is Tanzania, where, in recent years, several majors have built sizable mining operations. In particular, Tan Range Exploration (TNX-V) is reporting…
With higher-grade development ore coming from the no. 6 zone at the Eagle River mine, 50 km west of Wawa, Ont., River Gold Mines (RIV-T) managed to climb back into the black during the second quarter….
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