MINER BRIEFS — Stratmin mica
Stratmin (ME) reports that a university in Belgium has extracted and concentrated a mixture of muscovite-phlogopite mica from a sample taken from tailings at Stramin’s Lac-des-Iles graphite property n…
Articles by Northern Miner Staff
Price plunge may trigger more Inco cuts
If the nickel market continues to deteriorate, further production cuts could be in store at Inco’s (TSE) operations, says Chairman Michael Sopko. “We cannot carry the rest of the industry,” he told an…
NEWS ROUNDUP — Metall to sell Teck shares
Metall Mining (TSE) has announced a secondary offering of five million class B subordinate voting shares of Teck (TSE). The offering will net Metall about $93.8 million which will be used to help fina…
Ontario seminar on Indian lands
The current state of mining and prospecting on Indian lands was the topic of a recent seminar hosted by the Sault and District Prospectors Association. The lands are administered under the Robinson Hu…
Mining among key issues in Yukon election
Mining became a much larger issue in the recent Yukon election than it has been in the past, says the managing director of the Yukon Chamber of Mines. Rob McIntyre said the chamber helped raise mining…
MINER BRIEFS — Minproc, Hugo
Minproc Engineers of the U.S. and Australia and Hugo Petersen of Germany have agreed to combine their expertise and resources. Minproc will design and construct sulphuric acid plants and related turn-…
U.S. dollar pushes gold down
Gold’s recent dip to a 6-year low of US$330 per oz. was largely a function of a strengthening of the U.S. dollar relative to other currencies, some analysts say. “In U.S. dollar terms it got pushed to…
EDITORIAL PAGE — Good uranium sense
There is something wonderful about individuals taking advantage of their God-given talents and strengths and using them for their own and mankind’s benefit. The same might be said about Canadian provi…
COMMENTARY — Debate over U.S. Mining Law
Perhaps the most urgent issue for mining in the West has been the attempt to amend or to revoke the Mining Law of 1872. For four or more years, a fight to replace the Law was led by Representative Nic…
Placer Dome improves bottom line
A strong performance from gold operations enabled Placer Dome (TSE) to report a 45% improvement in earnings for the first nine months of this year over the comparable period in 1991. Net earnings reac…
Agnico reports $3.8-million profit
Despite remaining unhedged against weak gold prices, Agnico-Eagle Mines (TSE) reported third-quarter earnings of $3.75 million (13 cents per share) compared with $442,000 (1 cents per share) for the s…
Spot prices at a glance (November 23, 1992)
Week’s Price (US) Change Gold* $ 335.40 + $5.20 Silver* $ 3.77 + $0.06 Platinum* $ 353.50 – $1.10 Nickel** $ 2.43 – $0.10 Lead** $ 0.21 + $0.01 Copper $ 0.97 + $0.01 Zinc $ 0.47 $0.00 Courtesy of Scot…