Cominco nixes QSL technology
After three years of studies and tests, Cominco (TSE) has decided not to proceed with the QSL lead smelting process at its metallurgical operations in Trail, B.C. The QSL smelter was fired up in late …
Articles by Northern Miner Staff
Push on to boost Izok Lake reserve
As the 1993 field season gets under way at Izok Lake in the Northwest Territories, a priority will be increasing the zinc-copper deposit’s reserve base, said Klaus Zeitler, president of Metall Mining …
NEWS ROUNDUP — Labs test sample from Tiomin property
A sample of heavy mineral concentrate from the Natashquan, Que., property is being tested at five laboratories in the U.S., Australia and Canada, reports Tiomin Resources (ME). The tests, to be comple…
NEWS ROUNDUP — Lac income falls with gold price
Lower gold prices reduced first-quarter earnings to $600,000 from $3.7 million last year, reports Lac Minerals (TSE). Although the gold-producer slashed cash production costs to US$200 per oz. from US…
Lytton stock plummets on preliminary results
Investors slashed more than $150 million from the market value of Lytton Minerals (TSE) after the company announced the recovery of 44 diamonds from a kimberlite pipe on one of its properties in the N…
NEWS ROUNDUP — USMX in Arizona gold project
Colorado-based USMX (NASDAQ) has exercised its option to participate in a joint venture with Excellon Resources (VSE) and Valdez Gold (ASE) on the Tombstone gold project in Arizona. Excellon and Valde…
Yukon exploration activity picking up
The Yukon’s mineral exploration season is expected to improve considerably this summer after only $10 million was spent in 1992. “It’s definitely picking up,” said Al Doherty, president of the Yukon C…
Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…
Spot prices at a glance (May 10, 1993)
Week’s Price (US) Change Gold* $352.75 + $3.05 Silver* $ 4.25 + $0.20 Platinum* $374.15 – $0.60 Nickel** $ 2.67 – $0.01 Lead** $ 0.19 $0.00 Copper $ 0.82 – $0.03 Zinc $ 0.46 $0.00 Courtesy of Scotiaba…
Island Copper mine to close in 1996 — Garbage dump proposed
Tucked away in the tranquil fjord country of northern Vancouver Island, the Island Copper mine of BHP Minerals Canada is becoming the focus of some unfamiliar media attention. This large open pit has …