Porgera ups Placer Dome output
A new quarterly record for gold production was set by Placer Dome (TSE), which turned out a total of 505,000 oz. for its most recent quarter ended June 30. But the company’s latest operating results s…
News
NEWS IN BRIEF (August 17, 1992)
Britt Resources Ltd. (BRN:VSE) has changed its name to La Cieba Minerals Corp. (LCE:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Pipeline gold reserves up 30%
An updated reserve estimate released by Placer Dome (TSE) for the Pipeline gold deposit at its 60% owned Cortez joint venture property in Nevada shows a 30% increase in contained gold. The deposit is …
Others’ Words (August 17, 1992)
Mining companies in Ontario need to have confidence in the price forecasting ability of Ontario Hydro and on the availability of competitively priced electricity. From the 1950s to the 1980s, the util…
Deal opens Monopros to scrutiny
The secretive Canadian arm of South African diamond giant De Beers stepped into the public forum for the first time in years by recently agreeing to form a joint venture with Aaron Oil (ASE), a Calgar…
Westar losses on the rise
Troubled coal producer Westar Mining (TSE) reported a loss of $9.3 million for the three months ended June 30, which pushes the company’s loss for the first six months of the year to $15.7 million. We…
Newmont Gold output on target
Gold production of 796,700 oz. was reported by Newmont Gold (NYSE) for the first half of 1992, compared with 792,700 oz. for the same period last year. Targeted gold production for 1992 is 1.6 million…
PEOPLE — SASKATCHEWAN ENERGY AND MINES
Dan McFadyen appointed assistant deputy minister of resource policy and economics.
PEOPLE — MERCUR MINE
Clay Landa appointed vice-president and general manager.
PEOPLE — OUTLAND RESOURCES
Harry Au elected director.
PEOPLE — COPPERSTONE RESOURCES
William McConnachie appointed director.
Mexico offers mineral diversity
Mexico has the oldest post-Columbian mining tradition in the Western Hemisphere, beginning with the establishment of the first iron foundry in the state of Veracruz in 1519. Historically, silver has b…