Miramar scales back Con operations to cut costs
In response to continued low gold prices, Miramar Mining (MAE-T) is scaling back mining and milling at its Con gold mine in Yellowknife, N.W.T, and taking a $40 million write-down against the project….
News
PEOPLE — WHITE KNIGHT (January 12, 1998)
Robert G. Cuffney appointed vp exploration.
PEOPLE – WESTMOUNT
Alan D. Hitchborn appointed vp exploration.
PEOPLE — WESTERN COPPER (January 12, 1998)
Michael Halvorson appointed director.
PEOPLE — WAR EAGLE (January 12, 1998)
Leslie B. Salnick appointed vp.
PEOPLE — MEGASTAR (January 12, 1998)
John L. Gray appointed vp corporate development.
First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
PEOPLE — MANSFIELD
Patrick J. Burns appointed vp exploration.
Greenstone launches second program at Hemco
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
Echo Bay mothballs Lupin gold mine — McCoy/Cove operations scaled back
The pressure to lower operating costs to keep pace with the falling price of gold has become too much for Echo Bay Mines (ECO-T), which has announced the closing of one mine and the scaling back of op…
NEW HORIZONS — Silver and the sun
Solar Two, the latest advance in the use of mirror technology for the conversion of solar energy to electric power, is now operational. Dependent on silver-coated mirrors for the highest possible refl…
Rayrock shelves reorganization plan
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…