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-…
News
`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…
Spot prices at a glance (September 26, 1988)
Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…
Correction (September 26, 1988)
Contrary to what was reported in The Northern Miner Sept 19, American Barrick Resources’ (TSE) new 4,500-ton-per-day Goldstrike mill will initially process ore from the high grade portion of some eigh…
Amca Turned Down on Lease Renewal
A proposal by Amca Resources (VSE) to extend the lease on its sole project, the Silver Cross property in Arizona, was recently turned down by the leasor. Amca held a 67.5% interest in the gold-silver …
Chromium, nickel and stainless steel
Demand for chromium and nickel remain strong, but the two metals, essential alloy constituents of stainless steel, have little else in common, writes Roskill of London in two new studies. Chromium hea…
Editorial Lost in the shuffle
Creating a federal ministry for housing is widely seen as a sop to Toronto’s voters, a gesture with little substance. Intended to show concern for city issues, many regard it as little more than a plo…
Minorco offers $6.6 billion for Consolidated Goldfields
Luxembourg-based Minorco has commenced what promises to be a titanic bidding war by announcing a $6.6 billion(US) offer for all the outstanding shares of Consolidated Goldfields of London. Minorco alr…
Letters to the Editor NovaGold’s fatal flaw
Leaving aside the negative impact of the Western Mining-Seabright Resources dispute, the dragged-out uncertainly over flow- through and the general skepticism over Nova Scotia gold prospects, the Nova…
Editorial What’s in a name?
The Mining Association of Canada’s initiative in calling for a major research program to improve the management of mines’ tailings is an important one. Raising the issue and offering to pay a major pa…
Feasibility Study Near For QR Gold Deposit
A $1-million program ending in a feasibility study on the QR gold deposit near Quesnel, B.C., is scheduled for completion in early 1989 by QPX Minerals (VSE). According to Tim Ryan, president, a produ…
Stan West pours gold at McCabe in Arizona
First gold has been poured at Stan West Mining’s (TSE) McCabe mine, a former producer three miles west of Humboldt, Ariz. A study by the consulting firm of Derry, Michener, Booth and Wahl indicates th…