Dome mine output on the increase
Gold production at the Dome mine in South Porcupine, Ont., has reached levels not seen since the 1940s. The rise is attributed to the addition of an “expert” to the staff of the Placer Dome (TSE) proj…
News
EDITORIAL PAGE — Deep-felt commitment
Nothing warms the cockles of an old miner’s heart more than to read that some aging mine somewhere in Canada, tottering toward depletion, discovers a new zone or orebody. Closure postponed, a few hund…
LATIN AMERICA ROUNDUP — Azco outlines Piedras tonnage
Based on 115 reverse circulation holes drilled in 1992 and 1993, Azco Mining (TSE) estimates its Piedras Verdes deposit near Alamos, Mexico, contains about 87.2 million tonnes grading 0.43% copper. Us…
Judge denies OSC penny stocks policy
A judge has struck down an Ontario Securities Commission (OSC) policy designed to control abuses in the sale of speculative penny stocks. In a 42-page decision, Justice Robert Blair of the general div…
Chinese gold miners asked to boost output
China has told gold producers to increase output and meet state quotas to ensure an annual growth rate of 10%, Agence France Presse reports from Beijing. The nation’s gold reserves have been affected …
Falconbridge Gold drills at Kopje
Deep drilling at the Golden Kopje gold mine property in Zimbabwe has outlined potential new reserves, Falconbridge Gold (TSE) reports. The current phase includes five holes on surface and two undergro…
Skyline to rerun Johnny Mountain
A limited production run is planned at the Johnny Mountain gold mine in northwestern British Columbia. International Skyline Gold (TSE) expects to mine and mill about 20,000 tons of material grading 0…
Goldbelt hosts delegation from Kazakhstan
The collapse of the Soviet Union has prompted a number of its former republics to seek non-traditional sources of capital to develop mining projects. In late July, a delegation from Kazakhstan visited…
NEWS ROUNDUP — Phelps Dodge options Curator ground
Copper giant Phelps Dodge (NYSE) has agreed to earn a 51% interest in International Curator Resources’ (VSE) DSA property in Idaho. To do so, Phelps must spend US$2.5 million over six years and pay Cu…
NEWS ROUNDUP — Ballatar to test near Sleeper mine
The AR claims next to Amax Gold’s Sleeper mine in Nevada will be tested this summer by 5,000 ft. of reverse circulation drilling, Ballatar Explorations (VSE) reports. The company hopes to intersect po…
NEWS ROUNDUP — Campbell sale is completed
Toronto-listed Northgate Exploration has received regulatory approval to sell its 35% interest in Campbell Resources (TSE). Northgate will receive $29.4 million for the more than 34.5 million special …
NEWS ROUNDUP — Kinross completes U.S. mine purchases
Having completed a due diligence review, Kinross Gold (TSE) has completed its purchase of Nerco DeLamar, Nerco Metals and Palms Mining from Kennecott for $16.2 million. The principal assets of the pur…