Glamis weathers gold price slump
Despite weak gold prices, Glamis Gold (TSE) turned in another solid operating performance during its first quarter of fiscal 1993. The company has been producing gold for over 10 years, and currently …
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EXPLORATION ’92 — Azco seeks Sanchez financing
With engineering planning now under way for the development of the Sanchez copper project, owner Azco Mining (TSE) has retained First Boston as its lead financial adviser. Pending the receipt of final…
Porgera installs vertical conveyor
Placer Dome’s (TSE) Porgera mine in Papua New Guinea chalked up another first with the recent successful commissioning of a 670-ft. underground vertical ore conveyor. The conveyor, the first of its ki…
EXPLORATION ’92 — Yukon’s MacMillan Pass has seen more
Exploration activity has slowed this year in the isolated, mineral-rich area of MacMillan Pass, up the North Canol Road near the Yukon-Northwest Territories border. “It’s getting marginal whether they…
EXPLORATION ’92 — Gold market showing little sparkle
Canadian and Belgian central bank gold selloffs, Japanese investors liquidating assets and the post-electoral doldrums in the U.S. are all cited as reasons for continued soft gold prices. However, gol…
Base metal exploration activity sags on Canada’s West Coast
Mineral exploration spending in British Columbia has sagged to $90 million in 1991 from $190 million in 1990, and according to Jack Patterson, managing director of the British Columbia & Yukon Chamber…
EXPLORATION ’92 — Lac boosts gold output, lowers costs
Gold production increased by 16% during the third quarter of 1992 while cash costs per oz. decreased by 23%, Lac Minerals (TSE) reported. In the first nine months of 1992, gold output increased almost…
EXPLORATION ’92 — Pegasus production at record level
Production increases at all mines and the startup of a new operation enabled Pegasus Gold (TSE) to report record production for the first nine months of 1992. The company produced a total of 288,000 o…
Lakefield lab makes honest mistake
The recent announcement by Aber Resources (TSE) and its partners Commonwealth Gold (VSE) and SouthernEra Resources (TSE) that the yellow microdiamonds recovered from a kimberlite on their Lac de Gras …
Pit yields large copper output– Asarco finds Mission
The Mission complex, just south of here, represents the combination of a number of mining interests over the years into a single property controlled by Asarco (NYSE). With the expansion of milling ope…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Aronos uncovers
A new zone at the San Martin gold property at Llano Colorado in the Mexican state of Sonora is estimated to cover an area at least 300 metres by 400 metres, Aronos Multinational (CDN) reports. The com…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Menora acquires
Toronto-based Menora Resources (ME) says it has acquired an exclusive lease over the Estrella del Norte gold project in the Mexican state of Zacatecas. The company says it will continue to test the pr…