Francoeur’s a little mine with a big profit
er the past half-dozen years, Jean Guy Rivard has patiently built a little gold mining company. Its head office is not on Toronto’s Bay Street or Vancouver’s Howe Street. stead, Rivard and his company…
Articles by Northern Miner Staff
Former producer used for mining research
New life has been breathed into the old Beacon mine, a copper-gold producer, 16 km east of here, which operated between 1922 and 1933. These days, the property is the home of an experimental mine belo…
Carson mobilizes exploration team
Armed with net proceeds of $5.9 million from a recent private placement, Carson Gold (VSE) is mobilizing a geologic exploration crew to begin work on a gold concession in the Kilometer 88 district of …
LATIN AMERICA ROUNDUP — Leach test for La Colorada
Eldorado (VSE) has recovered 1,300 oz. gold from a recent bulk leach test on the La Colorada property near Hermosillo in northwestern Mexico. Information gathered from the 33,000-ton test will be used…
METAL PRICES — FREE MARKET (May 10, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 4 May 3 Apr. 30 Apr. 29 Apr. 28 Copper 1164-1165 N/A 1189-1190 1176-1177 1188-11…
PRODUCER PRICES (May 10, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Apr. 29, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Plexus wins environmental approval for Bornite
After two years of waiting, Plexus Resources (TSE) has received approval from environmental regulators to develop its Bornite project near Salem, Ore. A Record of Decision and approval of the Final En…
Equity Silver looks to future
With its operation near Houston, B.C., winding down, Equity Silver Mines (TSE) does not expect to continue as an operating mining concern after current reserves are depleted. Formerly an open pit, Equ…
Cassiar still haunts Princeton
Cassiar Mining, put to rest by bankruptcy last year, has come back to haunt former owner Princeton Mining (TSE). The trustee in bankruptcy of Cassiar (and subsidiary San Antonio Gold) served Princeton…
Cumberland buys Asamera ground
A purchase agreement has been signed between Cumberland Resources (VSE) and Asamera Minerals (now wholly owned by Gulf Canada Resources) for property interests in the Northwest Territories. The proper…
Gibraltar earnings decline slightly
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…