Wheaton River keeps head above water
Junior producer Wheaton River Minerals (WRM-T) remains in the black, thanks to higher output and lower costs at its seasonal Golden Bear mine in northern British Columbia.For the nine months ended Sep…
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Cominco suffers loss in third quarter
Low metal prices, a weaker Canadian dollar and an operating loss at its Trail production facilities in southeastern British Columbia all contributed to a less-than-stellar third quarter for Cominco (C…
Ontex to merge with Fortune subsidiary
An agreement between four companies closes the book on a long-running property dispute between Ontex Resources (ONT-A) and Metalore Resources (MET-T), and gives Fortune Minerals (FT-T) effective contr…
Falco on cost-cutting track
Pushed by low prices for nickel, copper and zinc, Falconbridge (FL-T) slipped a little deeper into the red during the past quarter.For the three months ended Sept. 30, the company lost $10.5 million (…
Teck to go underground at Pogo
At the Pogo gold project in east-central Alaska, Teck (TEK-T) has completed a $5.5-million program of surface exploration consisting of 91,000 ft. of definition and stepout drilling in 97 core holes.T…
EDITORIAL & OPINION — Easier to destroy than to build — Tuning out
Politics has always been a blood sport, but it has been painful in this year of global economic crisis to watch some American politicians focus on little else than their obsession to remove President …
San Gold drills Bissett project
Winnipeg Stock Exchange-listed San Gold Resources (SGR-W) is encouraged by results from an ongoing drill program at its Bissett area gold project in northern Manitoba.Results from recent drilling incl…
Production up at San Francisco
Geomaque Explorations (GEO-T) has boosted production by one-third at its San Francisco gold mine in Mexico’s Sonora state.During the three months ended Sept. 30, the mine churned out 17,150 oz. gold, …
Aur slips into red in third quarter
Lower operating costs at the jointly owned Louvicourt and Andacollo mines were not sufficient to keep operator Aur Resources (AUR-T) out of the red during the third quarter.The company reported losses…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Oro Nevada takeover fizzles
Vancouver-based American Copper (ACC-V) is mulling its options after intended takeover target Oro Nevada Resources (ONV-A) announced plans to sell the Dean Ranch gold property in Nevada’s Crescent Val…
Partners drill for Ghanaian gold
Partners Battle Mountain Gold (BMC-T) and Birim Goldfields (BGI-T) have begun reverse-circulation drilling at their Dunkwa gold property in Ghana.Battle Mountain, which is managing the project on beha…
LETTER TO THE EDITOR — Geostatistics a complex issue
As an exploration and mining geologist, I am very uneasy with the image projected by the editorial “Challenging geostatistics” and the feature “Recent history reveals trends in mine failures,” which t…