With 300 men now engaged, and 50 or 60 more to be added, the Sherritt Gordon mine again becomes an important factor in the mining industry of the country. This property, out of production for five yea…
Most agreements that contemplate a party acting as an operator to carry out exploration or other mining work financed by several parties permit the operator to charge against the project some of the o…
Denison Mines of Toronto has found itself in a happy situation thanks to some new technology. An efficient extraction method called solvent extraction and a revolution in solid-state physics could boo…
Consolidated Sea Gold Corp. reports that subject to regulatory approval, it has arranged a financing with ManKay Investments X Ltd. Partnership for $388,000 to be used for exploration work on Sea Gold…
Some relatively high grade gold values have been reported from a breccia feeder system at Pioneer Metals’ Bonito property near Ruidoso, N.M. President Robert D. Willis confirms the system is “only one…
Canuc Resources and Orofino Resources have concluded a joint venture agreement to explore Canuc’s Coronation Gulf gold property in Northwest Territories. Under the agreement, Orofino can earn a 70% jo…
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…
The goal of Abermin Corp. is to become a “major mining company by 1995,” Roger P. Taylor, president, told the annual meeting. He said the Tartan Lake project in northern Manitoba (N.M., June 8/87) “wo…
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…
Echo Bay Mines recorded a net income during the first quarter of this year of $8.1 million (18 cents per share) compared with $5.7 million (14 cents per share) for the same period in 1986. Total rev…
The following article was written exclusively for The Northern Miner by Mr Anderson, former chairman, Cominco Ltd. and now a director of Gensler & Schwab Inc., New York, management consultants, and Mr…
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