Articles by Northern Miner Staff

The MacLellan mine, about 10 km northeast of Lynn Lake, Man., has had a bumpy road to profitability. It started producing gold in late 1986, but even by February, 1988, couldn’t make ends meet. So par…

Strong metal prices are positively affecting the balance sheets of major mining companies such as Cyprus Minerals (NYSE). First quarter earnings jumped to $81 million(US) or $2.94 per share, compared …

Though it’s definitely in the retreat phase, the Newfoundland Zinc mine has enjoyed a successful second life since it reopened in June, 1987. “Thanks to the increase in zinc prices over the past year,…

Rauma-Repola of Finland has signed a purchase agreement to acquire Nordberg Inc. of Milwaukee, Wis. Nordberg is the largest manufacturer of crushing equipment in North America. The first crusher manuf…

Toronto-based Bachelor Lake Gold Mines (TSE) has told staff at its Desmaraisville, Que., operation to work more efficiently this year or face losing their jobs. Unit costs of $390(US) per oz mean the …

Price Week’s ($US) Change($) Gold* 384.40 + 1.50 Silver* 5.78 + 0.02 Platinum* 548.00 + 4.90 Nickel** 6.76 — 0.20 Lead** 0.28 + 0.20 Copper …

Inco’s employees have done pretty well during the past year, as well they should. The company is enjoying record profits and shareholders are receiving record dividends. It’s only fitting that the emp…

After spending nearly a decade proving reserves on two gold deposits near Kenora, Ont., Nuinsco Resources (TSE) and Consolidated Professor Mines (TSE) face a difficult road to production financing. Th…

Options Open Series Volume Last Interest May 390 C 105 4.20 1,603 May 400 C 450 1.50 3,833 May 420 C 70 0.30 2,793 Aug 390 C 6…

A feasibility study recommending production for the Western World copper project in Yuba Cty., Calif., has been received by Plexus Inc., a subsidiary of Plexus Resources (TSE) which holds a 50% stake …

The exchange had a relatively quiet trading week, with the market portfolio ending the reporting period up less than a point and the mining and minerals index closing unchanged. Daily volumes were hea…

A new diaphragm pump is now available from Warren Rupp of Mansfield, Ohio. It features self-priming; explosion-proof construction; low internal velocities, easily handling abrasive viscous material; a…