PRODUCER PRICES (April 27, 1992)
ALUMINUM: MW U.S. market US61-63 cents per lb. (Apr. 9, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …
Articles by Northern Miner Staff
Moly producers need rally in steel making to prosper
Molybdenum: A world over-supply of molybdenum is mainly affecting primary producers such as Amax’s Hendersen mine in Colorado and Placer Dome’s Endako mine in British Columbia. Widely used in the stee…
Namibia pins hopes on mining
Namibia is confident that its investor-friendly policies, coupled with favorable mineral prices, will result in an upturn in its economy by the mid-1990s. “Potential investors have been waiting to loo…
INSIDER TRADING (April 27, 1992)
Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …
Canyon improves its bottom line
A total of 57,070 oz. gold was produced last year by Canyon Resources (NASDAQ) from the Kendall mine in Montana, an increase of 104% from the company’s gold output in 1990. This improved operating per…
Dying exploration industry prompts campaign — Kidd staff
Deeply concerned about their chances of finding another substantial orebody to replace reserves at the aging Kidd Creek copper-zinc-silver mine, geologists at Falconbridge’s Timmins exploration office…
BGR fund foregoes dividend, keeps cash for `opportunities’
BGR Precious Metals (TSE), the only closed end gold investment fund to survive the recent slump in bullion prices, recently cancelled its quarterly dividend. The 25 cents dividend was scheduled to be …
5-hole program at Newton Hill
A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…
GUEST COLUMN (April 27, 1992)
Three recent conferences illustrate why environmental issues continue to be a priority for the mining industry. During the week of March 9-13, I attended Mining Week in British Columbia, a public cele…
MINER DETAILS (April 27, 1992)
CBC’s recent television “expos” of the New World project near Yellowstone Park, Mont., was predictable, biased and full of weary stereotypes that badly need to be challenged. Worse than that, it was a…
PROFILE (April 27, 1992)
Captains of industry are often portrayed as nose-to-the-grindstone types with little interest in anything but business at hand. But this dated stereotype clearly doesn’t apply to Poul Hansen, presiden…
Kitimat smelter’s fate rests on global decisions
The decision to construct a copper smelter at Kitimat on the British Columbia coast is now delicately balanced — the result of several key decisions made recently by the copper industry around the wo…