Editorial Good pay in mining
Productivity improvements in the mining industry over the past decade has proven to be a mixed blessing for its workers. According to a report from Statistics Canada, mine workers were among the highe…
Articles by Northern Miner Staff
People (February 05, 1990)
BOND INTERNATIONAL GOLD — Hector Figueroa appointed vice- president of finance; George Young, general counsel and secretary, Holly Thomas, director of investor relations.
Correction (February 05, 1990)
Reference (T.N.M., Jan. 22/90) to an exploration project in Grevet Twp. near Matagami, Que., by VSM Exploration (ME) and Serem Quebec included an incorrect tonnage figure. Current reserves stand at 6….
Stroud to double stake in Hislop Twp. gold bet
Toronto-based Stroud Resources (TSE) is set to double its stake in a Hislop Twp. gold project near Timmins, Ont., by acquiring the 50% interest held by its former partner Chevron Minerals, a unit of C…
Minnesota lowers tax rate for mines
Mining taxes in Minnesota have been lowered by legislators in an attempt to stimulate mineral exploration. Although the state has no base or precious metal mine production, a high tax rate — one of t…
Toronto Stock Exchange Bears rule the market as index continues to
The bear hug squeezing equity markets refused to let go today, Jan. 31, as the composite index slipped another 2.58 points to close at 3,704.42 points. That’s six straight days of losses. Since early …
Redstone hit by high costs, low pries
The future of the Redstone nickel mine, 22 km southeast of Timmins, Ont., has been placed in jeopardy by high operating costs and deteriorating conditio ns in the world nickel market. Less than a year…
Spot prices at a glance (February 05, 1990)
Week’s Price (US) Change Gold* $417.55 +$ 3.80 Silver* $ 5.21 –$ 0.07 Platinum* $510.35 +$10.25 Nickel** $ 2.72 –$ 0.06 Lead** $ 0.32 Co…
Stanleigh still open but Rio closing other Elliot Lake mines
Rio Algom (TSE) will consider selling its Quirke and Panel uranium mines in Elliot Lake, Ont., — scheduled to close in mid-1991 — if suitable offers are made, a company spokesman told The Northern M…
Teck funding gives Lysander cash for copper-gold prospect
Junior Lysander Gold (VSE) is planning to use the proceeds of a private placement by Teck (TSE) for ongoing exploration of the Cat Mountain project where widespread copper-gold mineralization was foun…
Coeur d’Alene profits with low prices
Even with the relatively low price of gold and silver during 1989, Coeur d’Alene Mines (AMEX) maintained a profit for the nine months ended Sept. 31. Net income for the nine months was US$5 million or…
Bill to change 1872 Mining Act reaches Congress
Legislation to repeal the mining law of 1872 was introduced recently by Representative Nick Rahall (West Virginia), chairman of the House Mining and Natural Resources Subcommittee. In introducing the …