Witte shares managing secrets
A loyal and technically competent management team is the essential ingredient in any growing mining company, Peggy Witte, president of Royal Oak Mines (TSE), told a recent gathering of the Toronto bra…
Articles by Northern Miner Staff
Hemlo options Taurus property
A recent letter of agreement sets the stage for Hemlo Gold Mines (TSE) to begin earning a 50% interest in the Taurus copper-molybdenum-gold property of Lodestar Explorations (VSE) in east-central Alas…
Gold Fields drops Blue Dog
By mutual agreement, an option allowing Gold Fields Mining to earn a 60% interest in the Blue Dog gold property from Gold Canyon Resources (VSE) was recently terminated. The Idaho gold project was pre…
Review of Dessir core reveals salting of samples
“Salt vt: to enrich (as a mine) artificially by secretly placing valuable minerals in some of the working places” (Webster’s New Dictionary). Although Webster’s definition doesn’t necessarily portray …
MINER DETAILS; Making royalties look easy
Mining can be a pretty terrible business. When commodity prices are up, companies make huge capital investments to develop a mineral deposit. The metal price inevitably falls and the company must suff…
Former president of Sumac fights government lawsuit
A cyanide spill at the former Union mine near Grand Forks, B.C., has left Robert Seraphim fighting charges and a suit brought against him by the province of British Columbia. Sumac Ventures operated a…
FINANCING (May 04, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh.
Asarco forms new divisions
Two operations consolidations were announced recently by Asarco (NYSE). The large copper producer has merged its Amarillo copper refinery and El Paso copper smelter, both in Texas, to form its Southwe…
Spot prices at a glance (May 04, 1992)
Week’s Price (US) Change Gold* $334.75 – $3.55 Silver* $ 3.94 – $0.05 Platinum* $340.75 – $0.85 Nickel** $ 3.38 – $0.01 Lead** $ 0.24 $0.00 Copper $ 1.00 $0.00 Zinc $ 0.62 + $0.02 Courtesy of Scotiaba…
METAL PRICES (May 04, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 28 Apr 27 Apr 24 Apr 23 Apr 22 Copper 1236-1237 1241-1242 1245-1246 1248-1249 12…
PRODUCER PRICES (May 04, 1992)
ALUMINUM: MW U.S. market US62-62.75 cents per lb. (Apr. 15, 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). CADMI…
CUPCAKE HAULAGE: The 12-tonne-capacity concentrate “cupcakes”
When Curragh Resources first considered taking over the Faro operation, concentrate transportation to the Alaskan seaport at Skagway was a key, make-or-break factor. The previous mine owners had relie…