Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Articles by Northern Miner Staff
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Alaskan mining sector strengthens
Exploration, development and production spending in Alaska topped $1.2 billion in 1997, up from $1 billion in 1996, according to figures released by the Department of Natural Resources.The report, ent…
Viceroy drills Argentine target
Viceroy Resource (VOY-T) has begun drilling at the Gualcamayo project in the western Argentine province of San Juan.The Vancouver-based producer has three drill rigs on the Quebrada del Diablo prospec…
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold remains a haven amid global uncertainty — Nickel dives to 11-year low as base metal majors slump
Market anxiety continued to reign during the Sept. 30-Oct. 6 report period as the economic crisis gripping Asia and Russia threatened to take hold in Latin America. The Group of Seven most-industriali…
Royalty twins pick up Romarco’s Midas play
Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have tightened their grip on the Midas district in northern Nevada by acquiring the properties of Romarco Minerals (R-T) in a stock deal value…
Magadan, firms set exploration budgets
The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…
LETTER TO THE EDITOR — The evolution of geostatistics
Jim Whyte’s recent article (“Recent history reveals trends in mine failures”, T.N.M., Sept. 28-Oct. 4/98) was an interesting read, even more so when I came across my name and quotes from a 1991 articl…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver records gains, Alberta dips slightly — Deals, good results buoy Canadian, foreign juniors
The Vancouver Stock Exchange composite index lost 7.38 points, or 1.85%, over the week ended Oct. 6 to close at 392.61. The mining index managed to tack on 3.36 points, or 1.2%, to round out our tradi…
Golden Regent, LBN cut gold in Slovakia
Drilling at the past-producing Lom gold-antimony project in Slovakia has confirmed mineralization for Golden Regent Resources (GRR-A) and its partner, LBN Syndicate of Australia.The first two core hol…