Echo Bay boosts quarterly earnings
A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…
Articles by Northern Miner Staff
PRODUCER PRICES (August 26, 1991)
ALUMINUM: MW U.S. market US57.75-58.50 cents per lb. (Aug. 8, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (July 18, 1991). CADM…
LETTERS TO THE EDITOR (August 26, 1991)
The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…
Triathlon draws 140 competitors
The eighth annual Great Porcupine Goldrush Triathlon attracted 140 competitors on 49 teams to Timmins, Ont., this summer. There were 86 entrants (30 teams) in the 55-km competitive event, and 54 entra…
Imperial loss first in six years
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…
New mining rules for Saskatchewan
New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…
Gem safari to Thailand
Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …
Second-quarter loss for Inland
Junior producer Inland Gold and Silver (NASDAQ) reported a net loss of US$95,356 from sales of US$846,500 for its 1991 second quarter, compared with net income of US$80,484 from gold sales of US$848,0…
Tanqueray strikes deal with Westmin
Under a new agreement with Westmin Resources (TSE), Tanqueray Resources (ASE) has the option to earn a 100% interest in the Little Stull Lake gold project in northeastern Manitoba. Currently, the Calg…
Rio buys 9.9% of El Condor for its stake in Kemess project
A recently arranged private placement of 1.07 million common shares priced at $2.80 each gives Rio Algom (TSE) an initial foothold in El Condor Resources (VSE) and its Kemess gold-copper project in no…
BOOK BRIEFS (August 26, 1991)
Yesterday, Today and Tomorrow, by Matt Bray and Ross Danaher. Published by The Association of Mining Municipalities of Ontario. 45 Hillside Drive North, Elliot Lake, Ont. P5A 1X5. 38 pages. The Associ…
Cambior shifts to base metals with U.S. acquisition
Gold producer Cambior (TSE) has made a move into the base metal field south of the border by acquiring a company with copper prospects in Arizona, Idaho and Nevada. A wholly owned subsidiary, Cambior …