North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Sarah Hurst
For Mining News 

Technical upgrades could save Jericho

Tahera Diamond's depleted management team is counting on waste stripping program, reduction of sift size to make mine economical

 

Last updated 5/27/2007 at Noon



Taking recommendations from shareholder Teck Cominco, Toronto-based Tahera Diamond Corp. is making rapid changes to its operations at the newly opened Jericho mine in Nunavut. For now, the cost of producing diamonds far exceeds their value, according to Tahera's first quarter report. The value of production in that period was US$6.4 million, compared with a cash operating cost of $17.1 million....



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