Cominco ponders restarting mine
A buoyant zinc market has induced Cominco (CLT-T) to consider reopening the Sa Dena Hes zinc-lead mine, 45 km north of Watson Lake in southeastern Yukon.The mine was closed in December 1992 as a resul…
Articles by Northern Miner Staff
PEOPLE — PLACER DOME (August 25, 1997)
Dee Parkinson-Marcoux appointed director.
Inmet posts profit in second quarter
Thanks to higher copper and zinc prices, as well as drops in both cash costs and exploration expenditures, Inmet Mining (IMN-T) was able to post a profit for the second quarter.For the three months en…
Treminco hard at work in Territories
Buoyed by recent drill results, Treminco Resources (TMO-T) is planning a further 1,000-metre drill program at its Sito property, 40 km north of Yellowknife, N.W.T.Drilling this summer tested a structu…
Zinc price, higher output add strength to Cambior — Work stoppage at Omai gold mine in Guyana ends after three days
Increased capacity at the Omai gold mine in Guyana and improved prices for zinc in the first half of 1997 combined to increase net earnings at Cambior (CJB-T) to US$3.3 million, compared with US$2.1 m…
Fortune expands Nico zone
Drilling by Fortune Minerals (FORM-C) has expanded known mineralization at the Nico property, 170 km northwest of Yellowknife, N.W.T.The new drilling, in the south-central part of the property’s Bowl …
LITERATURE REVIEW — Hedging gains reduce Pegasus’ losses
Low prices present challenges for any gold producer, but companies with low-grade operations are often hardest-hit by weakening prices for the precious yellow metal.Pegasus Gold (PGU-T), which operate…
LITERATURE REVIEW — United Keno seeks financing
A licence issued by the Yukon Water Board will enable United Keno Hill Mines (UKH-T) to move forward with plans to resume production at its namesake silver-lead-zinc mine there.The permit has been for…
LITERATURE REVIEW — NEWS ROUNDUP — Stroud options Temagami properties
Stroud Resources (SDR-T) has signed a $3-million deal with privately owned Wabana Explorations to acquire the Leckie gold project, near Temagami, in northern Ontario.Wabana must make initial payments …
Ontex and Metalore settle legal dispute
One of the longest running legal disputes in recent mining history has come to an end.Ontex Resources (ONT-T) and Metalore Resources (met-t) began their legal battle over the Brookbank property in 198…
Echo Bay defers mine construction plans
Low gold prices have derailed plans by Echo Bay Mines (ECO-T) to construct two new gold mines — Paredones Amarillos in Mexico and Aquarius in Canada — and develop the Ulu gold project in Canada’s No…
Exploration continues at Stenpad
The exploration program at the Stenpad concession in Ghana is continuing following a technical audit that concluded earlier trench sample assays were “unreliable.”Golden Rule Resources (gnu-t) and Hix…