Refugio shows improvements
The Refugio mine in northern Chile is showing signs of improvement for equal owners Bema Gold (BGO-T) and Kinross Gold (K-T).The open-pit operation, which employs 3-stage crushing combined with heap l…
Articles by Northern Miner Staff
Pioneer drills at Riou Lake
Drilling is under way at Pioneer Metals’ (PSM-T) Riou Lake uranium project in Saskatchewan’s Athabasca Basin.Six holes totalling 4,000 metres are planned, three of which will test an electromagnetic c…
McWatters cuts production costs
Delayed development at one of its two mines near Val d’Or, Que., translated into lower production for McWatters Mining (MCW-T).Combined, the Kienna and Sigma mines cranked out 169,255 oz. in 1998, com…
NAME CHANGE (February 15, 1999)
General Allied Oil & Gas (ALO-V) has changed its name to Allied Resources (ALO-V) on a 1-new-for-5-old-share basis.
Zaldivar deal falls through
An agreement under which Aur Resources (AUR-T) would have bought a half-interest in the Zaldivar copper mine in northern Chile from Outokumpu has proved too rich for Aur’s blood.Aur was to have paid U…
Loss for Cyprus
Englewood, Colo.-based Cyprus Amax Minerals (CYM-N) posted a net loss for 1998 as a result of low copper prices.The loss of US$75 million (or $1.02 per share) compares with earnings of US$69 million (…
Index (February 15, 1999)
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Greenstone tallies resources
Drilling in 1998 added reserves to Greenstone Resources’ (GRE-T) Cerro Mojon and San Andres gold mines, in Nicaragua and Honduras, respectively.Proven and probable reserves at Cerro Mojon now stand at…
Edwards mine remains in red
River Gold Mines (RIV-T) reports having produced 12,800 oz. gold from the Edwards gold deposit near Wawa, Ont.In total, 34,162 tonnes were transported to the company’s nearby Eagle River mill, bringin…
Canaco Res. identifies target
Exploration by Canaco Resources (CSE-M) has resulted in the discovery of a volcanogenic massive sulphide (VMS) target at the Lady Pond property near Springdale, Nfld.The junior discovered a north-east…
Newmont writes down assets
Low gold prices in the fourth quarter of 1998 forced Newmont Gold (NEM-N) to write down the value of the assets it acquired as a result of merging with Santa Fe Pacific in the previous year.The compan…
Energold’s expansion reflects stability in Dominican Republic
Having established its presence here more than a decade ago, Energold Mining (EGD-V) is continuing to focus on exploring for volcanogenic massive sulphide (VMS), porphyry copper-gold and epithermal go…