Lac production tops million oz.
Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…
News
Pipeline dispute not included in gold Fields-Santa Fe deal
A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…
Hemlo Gold lowers operating cost, increases production in
Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…
METALS MARKETS — Producer shutdowns steady prices
More producer announcements of extended mine and refinery shutdowns during 1993 caused the markets to pause for an impact assessment. To date, the major mining companies appear to be implementing a si…
MSV to purchase Westminer assets
An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…
New gold market
The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…
Pilot project completed at Cigar Lake project
A test phase of mining has been completed by Cigar Lake Mining at its Cigar Lake uranium deposit in northern Saskatchewan. The pilot project demonstrated that the high-grade orebody can be safely mine…
WGM to market Russian expertise
Toronto-based consulting firm Watts, Griffis and McOuat (WGM) has reached a joint venture agreement with Almazy Rossia-Sakha of Russia to provide exclusive diamond exploration and mining services to t…
PEOPLE — AZCO MINING/SANCHEZ MINING — David Beling
John Sadowski appointed vice-president, exploration.
PEOPLE — SUNSTATE RESOURCES (February 15, 1993)
Jack Johnston appointed director.
Granges settles Oxford suit
A suit dating back to 1989 over a 9.167% interest in the Trout Lake polymetallic mine in Manitoba is now settled. Granges (TSE) acquired the interest from Outokumpu on March 22, 1989, prompting Oxford…
More drilling planned for Sulphurets properties
Exploration programs totalling $1.6 million were approved for the 1993 field season on two Sulphurets properties in northwestern British Columbia. About $1.1 million will be spent on the Bruceside pro…