NovaGold hits the road to raise $4-$20 million
With a successful financing, NovaGold Resources (TSE) of Halifax, N.S. could have its first gold mine in production by the end of the year, says president Gerald McConnell. Speaking at an information …
Articles by Northern Miner Staff
Global mine production of gold up 6% in 1987
As in past years, international mining company Consolidated Gold Fields’ Gold 88, a review of last year’s gold scene around the world, does not disappoint. Below is a sampling of information “nuggets”…
New N.B. exploration fund draws hopeful prospectors
Chances look good that prospectors will be flocking to take advantage of a new mineral exploration assistance program set up by the province of New Brunswick. Though it had been open for business for …
La Teko resumes production at gold mine near Fairbanks
Gold production has resumed at La Teko Resources’ Ryan Lode mine near Fairbanks, Alaska. A dore bar weighing 278 oz was poured June 20 and a second was scheduled by month- end. Over 1,000 oz of gold h…
Metal Prices PRODUCER PRICES (July 04, 1988)
ALUMINUM: MW U.S. Market $1.30-$1.40 per lb. (June 23, 1988). ANTIMONY: New York dealer $0.92-$1.00 per lb. (June 23, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Most mines cost $200(US) to operate
According to a study by Andre Lemieux of the federal department ofEd Resources, cash operating costs of the 45 mines inCose sole or most valuable product was gold averaged$ut $200(US). Those mines acc…
Skyline commissioning mill at Johnny Mountain project
Mill commissioning is under way at Skyline Explorations’ (TSE) Johnny Mountain property north of Stewart, B.C., according to R. E. Davis, president. He says that commercial production is expected to “…
Mine rescue awards reflect safety record of mining in B.C.
A mine rescue team from Cominco’s Sullivan mine at Kimberley, B.C., won top spot in the underground mining category in a recent province-wide mine rescue competition. A total of nine B.C. mines took p…
Toronto Stock Exchange Booming U.S. buck sends gold south
Renewed confidence in the U.S. dollar ravaged gold prices which crashed almost $15 to $443.55(US) on the second London fix. The result was a sell-off of most gold equities which pushed the gold and si…
Development award goes to Gordon at N.B. symposium
Morton Gordon, chairman of Gordex Minerals, has been named 1987 “Developer of the Year” by the New Brunswick Prospectors and Developers Association, and received a presentation at a recent gold sympos…
Better calculation yields higher grade
Resources (VSE) has established a higher grade reserve at its Mount Washington property on Vancouver Island. A new calculation shows 472,000 tons averaging 0.26 oz gold and 1.3 oz silver. A minimum 6-…
Win-Eldrich aims for early production Nevada gold project
If results of the feasibility testing now under way prove satisfactory, Win-Eldrich Mines (TSE) could be seeing heap leach production from its Ashdown gold project in Nevada as early as mid-1989, Rube…