PRODUCER PRICES (January 04, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). 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. (Jun. 11, 1992). CA…
Articles by Northern Miner Staff
Study in progress for La Colorada
Proceeds of $552,000 received by Eldorado (VSE) from an initial public offering will be combined with revenue from gold sales to further advance the La Colorada gold project near Hermosillo, Mexico. E…
1992 — A LOOK BACK — Lupin anniversary
A major Canadian gold mine — Lupin in the Northwest Territories — celebrated its 10th anniversary in 1992. The Lupin mine, operated by Echo Bay Mines (TSE), has produced more than 1.72 million oz. g…
Aur options Jones Hill
Further exploration of the Jones Hill volcanogenic massive sulphide deposit will be carried out by Aur Resources (TSE), which recently optioned the New Mexico project from Champion Resources (VSE). Au…
Quinto closes funding deal with investment syndicate
A previously announced funding agreement between Quinto Mining (VSE) and a U.S. investment syndicate was recently finalized. In return for $4 million in funding, the syndicate will earn a 50% interest…
New Canamin drilling to resume
Drilling is expected to resume on the Huckleberry porphyry copper property near Kemano, B.C., this month. The drilling will complete the planned 1992 program which was recently suspended because of he…
Teck buys shares of Northern Crown
A planned private placement of 770,000 shares at 65 cents each will give Teck (TSE) an initial 15.5% holding in Northern Crown Mines (VSE). The placement includes warrants to purchase an additional 95…
Flag litigation
Calgary-based Flag Resources (1985) (ASE) says it is proceeding with litigation against RBC Dominion Securities Inc. and M.D. Management Ltd. over the trading of its shares early in December.
1992 — A LOOK BACK — Permitting delays slow U.S. projects
Although a number of companies did manage to bring new mining projects in the U.S. into operation during the year, numerous others continue to face delays in receiving environmental permits. Atlas (NY…
WHAT”S NEW
Wajax Industries has been named the sole distributor of ABS Pumps, a maker of a broad line of submersible pumps for the mining industry. Wajax will provide parts and service on ABS dewatering and tras…
CALENDAR (January 01, 1993)
1993 Jan. 18-20, Ottawa. 1993 Current Activities Forum, Collaboration — the Key to the Future. Contact the Geological Survey of Canada, Susan Mrak, (613) 992-0640. Feb. 21-24, Scottsdale, Arizona. Se…
A MINE-FINDER’S GUIDE TO THE LATEST IN GEOPHYSICS
While compiling the material for this annual review article — my first such effort since Dr. Peter Hood’s retirement last year — I had the opportunity to discuss the status of mineral exploration in…