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
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…
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 — 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…
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 …
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…
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 (…
Ontex to merge with Fortune subsidiary
An agreement between four companies closes the book on a long-running property dispute between Ontex Resources (ONT-A) and Metalore Resources (MET-T), and gives Fortune Minerals (FT-T) effective contr…
Cominco suffers loss in third quarter
Low metal prices, a weaker Canadian dollar and an operating loss at its Trail production facilities in southeastern British Columbia all contributed to a less-than-stellar third quarter for Cominco (C…
Phelps Dodge slashes production (November 02, 1998)
Succumbing to the pressures of low metal prices, Phelps Dodge (PD-N) has decided to cut copper production at three mines.The company will curtail production at two mines in New Mexico and one in Chile…
Inco hit by weak demand
Low nickel prices cut deep into Inco’s (N-T) sales revenue and pulled the major back into the red during the third quarter.For the three months ended Sept. 30, Inco lost US$24 million (or 18 cents per…
Stillwater mine runs deep — Sales contracts inspire company to accelerate expansion program
Nestled in a picturesque valley near this small western town, the Stillwater mine has long been known as North America’s only primary source of platinum and palladium, and the richest known deposit of…