Cost-cutting adds strength to Eldorado
Rigorous cost-cutting enabled Eldorado Gold (ELD-T) to triumph over production shortfalls in the recent fourth.During the 3-month period ended Dec. 31, 1998, Eldorado produced 39,932 oz. gold, compare…
News
Lac Rocher property picture begins to clear
Staking around the Nuinsco Resources (NWI-T) nickel-copper discovery near Lac Rocher, Que., is continuing, as option deals are being signed on properties in the region, about 120 km northeast of Matag…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Mr. Sandman
While prospecting near Lake Abitibi in Ontario in 1963, I had an odd experience involving a so-called gold mine.In order not to have any problems with thieves while I was prospecting, I would park the…
Sterlite invests in First Dynasty
A US$7.5-million private placement by Sterlite Industries will enable First Dynasty Mines (FDM-T) to shore up its treasury and fund its projects in Armenia.The Singapore-based company currently produc…
Dayton retains advisor
Dayton Mining (DAY-T) has retained Nesbitt Burns as its financial advisor, partly in order to determine whether any restructuring of the terms of its convertible debentures is warranted.Despite the ap…
No need for concern over Tarkwa production
The recent article “Golden Knight, Repadre Capital tie knot” (T.N.M., Jan. 25-31/99), regarding the proposed acquisition of Golden Knight by Repadre Capital, contained the statement that Golden Knight…
Conferences offer grab bag of mining topics
Mining in the 21st century will be the focus of a conference in Arequipa, Peru, from Sept. 6 to 10.Entitled “Mining: Challenges of the Third Millennium” and sponsored by the Institute of Mining Engine…
Aurizon boosts reserves at Quebec mines
For the fifth consecutive year, exploration has enabled Aurizon Mines (ARZ-T) to increase proven and probable reserves at its Quebec mines.After replacing record production of 56,291 oz. in 1998, Auri…
Fraser Institute had it right
An ad which appeared in the Jan. 18-24 edition of The Northern Miner concerned misconceptions about Yukon mining.While the ad was placed in good faith by the Yukon government, it was not approved by t…
SPOT PRICES (February 22, 1999)
Precious MetalsPrice (US/oz)ChangeGold*$285.35-$1.75Silver*$ 5.39-$0.14…
TSE INDICES (February 22, 1999)
1999Feb. 16Feb. 15Feb. 12Feb. 11Feb. 10HighLowCom…
Gitennes sells Virgen property to Cambior
Montreal-based Cambior (CBJ-T) has acquired the Virgen property in Peru, along with other gold exploration concessions in the South American nation, through the purchase of a Peruvian company owned by…