Cominco cans Sa Dena Hes
Plans by Cominco (CLT-T) to reopen the Sa Dena Hes zinc-lead mine in southeastern Yukon have been cancelled following the deterioration of market conditions.Cominco, the operator, has a 25% interest i…
1997
Drill results keep hope alive at South Voisey’s Bay
It isn’t the glittering confirmation of mineral riches that investors has been hoping for — but it isn’t bad.Nickel grades found in the season’s last drill hole at the South Voisey’s Bay project in L…
Old, new mining districts subjects of tour
Historic and current mining operations in Europe and Mexico will be the focus of several tours offered by a British company throughout 1998.Regions scheduled to be visited include:* the Iberian pyrite…
Getchell lays off 100 at namesake mine in Nevada — Low gold prices take toll on mine plan
Dismayed by the low gold price, Getchell Gold (GGO-T) has ceased processing of low-grade ore from stockpiles and issued pink slips to 100 workers at its namesake gold mine in northern Nevada.Meanwhile…
DIAMOND PAGE — Nora ups production in Namibia
Nora Exploration (NXI-M) has increased production at its diamond concession in Namibia.Production in November topped 32 tons per hour, representing a fourfold increase over previous rates. Grade and c…
DIAMOND PAGE — Plug pulled on Acordo
Trans Hex International (THI-T) has discontinued work at the Acordo diamond project in Brazil’s Tocantins state.The company had already earned an 80% stake in the joint-venture project from privately …
TSE Short Positions (December 22, 1997)
Short position outstanding at November 30, 1997Larger individual positions include: Athabaska Gold 125,000, up 125,000; Barrick Gold 11,179,390, down 551,576; Campbell Resources 4,168,578; Echo Bay 85…
Altavista raises funds for Santa Anna drilling
Altavista Mines (AIA-M) has raised a total of $829,000 to finance the latest phase of drilling at its Santa Anna gold project in northwestern Quebec.Altavista closed on an initial $429,000 of a $650,0…
Miner reps to speak at CIM student night
The Bre-X Minerals fraud will be the topic of discussion at a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held Jan. 15 at Toronto’s Ontario Club.The discussion…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…
LETTER TO THE EDITOR — Ruling based on cash paid, not incurred costs
In an otherwise accurate account of Exall Resources’ promising exploration results at the Glimmer mine in northeastern Ontario (T.N.M., Nov. 17/97), The Northern Miner may have misrepresented the effe…
Teck, MM Gold pull out of Masao 13 NEWS IN BRIEF
Teck (TEK-T) and Australian producer MM Gold have scrapped a proposal to explore jointly the Masao gold project of South Pacific Resources (SHF-A) in Kalimantan, Indonesia.Teck and MM Gold decided aga…