1998

Juniors to drill Batchawana

Fort Knox Gold Resources (FNX-T) and Aurogin Resources (AUQ-V) are collaborating on a diamond drill program at the later’s Batchawana polymetallic property near Sault Ste. Marie, Ont.By year-end, betw…



Inco hit by weak demand

Low nickel prices cut deep into Inco’s (N-T) sales revenue and pulled the major back into the red during the third quarter.For the three months ended Sept. 30, Inco lost US$24 million (or 18 cents per…


Phelps Dodge slashes production (November 02, 1998)

Succumbing to the pressures of low metal prices, Phelps Dodge (PD-N) has decided to cut copper production at three mines.The company will curtail production at two mines in New Mexico and one in Chile…


Wheaton River keeps head above water

Junior producer Wheaton River Minerals (WRM-T) remains in the black, thanks to higher output and lower costs at its seasonal Golden Bear mine in northern British Columbia.For the nine months ended Sep…


Cominco suffers loss in third quarter

Low metal prices, a weaker Canadian dollar and an operating loss at its Trail production facilities in southeastern British Columbia all contributed to a less-than-stellar third quarter for Cominco (C…


Ontex to merge with Fortune subsidiary

An agreement between four companies closes the book on a long-running property dispute between Ontex Resources (ONT-A) and Metalore Resources (MET-T), and gives Fortune Minerals (FT-T) effective contr…


Falco on cost-cutting track

Pushed by low prices for nickel, copper and zinc, Falconbridge (FL-T) slipped a little deeper into the red during the past quarter.For the three months ended Sept. 30, the company lost $10.5 million (…


Teck to go underground at Pogo

At the Pogo gold project in east-central Alaska, Teck (TEK-T) has completed a $5.5-million program of surface exploration consisting of 91,000 ft. of definition and stepout drilling in 97 core holes.T…




LETTER TO THE EDITOR — Geostatistics a complex issue

As an exploration and mining geologist, I am very uneasy with the image projected by the editorial “Challenging geostatistics” and the feature “Recent history reveals trends in mine failures,” which t…


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