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Tuesday, June 18, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: mining


Asarco Brings Mine Debate To Sandpoint Opponents Skeptical Of Company’s Promise To Protect Environment

Jobs vs. the environment. That’s what the battle over Asarco’s proposed Rock Creek mine has boiled down to. Asarco insists residents can have both.


Hearings Next Week On Mine Proposal

Public hearings on Asarco Inc.’s Rock Creek Mine proposal are scheduled for next week in Idaho and Montana. The proposed copper and silver mine would burrow under the Cabinet Mountain …


Gold Prospectors Want To Dredge River Commercial Permit Would Allow Five-Year Operation In Red River Spawning Areas South Of Elk City

Small-time gold-diggers are hoping to strike it rich off placer gold in the Red River, a tributary of the South Fork of the Clearwater River. Flecks of gold tend to …


Experts Discount Silver Conspiracy Theory But Rumors Of Lawsuit Have Hurt Prices

Silver experts, regional economists and stock brokers are discounting reports that an engineered “squeeze” on silver supply was behind the recent 9-year high in silver prices. On the other hand, …


Gold Tumbles, Hits 12-Year Low Yellow Metal Has Lost Much Of Its Allure; Experts Say Price May Drop To $285 Or Less

A member of the vault staff at the Federal Reserve Bank in New York inspects gold bricks in this 1965 photo. Prices have plunged as banks sell stockpiles. File/Associated Press


Gold Project Unfazed By High Court Ruling

Gold Reserve Corp., clarifying an earlier news release, said this week a preliminary ruling by the Venezuelan Supreme Court does not affect the Brisas alluvial gold concession in the Imataca …


Pegasus Gold Corp. In Jeopardy Company May Be On Brink Of Receivership

Following suspension Friday of operations at a key Australian property, Pegasus Gold Corp. may be on the brink of receivership, according to at least one analyst. Pegasus shares lost 60 …


Triumph Cleanup Will Cost $8.3 Million Work On Superfund Site Could Begin As Soon As Next Summer

State environmental officials are seeking public comment on a plan to spend $8.3 million to clean up pollution caused by operations of the old Triumph Mine. A plan to clean …


Pegasus Gold Takes Huge Write-Down

Pegasus Gold Inc. announced Friday that it will write down $353.3 million, or $8.55 per share, on the Mt. Todd Mine in Australia. Pegasus is suspending operations and placing the …


Gold Reserve Corp. Has Venezuela Find

Spokane’s Gold Reserve Corp. has identified a zone of copper and gold mineralization directly below the center of the main Brisas gold-copper zone in southeastern Venezuela. The new zone has …


Echo Bay Postpones Decision On 2 Mines

Echo Bay Mines, Ltd. of Englewood, Colo. said Tuesday that its board of directors would wait until gold prices increase before deciding on the final construction decisions of two gold …


Pegasus Drops Bid For Tax-Exempt Bonds

Pegasus Gold Corp. of Spokane has withdrawn its request for tax-exempt money from Montana to help finance reclamation work at three gold mines. Pegasus had requested $15 million in Montana …


Work To Begin On Mine Feasibility Study

Gold Reserve Corp. of Spokane said Wednesday that JE MinCorp, a division of Jacobs Engineering Group, would begin working on the feasibility study at Gold Reserve’s gold and copper Brisas …


Crown Resources Reports Bigger Loss

Denver-based Crown Resources Corp. had more second-quarter losses than last year’s period, the company said Wednesday. The gold and silver mining company, which owns half of the Crown Jewel project …


Minera, Pegasus Form Joint Venture

Minera Andes Inc. and Pegasus Gold International, both of Spokane, said they will enter into a joint venture for gold property in Argentina. The 23,000 acre property, called the Arroyo …


Consil Corp. Plans Acquisition

ConSil Corp. of Spokane said Wednesday it plans to purchase the assets of Minas la Colorada S.A. of Mexico. Principal shareholders of Minas la Colorada will receive four million common …


Pegasus To Buy Panama Mine

Pegasus Gold Inc. Monday announced an agreement to purchase up to 60 percent of a Panama mining property for $14 million in cash and exploration expenditures. The Capira Dorada concession, …


Asarco Profits Up, But Sales Decline

Asarco Inc., a New York-based company that has interests in two underground mines in Idaho’s Silver Valley, reported higher profits, but lower sales, for the first quarter ended March 31. …


Minera Adds Mine To Its Portfolio

Spokane-based Minera Andes Inc. Tuesday purchased a new gold mine in Argentina, adding to its growing profile of potential mines there. The 12,350-acre Arroyo Nuevo land package will be the …


Drilling Reveals More Gold At Brisas

Spokane-based Gold Reserve Corp. said Tuesday that it has discovered more gold at its Venezuelan gold property. New drilling at the Brisas site in southeastern Venezuela has added an additional …


Idaho Gold Mines Set Production Record

Idaho’s gold mines have done it again: they’ve produced more ounces of the precious stuff than ever before. The 347,000 ounces that came from open pit and underground mines throughout …


Okanogan Gold Mine Inches Ahead

Construction of the controversial Crown Jewel gold mine in Okanogan County has moved a step closer with the release of its final environmental impact statement. To the relief of joint …


Women Suffer Adverse Effects Of Lead Exposure Federal Study Documents Health Problems Of Female Employees Of Bunker Hill Mine

Women who worked at the Bunker Hill Mine in the 1970s now start menopause early and are more likely to have dangerously brittle bones. Those women also report more cases …


Gold Reserve Reports Good Drilling Results

Spokane-based Gold Reserve Corp. announced drilling results Wednesday that suggest its Venezuelan gold field may contain more gold than expected. Gold Reserve has enjoyed a stock run-up following last week’s …


Cda Mines Loss Exceeds $56 Million

Coeur d’Alene Mines Corp. lost $57 million in the second quarter, due mostly from having to write down its investment in the Golden Cross Mine in New Zealand. The $56.9 …


Coeur D’Alenes Co. Earnings Jump 64%

Earnings at The Coeur d’Alenes Co. improved in the three months ended June 25, the Spokane steel fabricator announced Thursday. Net income climbed 64 percent compared with the same period …


Crown Resources Trims Quarterly Loss

Denver-based Crown Resources Corp. reported slightly lower losses for the second quarter compared with the same period in 1995. Crown Resources lost $385,000, or three cents a share, compared with …


Coeur Warned About Mine Woes Environmental Group Says It Told Idaho Company That Buying Mine Could Backfire

A New Zealand environmental group says it warned Coeur d’Alene Mines Corp. about serious geologic problems with the Golden Cross gold mine tailings dam before the company bought the mine. …


Coeur Takes $53 Million Write-Down Troubled New Zealand Mine Unlikely To Return A Profit

Coeur d’Alene Mines Corp. will take a $53 million write-down of its Golden Cross mine in New Zealand because a problem with its tailings pond will prevent the company from …


Batt Pledges To Protect Lake From Mine Governor Besieged By Requests For Help In Guarding Lake Pend Oreille From Asarco Project In Montana

A flood of phone calls and letters from Panhandle residents has prompted Idaho Gov. Phil Batt to promise state protection for Lake Pend Oreille from a proposed mine upstream in …