EDITORIAL PAGE — Silence is not golden
There is something amiss in the diamond exploration game. It relates to the flow of information or, rather, the lack of it. Investors wait months for news of results. When drill results finally are an…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Sarnoff replies: Don’t blame me
It was indeed good of you to tell your readers “Ignore Sarnoff’s diamond warning, exploration activity speaks for itself” (T.N.M., Aug. 2/93). Please permit me to speak for myself. When Dia Met made i…
PRODUCER PRICES (August 16, 1993)
ALUMINUM: MW U.S. market US56.75-57.5 cents per lb. (Aug. 5, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992)…
Mill considered for Round Mountain
A mill capable of processing 8,000 tons per day of non-oxidized and high-clay ores is being considered for the Round Mountain gold mine in Nevada, Echo Bay Mines (TSE) reports. The company owns half o…
Chilean deposit draws bidders
Australian-based North Broken Hill Peko is considering bidding to develop Chile’s huge El Abra copper deposit. The announcement came two weeks after Australia’s biggest company, BHP, said it was consi…
TSE SHORT POSITIONS (August 16, 1993)
Semi-monthly reports as of July 31, showed 80,264,553 shares of 723 issues compared with 82,360,427 shares of 728 issues on July 15. Larger individual positions included: Aber 117,500, up 10,500; Agni…
LAST BUT NOT LEAST — Soquem drills Virginia bet
Drilling is under way on the Sagar-1 property near Fermont, Que., report partners Virginia Gold Mines (ME) and Soquem. The program is designed to confirm the presence of a large zone of copper and pre…
LAST BUT NOT LEAST — Asset writedown on boron venture
A 48% investment in a Chilean boron company is causing plenty of headaches for Boron Chemicals International (VSE) and parent company Trans America Industries (VSE). Boron Chemicals recently negated i…
Lac posts loss in second quarter
Citing lower realized gold prices and a decrease in production, Lac Minerals (TSE) reported a loss of US$800,000 for the quarter ended June 30 compared with second-quarter earnings of US$4.4 million (…
U.S. REPORT — Inventory sought of abandoned mines
The U.S. federal government has been asked to conduct an inventory of abandoned mine sites. The request came from the president of the American Mining Congress (AMC), John Knebel, who asked for an inv…
Busy summer for Stewart area
The Stewart camp in northwestern British Columbia is abuzz this summer as work programs fly into full gear on several advanced projects. The largest is being carried out by Lac Minerals (TSE) on the R…
Newhawk drilling at Sulphurets
Two separate drill programs are being carried out this summer by Newhawk Gold Mines (TSE) on the Sulphurets property, 60 km north of Stewart, B.C. Work on the 60%-owned Bruceside project is to focus o…