Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…
During the first 19 days of production for new owner McWatters Mining (MCW-T), the Kiena and Sigma gold mines in Quebec’s Val d’Or camp turned out 8,409 oz. gold at a cash operating cost of US$241 per…
Coeur d’Alene Mines (CDE-N) has received permission to develop, the Kensington gold project, 45 miles north of Juneau, Alaska.The company is engaged in studies with independent consultants aimed at lo…
Cyprus Amax Minerals (CYM-N) will proceed with the development of the Cerro Negro copper project, adjacent to its Cerro Verde copper mine in southern Peru.The projected cost of developing Cerro Negro,…
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
The author is outgoing president of the Mining Association of Canada. On the eve of his retirement from that Ottawa-based organization, he has written the following article at the request of Keep Mini…
Despite labor unrest at its Sudbury division, Falconbridge (FL-T) managed to post some hefty profits in the third quarter, while advancing several projects.The base metal titan earned $23.5 million (o…
Gold prices may be in a slump and nickel prices barely breathing, but Manitoba is still pushing ahead with its goal to boost mineral exploration by 50% by the year 2000 from 1993 levels. At the same t…
With the official opening of an underground test area, the Northern Ontario Centre for Advanced Technology (NORCAT) is fast becoming Canada’s premier proving ground for new mining technology.NORCAT, w…
The first diamond results from mini-bulk sampling of the K14 kimberlite at the Buffalo Hills project indicate a high variability in diamond content over relatively short distances in the kimberlite bo…
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A private placement of 5.6 million shares at a price of US30 cents each has netted US$1.7 million for privately owned Diamond Fields International.Proceeds will be used to resume exploration of the wh…
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