Cambior plans big things for Doyon
Roller coasters head up, as well as down, and for the Doyon mine, a short distance east of Rouyn-Noranda, the ride seems to be heading up again.Doyon, which has suffered from high costs over the past …
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High River cuts costs, boosts production
A $3.7-million charge related to the sale of properties in Nicaragua pushed High River Gold Mines (HRG-T) out of the black and into the red for the quarter ended June 30.The Toronto-based company repo…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Execs beef up holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:* Aber Resources (ABZ-T) — Kenneth Hanna, director, bought 10,000 shares indirectly at $12.65 t…
Bolivar producing at Tomi mine
By year-end, some two months ahead of schedule, Bolivar Goldfields (BVG-T) expects to have completed fine-tuning of the mill and achieved full production at its newly commissioned Tomi gold mine in Ve…
MINING MARKETS & INVESTMENT NEWS — Low prices drive producers to buy back shares
With weak copper and gold prices sending shares of producers to their lowest levels in years, some companies are diving into the bargain-basement equity market to buy back their own shares.As the Dow …
Meridian expands discovery
Stepout drilling at the El Penon gold-silver project in northern Chile has more than doubled the strike length of the Quebrada Colorado gold-silver zone.Owner Meridian Gold (MNG-T) recently received r…
Cumberland proves up Nunavut projects
While many of its peers are chasing mineral deposits in Africa, Latin America and Southeast Asia, Cumberland Resources (CBD-T) has chosen to concentrate its exploration efforts in Canada’s Far North. …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Win some, lose some
In 1919, I left my job as an Ontario mines inspector to work for the Longyear Company in Minneapolis, Minn., on its shaft contracts.My family came from Ontario with me, but, because I was often on the…
Rio clarifies deal with Anatolia
I wish to clarify your description of the terms of our agreement with Anatolia Minerals Development, as described in a recent issue (“Rio Algom teams with Anatolia in Turkey,” T.N.M., Sept. 7-13/98).I…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gold gains some lustre in Asia
The Asian economic crisis has continued to have an adverse effect on gold demand in those markets, with the exception of Vietnam. However, gold consumption turned positive in the second quarter as dem…
MINING MARKETS & INVESTMENT NEWS — Correction
Sulliden Exploration (SUE-M) manages its own exploration programs at its Las Huaquillas polymetallic property and no longer employs independent firm Kilborn Engineering Pacific. As well, hole 97-4 ret…
MINING MARKETS & INVESTMENT NEWS — Porcher Island seeks consolidation
At the annual meeting of Porcher Island Gold (PIG-V), shareholders approved a change in the name of the company to Tetra Metals.The meeting was adjourned for one month until Sept. 30 to allow register…