Lac des Iles mine enters commercial production
After suffering through an icy winter startup, the Lac des Isles platinum group metals (PGM) mine, 60 miles north of Thunder Bay, Ont., has entered the “commercial production” phase. An operating prof…
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Placer Dome building new mines across globe
By the year 2000, Placer Dome (TSE) expects to reach its goal of producing 2.5 million oz. gold per year from operations around the world. The major has four operating units, with numerous development…
NEWS ROUNDUP — Cyprus, Ogy hit gold at Fenelon
Five of six holes on the northwestern quarter of the Fenelon Twp. property in northwestern Quebec have intersected gold-copper vein mineralization. According to operator Cyprus Canada, the best inters…
All-North sells Wellgreen property
Two parties — J.P. Sheridan of Toronto and VSE-listed Northern Platinum — have acquired an option on the Wellgreen property in the Yukon’s Kluane region. The property has been explored intermittentl…
LAST BUT NOT LEAST — Fenton reserves double
Reserves have doubled at the Fenton gold property in the Chibougamau-Chapais area of Quebec. Cache Exploration (ME) says test results indicate a preliminary estimate of 302,976 tons grading 4.24 grams…
Agnico to spend $65 million
During the next four years, Agnico-Eagle Mines (TSE) will spend close to $65 million on development at its LaRonde mine in northwestern Quebec. At the annual meeting, shareholders were told the money …
MINING IN CHILE — Niugini projects increase in San Cristobal
The San Cristobal mine of Niugini Mining in the Atacama Desert in northern Chile produced 49,000 oz. gold and 139,000 oz. silver last year, compared with 58,000 oz. gold and 177,000 oz. silver in 1992…
MINING IN CHILE — Homestake tests near El Hueso
In a bid to extend the life of El Hueso, a gold mine in Chile, Homestake Mining (TSE) has acquired additional lands around the minesite with a view to proving up reserves. The modest-sized, open-pit m…
Geddes seeks down payment’ for expropriated claims
During the past 12 months, Geddes Resources (TSE) has made more than 80 attempts to persuade the British Columbia government to begin the process of compensation for its expropriated Windy Craggy copp…
Candelaria check assays prove disappointing for Rio Amarillo
Check assays on core from the Candelaria copper prospect in Peru have failed to improve upon previous results. Property owner Rio Amarillo (VSE) sent samples from the secondary enriched zone of six dr…
Gold demand on the rise in Pacific Rim markets
Gold demand in major developing markets in the Pacific Rim rose 10% to a record 98.4 tonnes during the first quarter of 1994 — a 10% rise over the same quarter last year, the World Gold Council repor…
Joutel releases Cuban exploration results
Toronto-based Joutel Resources (TSE) has received encouraging results from its Cuban holdings. Since January, the company has been collecting data on its concessions in the Santa Clara, Camaguey and S…