Order of Canada for MacMillan
A past president of the Prospectors and Developers Association of Canada (PDAC), Viola MacMillan will be presented in April with the Order of Canada. MacMillan, 90, is a member of the Canadian Mining …
News
Corner Bay hits more high grade
A 3,400-metre definition drilling program at the Main Zone copper property, near Chibougamau, Que., has intersected high-grade copper mineralization over strong widths. Soquem is earning 30% of the pr…
Roadheader in use at New Bousquet No. 1 — Lac testing
The Bousquet No. 1 gold mine might be considered the poor cousin of the three mines owned and/or operated by Lac Minerals (TSE) in the Malartic area of Quebec. The Doyon, owned 50% each by Lac and Cam…
Rio Algom counts on copper earnings
By launching a major project in Chile, Rio Algom (TSE) has secured its future copper earnings, said President Colin Macaulay. The Cerro Colorado property, which is to reach full production in 1994, ha…
EDITORIAL PAGE — Hug a miner — “We want to be wanted.”
Such strange words to be uttered publicly by a mining type. But they were used by Alex Balogh, president and chief executive of Noranda Minerals, at a news conference announcing the Whitehorse Mining …
COMMENTARY — Advances in mining equipment
Canada’s mining equipment industry has demonstrated that it is competitive worldwide. Most Canadian mines employ mature technology and acquire processes and equipment that have been developed and prov…
METALS MARKETS — Companies work to reduce costs
Metals markets continue to be roiled by conflicting economic reports. Amid the lingering recession, quiet consumer demand and growing inventories, miners and manufacturers are attempting to optimize p…
Reading our stock trading tables (April 05, 1993)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
St Andrew posts record production
Revenues and gold production for St Andrew Goldfields (TSE) reached record levels in 1992. The Stock Twp. mine, east of Timmins, Ont., produced 36,301 oz. from 191,152 tons grading 0.198 oz. gold per …
Precious metal issues popular
Investors have taken a shine to precious metal stocks, and Canadian gold producers are seizing the opportunity to issue new equity. Since the beginning of the year, the Toronto Stock Exchange’s gold a…
Royalty dropped from Clinton budget
A royalty on hardrock mining on public land in the U.S. will be dropped from the proposed fiscal 1994 budget of the Clinton Administration, the Associated Press reports. However, White House officials…
Development work continues at Louvicourt base metal project
The well-attended annual meeting of Aur Resources (TSE) in Toronto heard upbeat news about base metals development in Canada. The massive Louvicourt deposit, being developed by Aur and its partners, i…