News


Pioneer fighting threat of mine foreclosure

The once amicable corporate relationship between Pioneer Metals (TSE) and its largest single shareholder Pegasus Gold (TSE) has deteriorated into a legal wrangle over Pioneer’s U.S. mineral assets. St…



Gold price prompts gold loan paybacks

The rising price of gold has producers of the precious metal moving to pay off their gold loans, the effect of which may be to lend further strength to the metal’s price. One such producer is Giant Ye…


Echo Bay Mines earnings lower

Third-quarter earnings were lower for Echo Bay Mines (TSE) despite increased gold and silver production from the company’s expanding mining operations in Nevada. The company had net earnings of $9.6 m…


Breakwater defers production decision on Estrades

A mining feasibility study has been completed by Wright Engineers on the Estrades gold-silver-zinc-copper deposit in northwestern Quebec. Project operator Breakwater Resources (TSE) has also deferred …



Sherritt Gordon adopting shareholders rights plan

Toronto-based Sherritt Gordon (TSE) has adopted a poison pill or shareholder rights plan to prevent itself from becoming the victim of a creeping takeover bid. While the company said it isn’t aware of…


Inco puts hefty price on Nor-Acme capital costs

A technical study for the Nor-Acme gold project, owned 100% by High River Gold Mines (TSE), was recently completed by Inco Gold, a unit of Inco Ltd. (TSE), in conjunction with Wright Engineers. The re…


Fairbanks reviewing proposal from major

With a written proposal in hand, Fairbanks Gold (VSE) is evaluating an offer by a major mining company for possible involvement in the company and its Alaskan mineral properties. Eric Friedland, pre…



THINK LEAN AND GREEN: 1990s predictions

In the coming decade, senior operations people will have to mine and mill more product at less cost and do so without additional harm to the environment. No surprise there for operating personnel. The…


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