Silverado, Amax Gold consider joint venture
Silverado Mines (VSE) says it has reached an “understanding” with Amax Gold (NYSE) for further development of the Grant mine/ Ester Dome project near Fairbanks, Alaska. Assuming the agreement is forma…
News
Cominco still adding up profits
Although most base metal producers won’t say how long they expect metal prices to remain strong, the latest financial results from Cominco Ltd. (TSE) suggest the good times are not over yet. Higher me…
Continental Mt Milligan
The extent of the low grade porphyry gold-copper system at Continental Gold Corp.’s (VSE) Mt. Milligan project in central British Columbia should be known after the current step-out drilling program i…
TURNAROUND MACLELLAN
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…
Cyprus Minerals earnings bolstered by metal prices
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 …
NFLD. ZINC
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,…
Bachelor Lake wrestles with operating problems
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 $390(US) per oz mean the …
Spot prices at a glance (May 01, 1989)
Price Week’s ($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 …
Editorial Inco’s employee incentives
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…
What’s New Mining Pump
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…
50 Years Ago NEGUS POURS GOLD
Yellowknife’s second producer is now on a regular production schedule. A. E. Kipps, consulting engineer, just back from a visit to Negus Mines, tells The Northern Miner that operations are progress…
What’s New A PLC with More Memory
A new programmable logic controller has been introduced by Westinghouse Automation Technology. The PC-1200 has two parallel input/output buses, providing input/ output access in half the time of singl…