Gold mines’ `hidden’ costs edging higher
If it weren’t for forward sales, more than half of North America’s top gold producers would have reported pretax losses in the first quarter, says a recent report by Yorkton Natural Resources. North A…
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Aur intersects stringer zone on Jonpol’s Dalquier claims
Aur Resources (TSE) recently intersected a broad zone of stringer copper mineralization while drilling for extensions of known zones, on Jonpol Explorations’ (TSE) Dalquier Twp. claims, five kilometre…
Placer Dome options claims near Kerr copper-gold deposit
Associated companies Kenrich Mining (VSE) and Ambergate Explorations (VSE) recently completed an option agreement allowing Placer Dome (TSE) to earn interests in various claims near the Kerr deposit n…
Drilling program completed on David/Lew property
Partners Dragoon Resources (VSE) and Greenstone Resources (TSE) recently completed a 4-hole drill program on the David Lew gold project in southwestern British Columbia. The best hole returned 0.11 oz…
OBITUARY Walter Waterston
A news man who devoted his entire life to that profession, including a 10-year stint with The Northern Miner, Walter (Walt) Waterston died recently at his home in Unionville, Ont., where he had lived …
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…
Abandoned mines focus of program
A $10-million abandoned mines program is being set up by the Ontario government. The money for the Abandoned Mine Hazards Abatement Program was allocated in the recent budget brought down by the New D…
U.S. REPORT NEWS IN BRIEF Hecla, CoCa complete merger
The previously announced merger between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) is now complete following the approval of the two company’s shareholders. Each common share of CoCa common stock is …
NEWS IN BRIEF Cameco offering closes successfully
An initial public offering by Cameco (TSE) has closed successfully, raising gross proceeds of $130 million for the uranium producer. About 60% of the 10.4-million share issue was bought by institution…
Work on Flin Flon smelter on hold until ownership question resolved
With Minorco’s bid for the purchase of Hudson Bay Mining & Smelting (TSE) extended until July 31, the $187-million refit of the Flin Flon, Man., smelter remains on hold. Minorco, a Bahamian affiliate …
Imperial Group owns Mount Polley
The advanced Mount Polley copper-gold project in central British Columbia is now owned 100% by the Imperial Metals Group, with Imperial Metals (TSE) having a 60.4% direct interest. Along with two affi…
Exodus to Latin America
Most major mining companies in North America are now active in Latin America and are being rapidly followed by the middle- and junior-tier companies, according to a private research firm based in Denv…