AngloGold expands Cresson mine
Denver — The Cresson gold mine, part of the Cripple Creek & Victor joint venture, southwest of Colorado’s Pikes Peak, is producing ore at greater than its design capacity.Originally designed to crush…
Articles by Northern Miner Staff
Buttress supports mining at Newmont’s Deep Post
Denver — In northern Nevada’s Carlin trend, Newmont Mining (NEM-N) has erected a buttress to support the south highwall at the Betze-Post mine, allowing underground miners at the Deep Post mine to ge…
Power problems mount for U.S. miners
Denver — The dramatic rise in electricity costs for mining operations in the western U.S. continues to threaten the industry. Blackouts are again keeping Californians in the dark, and deregulation go…
Canyon ponders underground mine at Briggs
Denver — Low gold prices are putting a damper on the North Briggs project, in southeastern California, reducing the size of what was to be a real cost-saver for owner Canyon Resources (CAU-X).The Den…
Expatriate receives extension
Vancouver — Cominco (CLT-T) has granted Expatriate Resources (EXR-V) a payment extension for its purchase of the Kudz Ze Kayah deposit in the Finlayson Lake District in the Yukon.According to the ame…
Teck, Mansfield persevere at Rio Grande
Vancouver-based junior Mansfield Minerals (MDR-V) is encouraged by results from the first round of drilling on the Rio Grande iron oxide-copper-gold prospect in northwestern Argentina. The program has…
LaRonde to produce more gold
Having outlined more reserves, Agnico-Eagle Mines (AGE-T) intends to increase daily production to 7,000 tons at the LaRonde gold-copper mine, near Val d’Or, Que.Since it expanded the milling rate to 5…
Kennecott slashes copper output
Denver — Kennecott Utah Copper, a subsidiary of Rio Tinto (RTP-N), has suspended operations at the North concentrator and cut 235 workers in an effort to reduce costs.Operations, including rail haula…
Homestake buys Aussie project from Rio Tinto
Denver — In return for US$27.6 million, Homestake Mining (HM-N) will acquire the Cowal project in New South Wales, Australia, from North Gold (WA), a wholly owned subsidiary of Rio Tinto (RTP-N).Acco…
Cassiar settles insurance claim
An investment group holding 49.62% of Cassiar Magnesium (CIR-T) says its decision to terminate senior management, including former chairman Clifford Frame, was done “in the best interest of all shareh…
Atna Res alters strategy
Vancouver — Atna Resources (ANT-T) has received low-grade results from a 3-hole drill program targeting the past-producing Lone Pine base metal mine, near Mayer, Ariz., and, as a result, is shifting …
Resource stocks mixed as broad market coasts
The Toronto Stock Exchange slipped a mild 6.81 points over the May 30-June 5 report period to end the week at 8,258.82.The yellow metal sank US$6.70 to land at a London fix of US$266.95 per oz. on the…