Mexico keeps up pressure to boost exploration
Within the next few months, the Mexican government will take another step toward full privatization of its mining sector by selling three million hectares of mineral lands. Having already sold its vas…
Articles by Northern Miner Staff
Exall begins work in Guyana
Toronto-based Exall Resources (TSE) has signed an agreement to acquire the exclusive right to explore for and develop alluvial gold and diamond deposits along a section of the Mazaruni River in Guyana…
On the Level (March 16, 1992)
This country is sorely in need of some new mines — big ones. But what in the world will it take to turn the industry around? Over the years it has learned to cope with the cyclical nature of the busi…
Others’ words (March 16, 1992)
“During the Iraq invasion of Kuwait, gold dealers expected a surge from Kuwaitis exchanging worthless dinars for physical gold, but the orders never materialized. It turned out that the Kuwaitis were …
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…
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…