Increased smelter charges reflect zinc supply
There are some who may need to consult economists and pore over volumes of statistics to gauge the health of the economy. A faster way may be to examine the zinc price. About 46% of the metal is used …
Articles by Northern Miner Staff
Minerva options Mexican property
After months of intense negotiations, a Mexican company owned 49% by Minerva Gold Mines (VSE) has emerged with an option agreement to purchase the La Conquista property located entirely within the bou…
War Eagle is encouraged by drilling at La Blanca
Recent drilling on the La Blanca property in the state of Chihuahua in Mexico has owner War Eagle Mining (VSE) optimistic ongoing work will prove up a large silver-gold deposit. Based on eight drill h…
Teck invests in Chilean venture
Armed with funds from a recent private placement, Arauco is planning to accelerate exploration programs on the more developed properties which it has acquired in southern Chile. Funding for this work …
Sale of interest in Cominco, Afton lifts Metall income
Proceeds of $18 million from the sale of its interest in Cominco (TSE) and Afton Mining boosted Metall Mining’s (TSE) earnings to $15.2 million (35 cents per share) in 1991 from $2.9 million in 1990. …
Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…
Hemisphere samples Australian pipe
Results from four samples taken on the Leopold Downs lamproite pipe in Western Australia indicate that the pipe’s diamonds can be recovered by gravity separation, says Hemisphere Development (VSE). Th…
Cameco drilling finds new zone at Contact Lake
Cameco (TSE) has discovered a new gold zone on the Contact Lake (Preview Lake) property north of La Ronge, Sask. Drilling along the Bakos structure, where three zones have already been identified, Cam…
33 mines shut down in 1991, net job loss reaches 2,000
Ore depletion, low metal prices and depressed market conditions resulted in the permanent closure or suspension of 33 Canadian mines in 1991, according to the Mineral Policy Sector of Energy, Mines an…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …