Antamina opening highlight of 2001
Vancouver — Despite the lacklustre performance of commodity prices and a weakening of the global economy, the mining sector put several mines into production and managed to expand some current operat…
Homestake Mine
Homestake posts record gold output
Denver — With gold production up, Homestake Mining (HM-N) has reported its lowest cash costs in more than two decades.Fourth-quarter production hit a record 589,100 oz. gold, up 9% from the correspon…
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Homestake settles Whitewood wrangle — Controversy over former superfund site dates back 16 years
A legal dispute that pitted the U.S. and South Dakota governments and a native band against Homestake Mining over the discharge of tailings into a local stream has been settled with a US$6-million pay…
Homestake makes $100,000
Higher production pushed Homestake Mining (HM-N) into the black during the second quarter of 1999, despite poor gold prices.The company earned US$100,000 in the 3-month period, compared with a loss of…
NEVADA & THE WESTERN STATES — Wharf mine a solid producer for Goldcorp
While most of the attention directed toward Goldcorp (G-T) is related to its Red Lake development in Ontario, the Toronto-based company has been quietly cranking out gold at its expanded Wharf mine in…
NEVADA & THE WESTERN STATES — Ruby Hill low-cost producer for Homestake
Constructed at a cost of US$64.7 million, Homestake Mining’s (HM-N) Ruby Hill gold mine near Eureka, Nev., has become the century-old mining company’s lowest-cost operation.The new mine achieved comme…
Homestake’s mines turn in successful quarter
Gold mines belonging to Homestake Mining (HM-N) performed well in the first quarter, but not well enough to keep the company out of the red.Homestake reported a net income from operations of US$600,00…
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
Naneco begins drilling on property in South Dakota
In South Dakota, Naneco Minerals (nne-a) has begun drilling on a property it believes is geologically similar to the nearby Homestake gold mine.Drilling on the Cochrane property started in March, and …