New concepts in drilling
Thermally stable polycrystalline diamond has been available to the drilling industry for a number of years now and cutters manufactured from this material have been found to perform extremely well in …
Articles by Northern Miner Staff
BP Canada up for sale
The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…
Placer’s high-cost mines at risk
Placer Dome’s (TSE) “gross strategy” in the months ahead will be to undercut worldwide average production costs of US$265 at all of its mines while maintaining gold production, President Tony Petrina …
GUEST COLUMN (May 18, 1992)
In your guest column “Geostatistics or voodoo science?” (T.N.M., April 20/92), Jan Merks advocates the new “grade-squared partition technique” as a more precise and realistic approach to reserve estim…
George Miller new chairman for Hall of Fame
The Canadian Mining Hall of Fame has a new chairman. George Miller, president of the Mining Association of Canada, replaces Maurice Brown, who has chaired the Hall’s board of directors since the Hall’…
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…
Hemlo in charge at Central Crude
Exercising its ownership position in Central Crude (TSE), Hemlo Gold Mines (TSE) moved to gain control of the board of directors at the junior’s annual meeting in Toronto and operation of the company….
TORONTO STOCK EXCHANGE INDICES (May 18, 1992)
May 12 May 11 May 8 May 7 May 6 High Low Composite”300″3427.89 3427.23 3374.43 3362.90 3361.30 4009.47 3009.91 Metals&Minerals 3089.15 3069.33 2995.50 2985.60 2967.75 3453.06 2502.63 Integrated Mines3…
GOLD FUNDS (May 18, 1992)
BGR Central Net Value $7.69 $5.02 Price $6.00 $4.500 Discount 21.96% 10.4% Value $45,772,000 $75,709,350…
Spot prices at a glance (May 18, 1992)
Week’s Price (US) Change Gold* $334.75 – $2.00 Silver* $ 4.08 + $0.01 Platinum* $352.80 + $0.15 Nickel** $ 3.31 – $0.04 Lead** $ 0.24 $0.00 Copper $ 1.00 + $0.01 Zinc $ 0.61 – $0.02 Courtesy of Scotia…
CDDA to mark 50th anniversary in New Orleans
Practically everyone knows everyone in the Canadian drilling industry, and that was clearly evident at the 49th annual convention of the Canadian Diamond Drilling Association (CDDA) staged here recent…
Drilling industry caught up in a changing world
Last year when I took over the presidency of the Canadian Diamond Drilling Association, I mentioned that I was born during worst year of the Depression. It seems ironic that the past year may become k…