Mineral programs axed under new federal budget
Under the recent federal budget, Ottawa will no longer renew federal-provincial Mineral Development Agreements (MDAs) when they expire. The decision is part of the government’s plan to reduce spending…
Articles by Northern Miner Staff
Wheaton releases test results
The first phase of metallurgical testing at the Omni polymetallic project in the Yukon is complete, reports Wheaton River Minerals (TSE). At Lakefield Research, a mineral-processor near Peterborough, …
Metals Markets — Metals market conditions volatile
Market conditions have entered a period of unusual volatility. Refinery producers of all metals are aggressively selling product to maintain market share, keep costs low and reduce inventories. Unless…
Deak reports loss in 1992
Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …
Ramrod to buy FORS interest
Consolidated Ramrod Gold (TSE) intends to buy Chapleau Resources’ (VSE) interest in the FORS and Jor properties in southeastern British Columbia. The purchase price is $1.5 million. Meanwhile, Chaplea…
Oracle Ridge improves overall
The Oracle Ridge underground copper mine in southwestern Arizona should make money in April, reports 70%-owner South Atlantic Ventures (VSE). The mine is producing about 1,000 tons per day while mill …
BOOKS IN BRIEF — Wyoming’s mineralization studied
Study of Metals and Precious Stones in Southern Wyoming, Geological Survey of Wyoming, P.O. Box 3008, University Station, Laramie, Wyoming 82071, U.S.A. US$12. The GSW’s Mineral Report 93-1 summarizes…
LaRonde yields more high-grade
Underground drilling on Zone 20 at the LaRonde mine in northwestern Quebec continues to yield encouraging results for Agnico-Eagle Mines (TSE). Hole 20-103, drilled 200 ft. below a previous high-grade…
LETTERS TO THE EDITOR — Aviator had many firsts
It was interesting reading the Odds ‘n’ Sods story “The San Antonio gamble” (T.N.M., Apr. 19/93). I wish to add that Capt. A.H. Farrington flew out the San Antonio mine’s first gold brick to the railh…
Metal Prices — FREE MARKET (May 03, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…
Louvicourt project on time, budget
Production of the Louvicourt project is scheduled to begin in October, 1994, a short five years after discovery of the base metal deposit, northeast of here. “Quebec is still the best place to explore…
Deak begins mining operations at Astoria
Production has started at the Astoria gold mine near Rouyn-Noranda, Que., reports operator Deak Resources (TSE). Mining of 12,000 tons per month will be carried out by Val d’Or, Que.-based contractor …