Inco projects flat year for nickel
The world’s largest single producer of nickel, Inco (TSE), expects 1993 to be a flat year. The company also sees future growth occurring outside Canada. First-quarter results for the Toronto-based com…
Articles by Northern Miner Staff
1993 PDAC convention exceeds expectations
The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …
COMMENTARY — Of the gold price, Alaskan permafrost
Analyst Ian Lamont, writing in a recent issue of the Yorkton Natural Resources newsletter: The physical demand for gold bullion is currently extremely strong and, in theory, this should cause the pric…
Futterer award to UBC student
This year’s recipient of the Futterer award is Tina Markovic. The award is given annually to the most outstanding final-year mining student in the Canadian Mineral Industry Education Foundation’s mini…
Coin demand on the rise
Demand for Canadian circulation coins increased 27% to more than one billion pieces in 1992. Most of the increase is due to public interest in the 25-cent and $1 coins of the Canada 125 coin program, …
Blusson to vend interests into a public company
Stewart Blusson recently acquired a controlling interest in Texas Sidewinder Oil (VSE), which will buy all his interests in the BHP Minerals/Dia Met Minerals/Charles Fipke/Blusson joint venture outsid…
Noranda sells Louvem shares to St. Genevieve
Noranda Minerals, a unit of Noranda (TSE), has sold its control block of 11.5 million shares of Louvem Mines (TSE) to Montreal-based junior St. Genevieve Resources (TSE) for $1.7 million (15 cents per…
Producer Prices (May 03, 1993)
ALUMINUM: MW U.S. market US51.25-52.25 cents per lb. (Apr. 22, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
New financings for MinVen, Euro
A strong performance recently by the yellow metal has prompted at least two gold-producers to announce new financing. Cash-strapped MinVen Gold (TSE), which has been burdened by heavy debt and low gol…
ASE requests fire assays of Focal drill samples
The Alberta Stock Exchange has requested that Focal Resources (ASE) retain a Canadian laboratory to fire-assay core from ongoing drilling on a metallic mineral lease in northeastern Alberta. The compa…
OPERATING UNDER SIEGE
The aptly named Giant mine in Yellowknife, N.W.T., was bleeding red ink when Royal Oak Mines acquired Giant and other assets of the Pamour group late in 1990. By the time negotiations began with Local…
HOPE BROOK REVIVAL
Royal Oak Mines acquired the Hope Brook mine in southwestern Newfoundland last year and by July 1, 1992, had begun commerical production. Total output for the year was 50,693 oz. The mine is running n…