Agnico-Eagle poised to triple production
Agnico-Eagle Mines (AGE-T) is proceeding with plans to boost daily production at its Laronde gold mine in Quebec to 5,000 tons.In the mid-1990s, the company discovered extensive gold-silver-copper-zin…
News
TVX-Normandy JV gets thumbs-up
TVX Gold (TVX-T) and Normandy Mining (NDY-T) have formed a joint venture to explore for gold in the Americas.The partnership, announced in April (T.N.M., May 3/99), sees the creation of TVX Normandy A…
Newmont Mining follows Yamana Resources to Paraguay
Newmont Mining (NEM-N) has signed an agreement with Yamana Resources (YRI-T) to begin exploring for gold in Paraguay.The major will spend US$5 million over six years to earn a 70% interest in the Para…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Canadian spending drops
Final figures for 1997 show that exploration and deposit appraisal expenditures in Canada totalled $820.2 million, compared with $894.8 million in 1996, a drop of nearly $75 million.According to Natur…
Kvaerner to upgrade Thompson copper facilities
The engineering and construction arm of London-based Kvaerner has been awarded a $9-million contract to upgrade the copper production facilities at Inco’s division in Thompson, Man.The 3-stage project…
Seahawk plans emerald mine in Brazil — Gross revenue projected to reach US$30 million per year
With encouraging drill results and a strong prefeasibility study, Seahawk Minerals (SKM-V) is moving ahead with development of its emerald project in eastern Brazil.The Englewood, Colo.-based company …
Donner explores ground near Lac Rocher project
In the Lac Rocher area of Quebec, Donner Minerals (DML-V) is exploring ground it has optioned from Falconbrige (FL-T) and Noranda (NOR-T).The $1-million field program will consist of geologi…
NAME CHANGE (July 05, 1999)
Athlone Resources (AT-V) has changed its name to Athlone Minerals (ATH-V) on a 1-new-for-1-old-share basis.
MOST ACTIVE ISSUES, June 23-28
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Firmer metals propel producers
The Dow Jones industrial average fell slightly during the report period ended June 28, closing down 66.48 points, or 0.6%, at 10,655.15.Metal producers perked up as the price of both copper and gold s…
EDITORIAL & OPINION — Innovation and culture — The Me Generation
The baby-boomers like to think they led the way, but it was really their parents — the Second World War generation — who entrenched innovation, entrepreneurship and individualism in North American c…
Manitoba shells out for exploration projects
The government of Manitoba will contribute $1.2 million to exploration projects in the province.The funding is part of the government’s Mineral Exploration and Assistance Program (MEAP), designed to a…