Pacific Minerals closes 9.2 million financing
Vancouver — Pacific Minerals (PMZ-V) has closed two private placement financings, totalling $9.2 million.The f…
News
Editorial Cartoon (December 15, 2003)
The Northern Miner Indices (December 15, 2003)
North American Mining: 110.04 (-0.03)Small Producers: 109.08 (-2.85)(Sept. 30/98 = 100)…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
New life for Lucky Friday
Hecla Mining (HL-N) will proceed with major underground development at its wholly owned Lucky Friday silver mine in northern Idaho’s Coeur d’Alene camp, ensuring that the struggling operation will rem…
BHP Billiton axes quarterly reports
Melbourne-based BHP Billiton will no longer publish quarterly financial results.Instead, the company will only issue quarterly reports on production, exploration and development, in accordance with th…
Kinross, Bema aim to restart Refugio
Mining at the Refugio heap-leach gold operation, near Copiapo, Chile, is set to resume.The mine is owned equally by Kinross Gold (K-T) and Bema Gold (BGO-T), with the former acting as operator. The mi…
Miner survives being buried alive at Stillwater
An underground miner was injured in an accident at the Stillwater mine in Montana.Robert Slone, 47, is in critical condition at a hospital in Billings after being buried in an ore pass following the c…
Fifty Years Ago / December 1953
Kluane Lake deposits biggerRecent drill results have caused officials at Hudson Bay Mining & Smelting to revise their estimate of the deposits being developed at Kluane Lake in the Yukon. They were in…
Cashin gets thumbs-up
An independent study has concluded that the Cashin copper deposit of Constellation Copper (CCU-T) could be economically mined by trucking run-of-mine ore to the nearby Lisbon Valley property in Utah.T…
People (December 15, 2003)
Alamos — John McCluskey appointed president; John Van De Beuken appointed VP and COO; Leonard Harris appointed director; Chester Millar and Stephen Stine resigned as directors.Becker — John Berezowe…