COMMENTARY — Oversupply just won’t go away
Base metal markets remain seriously oversupplied and the situation is worsening. Inventories of metals, particularly on the London Metal Exchange, continue to climb relentlessly with new all-time inve…
News
PEOPLE — CONS. NEVADA GOLDFIELDS — Geoffrey Hoyl appointed
Gary Robinson appointed director. N5…
Joe Mann output in sharp decline
Production at the Joe Mann gold mine near Chibougamau, Que., dropped sharply, and operating costs rose significantly, during the first half of the year. Campbell Resources (TSE) reports output of 27,2…
True width remains uncertain — Unusually rich core for Cons.
Toronto-listed Consolidated Nevada Goldfields has reported a spectacular intercept of high-grade gold from its Nixon Fork deposit in west-central Alaska. Hole 93-22 intercepted 29.3 ft. grading 16.34 …
European mining focus of forum
North American businessmen can learn about the mining potential of Central and Eastern Europe at a forum this month in Mississauga, Ont. Business Forum ’93 is being organized by the International Indu…
Altai uncovers new Peruvian zone
Reconnaissance work in Peru has led to the discovery of a large gold-copper-bearing porphyry zone outside and to the east of the Rio Oro property. Altai Resources (TSE) says the zone has a visible len…
STOCK MARKETS — Western markets anticipate rebound for gold
Both the resource and composite indexes of the Vancouver Stock Exchange gained ground over the period ended Aug. 31 as investors awaited a rebound in the price of gold. The resource index added 35.67 …
Dakota active in Bolivian province
The Dakoro joint venture in Bolivia has completed the registration of the required conveyance documents to purchase gold property in Larecaja province, Dakota Resources (ASE) reports. Dakota has an in…
LETTERS TO THE EDITOR — `Miners-get-out’ attitude sending
I find it ironic that the cartoon in your July 26 issue would appear beside the two letters to the editor about “sustainable development fraud” and “Canada exporting engineers.” The cartoon implies th…
Hemlo Gold renews option on Cripple Creek property
In recent drilling at the Cripple Creek property west of Timmins, Ont., Hemlo Gold Mines (TSE) turned up gold mineralization in an unexplored area. According to joint-venture partner Gowest Amalgamate…
Louvem options Val d’Or properties
Montreal-based Louvem Mines (TSE) has optioned 102 claims northeast of Val d’Or, Que., from privately owned Gestion GMS and two other parties. The junior can earn a 50% interest in the claims by spend…
LETTERS TO THE EDITOR — Beware of pessimists, investors
The editorial comments and letters to the editor published in the Aug. 16 issue of The Northern miner require a response. The editorial comments of “silence” failed to note that BHP and Dia Met have i…