Lac production tops million oz.
Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…
Articles by Northern Miner Staff
Pipeline dispute not included in gold Fields-Santa Fe deal
A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…
Hemlo Gold lowers operating cost, increases production in
Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…
METALS MARKETS — Producer shutdowns steady prices
More producer announcements of extended mine and refinery shutdowns during 1993 caused the markets to pause for an impact assessment. To date, the major mining companies appear to be implementing a si…
MSV to purchase Westminer assets
An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…
New gold market
The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…
Mine waste pilot program
A graduate program on mine waste issues is now available at Montana Tech in Butte, Mont. The program is designed to train students to identify and test technologies for mineral waste cleanup.
Asarco reports a loss after special charges
An after-tax charge of US$122.1 million pushed Asarco (NYSE) into a loss position for the year ended Dec. 31, 1992. The company reported a net loss for the year of US$83.1 million, or about US$2.01 pe…
Cutbacks at Falconbridge Gold
In response to depressed gold prices and increasing costs, Falconbridge Gold (TSE) announced it is planning cutbacks at both its Hoyle Pond and Bell Creek operations near Timmins, Ont. At the Hoyle Po…
Cabot becomes sole Tanco owner
Full ownership of Tantalum Mining Corp. of Canada (also known as Tanco) has been acquired by Cabot Corp. of Boston. Cabot, which owned a 37.5% interest in the Manitoba tantalum and lithium producer, a…
PRODUCER PRICES (February 15, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Trio identifies targets at Rodeo
A number of deep drill targets were identified by Trio Gold (ASE) on its Rodeo Creek property on the northern portion of Nevada’s Carlin Trend, one mile northwest of the producing Dee gold mine. The t…