HEAP LEACHING, A PROFITABLE SIDELINE
Heap leach ore at El Indio is a byproduct of mining in the Tambo open pits. Low-grade ore running on average 1.2 g per tonne — waste rock were it not for heap leaching — is piled in 6-m lifts up to …
News
WORKER PAYRATES
Labor costs run between US$500 to $1,000 per month for unionized workers at El Indio. Workers also benefit from an incentive program, similar to mining bonuses at Canadian operations, and a profit-sha…
A SURVIVOR AND THEN SOME: Macassa is the lone mine in Kirkland
On May 23, 1990, the three millionth ounce of gold from the Macassa mine was poured. Macassa, owned and operated by LAC Minerals Ltd., is located on the outskirts of the town of Kirkland Lake, in Teck…
RESERVING A FUTURE: LAC has instituted a systematic, three-pronged
LAC’s exploration efforts are divided into three informal components. Two are already functioning and a third only recently was initiated. The first such component has a worldwide mandate for “pure ex…
Timmins warrants
Timmins Nickel (TSE) reports that all five million special warrants issued during the summer in a private placement have been exercised and exchanged for five million common shares. The warrants sold …
GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
Dasher offering
Consolidated Dasher Resources (VSE) plans a rights offering, subject to regulatory approval, in Ontario and British Columbia. One right will be issued for one share; three rights and 15 cents will per…
FINANCING (November 25, 1991)
Silverstone Resources Ltd – 1,500,000 shs offered @ 17 per sh.
FUTURES PRICES (November 25, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 104.90 103.80 104.25 – 1.55 Dec 104.55 103.20 103.75 – 0.85 Jan 103.50 103.40 103.15 – 0.75 SILVER (in US cen…
Agnico president active in market
Agnico-Eagle Mines (TSE) recently reported the discovery of a new gold-bearing zone 300 ft. north of the main production area at its LaRonde gold mine at Cadillac Twp., Que. President Paul Penna bough…
Synthetic industrial minerals studied
An industrial mineral background paper exploring the development potential for manufacturing synthetic industrial minerals in Ontario was recently released by the Ontario Ministry of Northern Developm…
Funds available for Rabbit Lake review
Participants in the review of Saskatchewan’s Rabbit Lake uranium project are eligible for funding from the Federal Environmental Assessment Review Office (FEARO). A fund of up to $125,000 is available…