Eldorado cuts costs at Sao Bento mine
Modifications to the Sao Bento mine in eastern Brazil have enabled Eldorado Gold (ELD-V) to reduced overall cash operating costs in the third quarter.The company’s cash costs were slashed by 18%, to U…
Articles by Northern Miner Staff
OBITUARY — Robert Smith
Robert M. Smith, a mining engineer who was often described as “the soul” of Barrick Gold, died Oct. 27 in a Toronto hospital from complications resulting from surgery. He was 66.While Chairman Peter M…
GOLD FUNDS (November 02, 1998)
Gold Funds as of October 22, 1998BGRCentralNet Value$14.035.97Price$10.60…
Choiceland property dispute sparks charges of leaks
The claim dispute between Saskatchewan steel producer Ipsco (IPS-T) and junior explorer Copperquest (COPQ-C) continues, with accusations that Ipsco was provided advance information that the disputed a…
Careers (November 02, 1998)
Diavik Diamond Mines Inc.
NAME CHANGE (November 02, 1998)
Warner Ventures (WVL-V) has changed its name to Copper Ridge Explorations (KRX-V) on a 1-new-for-4-old-share basis.
CORRECTION (November 02, 1998)
Our Insider Trading report of Sept. 28 reported that Comaplex Minerals (CMF-T) had bought 10,000 shares in Cumberland Resources (CBD-T) at $1.50 to hold 1,616,400 shares.The transaction did take place…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gloomy year for spending
Exploration budgets for 1998 have dropped dramatically following the decade’s peak of US$5.1 billion in 1997, according to a report penned by Halifax, N.S.-based Metals Economics Group (MEG).Total exp…
EDITORIAL & OPINION — COMMENTARY/PDAC — Replacing Bill C-65
In 1996, the Prospectors and Developers Association of Canada and the Mining Association of Canada responded jointly to the Endangered Species Bill, C-65. And their objections were sufficiently strong…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Modest loss for Dow
During the report period ended Oct. 27, the Dow Jones industrial average slowed its pace, having posted heavy gains in the previous week. The Dow slipped 139.81 points, or 1.6%, to close at 8,366.04.M…
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, …