Placer Dome building new mines across globe
By the year 2000, Placer Dome (TSE) expects to reach its goal of producing 2.5 million oz. gold per year from operations around the world. The major has four operating units, with numerous development…
Articles by Northern Miner Staff
Lac des Iles mine enters commercial production
After suffering through an icy winter startup, the Lac des Isles platinum group metals (PGM) mine, 60 miles north of Thunder Bay, Ont., has entered the “commercial production” phase. An operating prof…
High River, TVX approve Snow Lake
Shareholders of High River Gold Mines (TSE) have approved a 50-50 joint venture with TVX Gold (TSE), which will lead to development of the Snow Lake gold project in northern Manitoba. The project cons…
Acquisition may be in works for Royal Oak
A new corporate strategy, a new venture into China and, possibly, a new acquisition will serve as building blocks for the growth of Royal Oak Mines (TSE), President Margaret (Peggy) Witte told shareho…
LAST BUT NOT LEAST — Cliff ups stake in Cassiar property
Junior Cliff Resources (TSE) can increase its ownership in the Cassiar joint venture to 50% from 30% Situated in northeastern British Columbia, the former-producing Cassiar mine site consists of build…
MINING IN CHILE — S. Amer. Gold and Copper developing
Hoping to become a 100,000-oz.-plus gold producer within the next three years, South American Gold and Copper (SAGC) is busy developing mining projects in Chile. Targeting “non-grassroots” projects wi…
MINING IN CHILE — Collahuasi project at feasibility stage
That the Collahuasi copper project in northern Chile will be large is a given, but equally huge is the impact it will have on the three partners involved. For example, the one-sixth interest of Norand…
MINING IN CHILE — Rio Algom plans expansion for Cerro
The Cerro Colorado project has been producing copper since February and, already, owner Rio Algom (TSE) is talking of expanding. For 1994, output is anticipated to be 60 million lb. copper; for 1995, …
Inco plans debenture issue
Nickel giant Inco (TSE) is hoping to raise US$150 million through an offering in the U.S. of convertible debentures. The company has filed a preliminary prospectus with the Ontario Securities Commissi…
MINING IN CHILE — Third Escondida expansion to boost output
If the current feasibility study of Escondida is approved, an expansion project will begin which would increase the copper mine’s annual output to more than 700,000 tonnes copper in concentrate. The e…
MINING IN CHILE — Lac expanding reserves, output at Chilean
Large gold producer Lac Minerals (TSE) is looking to increase both reserves and output at its Chilean holdings. The company’s Lac South America division holds more than 600 square miles in the Andes (…
MINING IN CHILE — Financing last hurdle for Refugio
Joint-venture partners Bema Gold (TSE) and Amax Gold (NYSE) have resumed negotiations with banking institutions to finance the Refugio gold project in north-central Chile. The capital cost of placing …