Commodity prices take toll on US mining
As American miners ring in the new year, they are also bidding good riddance to a year they would just as soon forget. Several factors conspired against the U.S. mining industry in 1998, making it one…
Placer Dome Inc
EASTERN MARKETS — Royal Oak, Greenstone sink as duo grapples with debt load — Viceroy Resources hits hot holes in Argentina’s San Juan province
During the holiday-shortened Dec. 22-28 report period, the TSE 300 composite rose 1.3% to 6,465.38 points while the gold and precious minerals sub-index edged off slightly to 5,8903.94 points. The met…
Las Cristinas awaits starter’s orders — Construction of mine, mill expected to last two years
Making a mine is difficult enough without additional distractions. Having endured protests from illegal gold miners and the nuisance of a protracted challenge to its land title, Placer Dome (PDG-T) ca…
Companies (December 28, 1998)
Agnico-Eagle MinesAlto MineralsArchangel DiamondArizona Star ResourceBattle Mountain GoldBema GoldBlack Hawk MiningBotswana DiamondfieldsBroken Hill ProprietaryChesbar ResourcesComincoCross Lake Miner…
Placer updates Cerro Casale resource
Placer Dome (PDG-T) has boosted the geological resource estimate of the Cerro Casale deposit in northern Chile.Situated on the Aldebaran property, 250 km southeast of Copiapo, the deposit now has a me…
Companies (December 21, 1998)
Aber ResourcesAlberta EnergyArgentina GoldAshton Mining of CanadaBarrick GoldBattle Mountain GoldBeaufield Consolidated ResourcesBreakwater ResourcesBroken Hill ProprietaryCanaco ResourcesCanadian Gol…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE suffers mild setback, gold producers gain
The Toronto Stock Exchange 300 index fell 163.1 points during the report period Dec. 9-15, ending the week at 6,236.67.Gold producers regained some investor confidence, as the gold and precious metals…
Placer makes bid for Getchell
Placer Dome (PDG-N) is poised to acquire all the outstanding shares of Getchell Gold (GGO-X) in a US$1.08-billion manoeuvre aimed at taking over the company’s underground operations in northern Nevada…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Output up for Nevada gold
Nevada mined 7.8 million oz. gold in 1997, which is 75% of all gold produced in the U.S. and nearly 10% of world production.Gold production in Nevada makes the U.S. the second leading gold producer in…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow shakes off downward trend
After five straight days of losses, the Dow Jones industrial average turned things around with a gain of 126 points on Dec. 15, the last day of our report period. However, the average was still off 20…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
INAP seeks solutions to acid drainage
Six Canadian companies are spearheading an effort to help control acid drainage at mining projects.Majors Placer Dome, Inco, Noranda, Teck, Rio Algom and Falconbridge are among 17 companies that forme…