Iamgold updates reserves at Sadiola Hill
Markham, Ont.-based Iamgold (IMG-T) has updated the reserve and resource estimates of its three major gold assets in Mali.The most prized of these is the Sadiola Hill open-pit mine, which is owned 38%…
News
Creditors draw curtain on Royal Oak — Witte attributes collapse to low metal prices, bad luck
The Ontario Court (General Division) finally shut down the show at gold producer Royal Oak Mines (RYO-T), putting the company into receivership when creditors could not agree on a restructuring deal.T…
LME WHSE LEVELS (April 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 20/99 (change from April 13 in brackets):MetalStocks(tonnes)Change…
LATIN AMERICA — 2002: a Peruvian mining odyssey — Antamina faces economic, social, environmental challenges
Augusto Baertl, president of Minera Antamina, is not one to downplay the challenges faced by the consortium of three Canadian companies developing the huge Antamina copper-zinc deposit in the Peruvian…
Careers (April 26, 1999)
KINROSS GOLD CORPORATION,p>Kinross Gold Corporation is an entrepreneurial mining company, which in a span of just over five years has become a million-once gold producer. With seven primary, low cost …
LATIN AMERICA — Alumbrera improves performance
With startup problems behind it, the Alumbrera copper-gold mine in northwestern Argentina was close to breaking even in 1998.The open-pit mine, owned 25% by Rio Algom (ROM-T), achieved commercial prod…
METAL PRICES (April 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 20April 19April 16Apri…
Northair hot on Venturina project
International Northair Mines (INM-V) continues to produce encouraging results at the Venturina project in Mexico’s Chihuahua state.The company is acquiring the project in return for paying US$138,000 …
LATIN AMERICA — Peru appears poised for mining revival
So common was gold in the ancient Incan empire that garments made of colourful feathers from jungle birds had more status than ones adorned by the yellow metal. Yet only now is Peru experiencing a gol…
LETTERS TO THE EDITOR — Band-Ore takes mines minister to task
Dear Chris Hodgson:The recent actions of the Ontario government with their “Lands For Life” policies appall me and my shareholders. The government has enacted a policy during the worst business cycle …
LATIN AMERICA — Medallion, Advanced team up at Gui Gui property
Medallion Resources (MDL-V) has entered into an agreement to earn a majority interest in the Gui Gui lead-zinc-silver property in northern Mexico.The property, currently held entirely by Advanced Proj…
DIAMOND PAGE — NAME CHANGE (April 26, 1999)
Chandeleur Bay Production (CYJ-V) has changed its name to Golden Raven Resources (GVN-V) on a 1-new-for-7-old-share basis.