Metall changes name to Inmet
Shareholders of Metall Mining approved a name change and amended their company’s rights plan at the annual meeting.The new corporate name is Inmet Mining (TSE), which Chairman James Tory says reflects…
Articles by Northern Miner Staff
Operations improve at Red Dog
An ore deposit measuring 85 million tons grading 17.1% zinc, 5% lead and 2.4 oz. silver per ton with a stripping ratio of less than 1-to-1 is enough to excite even the most pessimistic of miners.Those…
OBITUARIES — Lionel York
A native of South Africa who came to Canada in 1958, Lionel York, died recently. He was 61.A professional engineer and hydrologist, his work took him to Saskatchewan, where he was involved in the tech…
OBITUARIES — Robert Hallbauer
Robert E. Hallbauer, the former president and chief executive officer of Cominco, died in Vancouver, B.C., on March 10 after a lengthy illness.Recognized as one of the finest mining men Canada has pro…
Eldorado tops up treasury
A private placement of up to 3.4 million special warrants is expected to raise more than $14 million for junior gold producer Eldorado (TSE).Each unit is priced at $4.15 and converts, at no additional…
Chief Cons. works New Burgin play
Drilling and feasibility work on the New Burgin deposit in Tintic, Utah, continue apace under the direction of owner Chief Consolidated Mining (NASDAQ).The New Burgin represents the downdip extension …
Growth forecast for First Dynasty
The success of the Voisey Bay project in Labrador is helping to put the spotlight on another public company in which Robert Friedland, his brother Eric and other family members are significant shareho…
EDITORIAL PAGE — Happy Mining Week!
Rarely do mining organizations in Canada have cause to celebrate the actions of a political leader. Nevertheless, cheers are being heard across the country for Anne McLellan, who has persuaded the Gov…
METAL PRICES (May 15, 1995)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateMay 9May 8May 5May 4May 3Copper2741-2742N/A2722-27322730-27322749-2750Lead578.5-579N/A596-597607-608602.5-603Zinc…
Stillwater posts solid profit
A 20% increase in production and a 13% drop in operating costs enabled Stillwater Mining to post a US$777,000 profit (or 4 cents per share) for the first quarter.These results compare with a loss of U…
Rea Gold tops up its treasury
A private placement of 4 million special warrants at $2 each will provide Rea Gold (TSE) with additional funds to continue work at its Bissett gold project in Manitoba.Underwriters Goepel Shields & Ne…
Analysts predict hot summer at Voisey Bay
Four prominent mining analysts agree that the Voisey Bay nickel-copper-cobalt discovery will continue to be the hot spot for market activity this year.The experts Douglas Leishman of Yorkton Securitie…