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 (…
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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…
EDITORIAL & OPINION — Easier to destroy than to build — Tuning out
Politics has always been a blood sport, but it has been painful in this year of global economic crisis to watch some American politicians focus on little else than their obsession to remove President …
San Gold drills Bissett project
Winnipeg Stock Exchange-listed San Gold Resources (SGR-W) is encouraged by results from an ongoing drill program at its Bissett area gold project in northern Manitoba.Results from recent drilling incl…
Production up at San Francisco
Geomaque Explorations (GEO-T) has boosted production by one-third at its San Francisco gold mine in Mexico’s Sonora state.During the three months ended Sept. 30, the mine churned out 17,150 oz. gold, …
Aur slips into red in third quarter
Lower operating costs at the jointly owned Louvicourt and Andacollo mines were not sufficient to keep operator Aur Resources (AUR-T) out of the red during the third quarter.The company reported losses…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Oro Nevada takeover fizzles
Vancouver-based American Copper (ACC-V) is mulling its options after intended takeover target Oro Nevada Resources (ONV-A) announced plans to sell the Dean Ranch gold property in Nevada’s Crescent Val…
Partners drill for Ghanaian gold
Partners Battle Mountain Gold (BMC-T) and Birim Goldfields (BGI-T) have begun reverse-circulation drilling at their Dunkwa gold property in Ghana.Battle Mountain, which is managing the project on beha…
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…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Producers focus on cost-cutting in absence of gold rally
A year ago, mining companies talked mostly about their expanding reserves and resources. At the recent Mining Investment Forum in Denver, gold producers were grilled by mining analysts and fund manage…
DIAMONDS — The Tli Kwi Cho fiasco
In the end, quality — not quantity — determines the economics of a diamond-bearing kimberlite. If the diamonds can’t be marketed as gems, the deposit — no matter how high-grade — is virtually wort…
DIAMONDS — Revised law opens doors for South African miners — Marsfontein property dispute a catalyst for legal changes
A new mineral investment policy in South Africa is expected to open up exploration and mining in that country following decades of dominance by the large mining houses.A new white paper, announced by …