NEWS ROUNDUP — Nevada operations cut jobs
Barrick Goldstrike Mines has eliminated 86 jobs at the Betze-Post and Meikle gold mines in Elko, Nev.The company has replaced a portion of the existing 190-ton-capacity fleet with 330-ton capacity tru…
Articles by Northern Miner Staff
NAME CHANGE (November 15, 1999)
BDG Pacific Resources (BPK-V) has changed its name to Southern Nites Petroleum (SKP-V) on a 1-new-for-4-old-share basis.
Monarch looks for capital and projects
Following the sale of its La Camorra gold mine in Bolivar state, Venezuela, Monarch Resources (MRE-T) is casting about for business opportunities.Monarch sold La Camorra and its exploration properties…
Battle Mountain improves
Showing an improvement over the second quarter, Battle Mountain Gold (BMG-N) nonetheless incurred a net loss of US$14 million (or 6 cents per share) in the 3-month period ended Sept. 30.By comparison,…
NEWS ROUNDUP — Yamana finances mine development
Northgate Exploration (NGX-T) will provide US$4 million to Yamana Resources (YRI-T) to develop the Bacon silver project in southern Argentina.Yamana intends to build a small underground mine on the Ve…
DIAMOND PAGE — Aber gets nod from environment minister
Aber Resources’ (ABZ-T) 40%-owned Diavik diamond project in the Northwest Territories has moved one step closer to production.Federal Environment Minister David Anderson concluded that the project is …
Philex losses shrink in latest quarter
Lower production costs offset lower realized gold prices for Philex Gold (PGI-T) in the third quarter of the year, shrinking the company’s loss figures.Toronto-based Philex lost US$1.5 million (or US4…
Pogo focus of next CIM lunch
The discovery and characteristics of the Pogo gold deposit in Alaska will be discussed at the next meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum, to be he…
EuroZinc hits best hole ever at Aljustrel
Drilling by EuroZinc Mining (EZM-T) has confirmed the presence of high-grade mineralization at the Feitais zinc deposit in southern Portugal.The hole, drilled in the newly discovered FS60 zone, hit 25…
Apex completes offering
Two equity offerings by Apex Silver Mines (SIL-X) have raised a combined US$97.1 million, to be put toward construction of the San Cristobal project in Bolivia.In early November, the company announced…
OBITUARY — Kenneth Darke
Kenneth Darke, who helped discover the huge Kidd Creek base metal deposit near Timmins, Ont., has died following a long battle with cancer. He was 66.Born in Trail, B.C., Darke obtained a geological e…
INVESTMENT COMMENTARY — Corner Bay gets nod for success at Alamo Dorado project
With results in hand from the final phase of infill drilling, mining analysts are awaiting a revised tonnage estimate for Corner Bay Minerals’ (bay-t) Alamo Dorado silver project in Sonora state, Mexi…