THE CARBON SOLUTION
Recovery of gold from cyanide leach solutions can be carried out by zinc precipitation, carbon-in-pulp (CIP) and resin-in-pulp methods. CIP has been generally favored as the method in recently constru…
Articles by Northern Miner Staff
Correction (October 03, 1988)
Contrary to what appeared in The Northern Miner Sept 26, QPX Minerals’ QR deposit has reserves of one million tons at 0.2 oz gold per ton.
Golden Pond project success of Casa Berardi area
A discovery by Inco Ltd. (TSE) geologists in 1981 of a gold deposit lying about 60 miles north of La Sarre, Que., recently became a producing mine (Golden Pond East), a positive sign for the Casa Bera…
How Newmont tries to balance financing, risk-taking
From an address to the Financial Times World Gold Conference by Gordon R. Parker, chairman, president and chief executive officer of Newmont Mining Corporation. To talk about financing companies is to…
Kimex drilling
Two drill holes on property in Beauchastel Twp. in northwestern Quebec have intersected “very interesting copper values,” Kimex Resources (ME) reports. The property is located 15 miles west of Rouyn-…
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
COOKIE JAR MINING
Gordon Strasser, a 59-year-old mining engineer, calls it “cookie jar mining.” The term describes a new method of mining those isolated pockets of rich gold mineralization which are too small to justi…
Cambior, Audrey sell gold forward
Two mining companies in northern Quebec, Cambior Inc. (TSE) and Audrey Resources (TSE), recently revealed details of forward sales of production. Cambior will deliver, during the last four months of 1…
Law DUE DILIGENCE
The phrase “due diligence” is familiar to most people in the business world, but how many people really know what it means? To the average business person, the phrase indicates an extensive, comprehen…
Specs SECURE GROUND
As our mines grow older, our miners are working in stopes which are deeper and deeper underground. Some stopes are 6,000 ft below surface and two new base metals discoveries in the Sudbury Basin — th…
Metal Prices PRODUCER PRICES (October 03, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…
MSV buying out Eastmain partner
Quebec junior MSV Resources (ME) plans to go it alone at the Eastmain gold project near James Bay. MSV has announced it has entered into an agreement with project partner Placer Dome (TSE) to purchase…