Miner Details (March 16, 1992)
British Columbia doesn’t make the front page of international newspapers often, but it has in recent months, and the stories are not flattering ones. As any environmentally aware Londoner can tell you…
Articles by Northern Miner Staff
Mapping of Africa
The government of Tanzania will host a meeting, April 6-10, at Arusha, Tanzania, to discuss the initial results of the $4-million African Magnetic Mapping Project. About 800 surveys, mostly airborne, …
OBITUARY (March 16, 1992)
Norman C. Croome, who has been active in the mining industry for 45 years, died recently. He was 71. Born in Rainy River, Ont., Croome graduated in civil engineering and geological studies from the Un…
Goldteck holdings
Discussions are under way with Teck (TSE) to sell to Teck the Canadian mining properties of Goldteck Mines (TSE), the latter reported. Goldteck also reported that it understands that Teck, Greater Tem…
Placer’s output almost 1.7 million oz.
New ore discovered at nine operating mines are reported to have more than offset the 1.68 million oz. gold produced to the account of Placer Dome (TSE) in 1991. The Vancouver-based major said gold res…
Alaska production up 4% in 1991
Gold, coal, zinc and silver mining production in Alaska increased to a total value of US$554 million in 1991, a 4% increase over the previous year. A preliminary report on Alaska’s mineral industry re…
Spot prices at a glance (March 09, 1992)
Week’s Price (US) Change Gold* $350.20 + $1.80 Silver* $ 4.11 + $0.04 Platinum* $360.75 + $6.95 Nickel** $ 3.36 – $0.23 Lead** $ 0.24 + $0.01 Copper $ 1.02 – $0.01 Zinc $ 0.54 + $0.02 Courtesy of Scot…
FUTURES PRICES (March 09, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 102.60 101.90 102.20 + 0.20 May 102.60 101.85 102.15 + 0.60 Jun 101.80 101.30 101.55 …. SILVER (in US cents…
Imperial posts third-quarter loss
A writedown of investments in several associated companies contributed to Imperial Metals’ (TSE) net loss of $3.7 million for the third quarter ended Dec. 31. This compares to net income of $240,000 i…
Hecla to develop Grouse Creek
Following an increase in estimated reserves at the Grouse Creek project in south-central Idaho, owner Hecla Mining (NYSE) is planning to bring the property into production. Proven and probable reserve…
EDITORIAL PAGE (March 09, 1992)
It was only a passing reference in Finance Minister Donald Mazankowski’s recent federal budget, but Ottawa’s plan to consider privatizing the Cape Breton Development Corp. (Devco) is a good one. The p…
PEOPLE (March 09, 1992)
Mike Moustakis appointed director.