ODDS ‘N’ SODS: Mastering metallurgy
A great deal has been written about mining exploration and operations, but little about the metallurgy of deposits. The silent partner at mines is often the metallurgist, whose business has sometimes …
1999
Barrick aims for record
A powerful combination of rising production, falling costs and premium prices for its gold is setting the stage for Barrick Gold (ABX-T) to record its best year ever in 1999.During the first nine mont…
Greatest Value Traded, OCTOBER 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N300815…
Eldorado tables estimate for Kisladag gold project
With its 1999 drill program now complete, Eldorado Gold (ELD-T) has tabled an initial resource calculation for its wholly owned Kisladag project in western Turkey.The measured and indicated resource i…
Franco-Nevada plans Ken Snyder expansion
The recent upward spike in gold prices has prompted Franco-Nevada Mining (FN-T) to draw up plans to boost production at its new Ken Snyder gold mine in northern Nevada.To boost mill throughput to 1,00…
Junior picks up properties
Newcomer Cerro Dorado (CDCH-O) has signed a letter of intent to acquire a controlling stake in three gold properties in northern Chile from Fremont Gold (FGLD-O).Financial pressures forced Fremont to …
PEOPLE — EuroZinc (October 25, 1999)
J.E. Fletcher appointed director.
PEOPLE — Eldorado (October 25, 1999)
P.N. Wright appointed president and CEO.
Northgate buys Kemess
The Kemess gold mine in northern British Columbia, the last remaining asset of defunct Royal Oak Mines, has been sold at last.Northgate Exploration (NGX-T) has agreed to take on the mine and keep it o…
Glamis sees higher production in 2000
By fully integrating the three mines it acquired from its recent merger with Rayrock Resources, as well as additional production from the new San Martin mine in Honduras, Glamis Gold (GLG-N) expects t…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…