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Friday, December 13, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: mining


Mining firm weighs options

Sterling Mining Co. was expected to vacate its lease of the storied Sunshine Mine today, five months after ceasing operations and almost six years after it signed a 15-year lease …


Clay mine moving forward

BOVILL, Idaho – Plans are nearly complete for building and operating an open-pit clay mine near this Latah County town, a Canadian mining company official said. Lamar Long of i-minerals, …


Gold vs. salmon debated at GU

Students enrolled at Gonzaga University often sprout some of their roots on campus, but Lange Solberg, a third generation commercial fisherman, is sowing a homegrown international controversy. Solberg is taking …


Corrosive impact

METALINE FALLS, Wash. – Michigan’s automobile factories are more than 2,000 miles from the Pend Oreille Mine’s assay lab where Sally Dunn prepares zinc samples for testing. Yet Detroit’s pain …


Teck Cominco makes layoffs permanent at zinc operation

Canadian mining company Teck Cominco has filed paperwork with Washington state that makes official the permanent layoff of 165 workers at its Pend Oreille zinc mining and milling operations near …


Plan keeps sediment at dam cleanup site

BUTTE – Officials say some sediment from the Milltown Dam cleanup may stay on site rather than being shipped to Anaconda. The issue is part of a recently proposed amendment …


Colorful history surrounds Silver Valley

Hercules. Galena. Lucky Friday. Star. Sierra. They sound like the names of racehorses, but in North Idaho’s Silver Valley everyone knows these are the mines that have shaped the area’s …


World lead demand pushes prices into record territory

SILVERTON, Idaho – A dozen years after being banned from gasoline, lead is making a comeback. Prices are near record highs. China can’t get enough of the ubiquitous gray metal. …


EPA is auditing Cataldo repository

CATALDO, Idaho – Federal officials are investigating whether the public received adequate notice and opportunity to comment on a hazardous-waste repository planned near Old Mission State Park. Two officials from …


Rumors of flood inundate Oroville

The world did not end in Oroville, Wash., on Thursday, but many residents panicked as rumors spread that the Similkameen River would surge and flood the town. About 2:45 p.m., …


Westmin To Close B.C. Copper Mine

Westmin Resources plans to shut down its Gibraltar copper mine in central British Columbia at the end of the year, putting 278 people out of work. The Vancouver company, and …


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 …