Operator Noranda (NOR-T) is looking to start production at the Bell Allard zinc-copper mine in Quebec’s Matagami region by the second quarter of 1999.Capital costs for the 2,000-tonne-per-day operatio…
A recent US$120-million financing is enabling Royal Oak Mines (RYO-T) to complete construction of the Kemess gold-copper mine in north-central British Columbia.The open-pit mine is scheduled to come o…
Banded iron formation-hosted gold deposits, Part 2Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and …
Underground drilling at the Red Lake mine in northwestern Ontario has expanded one gold zone and led to the discovery of another, Goldcorp (G-T) reports.The company recently completed 135 diamond dril…
Preliminary exploration by Plata-Peru Resources (PPU-A) has confirmed the presence of base metal mineralization near its Pachapaqui mine in Peru.Work included ground geological mapping and sampling of…
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Production at the Central American gold mines of Greenstone Resources (GRE-T) is on track to reach 233,000 oz. gold in 1998, a substantial increase from the 63,563 oz. produced in 1997.For the first q…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
With more than $80 million spent to date on environmental and technical studies, Aber Resources (ABZ-T) and Diavik Diamond Mines have submitted a mining proposal for their Diavik project 300 km northe…
Low gold prices have prompted Echo Bay Mines (ECO-T) to defer construction at the Aquarius gold project near Timmins, Ont. Echo Bay owns 100% of the project, which, at last report, hosted reserves of …
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
An underwriting syndicate, led by RBC Dominion Securities, has agreed to buy 8 million shares of Bema Gold (BGO-T) at $3.75 each. The deal is expected to raise proceeds of $30 million.The underwriters…
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