Porgera installs vertical conveyor
Placer Dome’s (TSE) Porgera mine in Papua New Guinea chalked up another first with the recent successful commissioning of a 670-ft. underground vertical ore conveyor. The conveyor, the first of its ki…
News
EXPLORATION’92 — Newfoundland responds to mining
A streamlined environmental assessment process, reduced taxes and the elimination of some fees are among measures Newfoundland and Labrador is taking to revitalize its ailing mineral industry. Mines a…
Trump options Quebec property
Toronto-based junior Trump Reserve Minerals (ASE) has concluded an agreement to earn a 50% interest in a 36-claim gold property just east of Lebel-sur-Quevillon, Que., from Murgor Resources (VSE). Und…
Tenby property find — Colored microdiamonds spur investor
The discovery of tiny colored stones in the Lac de Gras area of the Northwest Territories has spawned a new surge of investor interest in the diamond exploration game. After joint venture partners Abe…
Placer Dome improves bottom line
A strong performance from gold operations enabled Placer Dome (TSE) to report a 45% improvement in earnings for the first nine months of this year over the comparable period in 1991. Net earnings reac…
Agnico reports $3.8-million profit
Despite remaining unhedged against weak gold prices, Agnico-Eagle Mines (TSE) reported third-quarter earnings of $3.75 million (13 cents per share) compared with $442,000 (1 cents per share) for the s…
GUEST COLUMN — Diagnosing the industry’s woes
How healthy and profitable is the minerals industry at present? The answer is, “Not very healthy and not very profitable.” A major study, completed by a task force consisting of industry executives wi…
Spot prices at a glance (November 23, 1992)
Week’s Price (US) Change Gold* $ 335.40 + $5.20 Silver* $ 3.77 + $0.06 Platinum* $ 353.50 – $1.10 Nickel** $ 2.43 – $0.10 Lead** $ 0.21 + $0.01 Copper $ 0.97 + $0.01 Zinc $ 0.47 $0.00 Courtesy of Scot…
Correction (November 23, 1992)
The letter to the editor titled “Rooting for Bern Brynelsen” (T.N.M., Nov. 16/92), regarding Bern Brynelsen and his Canadian Mining Hall of Fame nomination, stated in the lead paragraph that Brynelsen…
EDITORIAL PAGE — Moving in the right circles
A reader glancing through early issues of The Northern Miner will no doubt come across the name Hollinger quite frequently in news stories. The reference might be to the spectacular gold mine in the T…
Call for papers (November 23, 1992)
The Calgary Mineral Exploration Group will be holding its Second Annual Mining Forum March 3-4, 1993, at the Ramada Hotel in downtown Calgary. Interested individuals are invited to submit papers to be…
METAL PRICES — FREE MARKET (November 23, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1405-1406 1402-1403 1384-1385 1410-14…