Cumberland finds sixth deposit at Meadowbank
Following summer drilling on the PDF prospect at the Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is confident it has discovered a new deposit.The company spent $6.5 million at Mea…
News
The Northern Miner — North American Mining Index (November 04, 2002)
68.10 (-0.33)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 04, 2002)
67.82 (+3.81)(Sept. 30/98 = 100)…
A hole in the ground with a buyer on top
Mark Twain is credited with having defined a mine as a “hole in the ground with a liar on top.” But when it comes to the diamond business, it’s a “hole in the ground with a buyer on top.”Diamonds trav…
High Arctic zinc mine closures signal end of era
Nanisivik, Nunavut — The final zinc and lead concentrate shipments from the High Arctic departed for Europe’s smelters in September, signaling the end of an era for Canadian mining.For more than two …
Wolfden outlines depth potential at High Lake
Vancouver — Wolfden Resources (YWO-V) continues to intersect high-grade copper mineralization at depth and down-plunge in the B zone of its High Lake property, in the Kitikmeot region of Nunavut, abo…
NAME CHANGES (November 04, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.Seine River (SRO-V) has changed its name to Trinity Plumas Capital…
Canada’s second diamond mine prepares for startup
With prestripping well under way following dewatering of the A-154 open pit, construction and commissioning of the Diavik diamond project in Canada’s barren north is on budget and ahead of schedule.Th…
Asarco ponders Mission closure
Vancouver — Asarco, the U.S. subsidiary of Grupo Mexico, is considering closing its Mission copper mine is southern Arizona.The announcement, prompted by high production costs and low copper prices, …
More output, fewer workers
Mineral production is increasing as mining employment steadily declines, according to a report produced by the United Nations’ International Labour Office (ILO) in Geneva. The report points out that m…
Higher prices spell profit for Inmet
Higher metal prices and a strong performance by the Pyhasalmi copper-zinc mine in Finland propelled Inmet Mining (IMN-T) to a profit in the third quarter.The company earned $3.7 million (or 7 per sha…
Higher earnings for Richmont
Buoyed by higher gold prices, Richmont Mines (RIC-T) wrapped up its second straight profitable quarter at the end of September.Earnings approached $4.3 million (or 28 per share) on revenue of $17.3 m…