Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
News
Kennecott eyes Alaskan properties
Kennecott Canada Exploration has signed separate deals with NovaGold Resources (NRI-T) to earn majority interests in the Caribouand Anvil Creek gold projects in Alaska’s Fairbanks and Nome districts, …
Pan American secures Dukat financing — Silver mine in far eastern Russia poised to re-enter production
Pan American Silver (PAA-T) has arranged a financing package to restart the Dukat silver mine in the Magadan region of far eastern Russia, and taken steps to increase its interest to 90%.A syndicate o…
EDITORIAL & OPINION — Gold’s survival not in doubt — Living on the hedge
Numbers don’t lie, they say, unless politicians perform some sort of black magic on them first. That being the case, the numbers underpinning the gold mining industry tell a grim story that may get a …
PEOPLE — Polymet (July 19, 1999)
Leslie Landefeld appointed director of investor relations.
Falco closes Kidd smelter — 750 workers walk off the job
Falconbridge has shutdown its Kidd Creek smelter and refinery in Timmins, Ont., following a breakdown in union negotiations that prompted the plant’s 750 workers to walk off the job.Workers at the bas…
Romarco hits high-grade at Red Rock
Drilling by Romarco Minerals (R-T) continues to intersect high-grade gold mineralization at the Red Rock property in western Nevada.Thirteen angle holes drilled into the discovery area extended known …
DIAMOND PAGE — Rex continues diamond hunt
With results from recent fieldwork in hand, Rex Diamond Mining (RXD-T) is preparing for an airborne magnetic survey in the Tenoumer region of Mauritania, West Africa.The company collected 3,000 sample…
SUPPLIERS NEWS ROUNDUP — El-Equip to supply system to Chinese mine
Sudbury, Ont.-based El-Equip has won a tender to provide an underground communications system to the Jinning No. 3 coal mine in China.With production of 5 million tonnes of coal per year and a life ex…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Pack of trouble
Anyone around during the Texasgulf boom in Ontario has tales to tell, some of which are more colourful than others. It was the summer of 1964, and the town of Timmins was a beehive of activity, with a…
Cumberland hits gold at Meadowbank
Infill drilling by Cumberland Resources (CBD-T) at its Meadowbank gold project in Nunavut has returned higher grades than expected.Several holes sunk in the central portion of the Third Portage deposi…
PEOPLE — Weda Bay
W.S. Vaughan appointed director.