Falco Gold sees future in Africa
With a sharp eye on costs, Falconbridge Gold (TSE) will be turning more and more to southern Africa (especially Zimbabwe) for its expanding exploration and production. “Regrettably, the company has re…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR (May 18, 1992)
The article “Canada has dismal record for return on gold” (T.N.M., March. 30/92) by Virginia Heffernan caused me to shake a negative head and pick up pen. Although I was weaned (1934-36) as a sampler …
EDITORIAL PAGE (May 18, 1992)
Since the May 9 Westray mine disaster at Plymouth, N.S., rocked the nation, there has been no shortage of critics to say the mine should never have been opened. Everyone is suddenly an expert who beli…
Gold sales hurting price, says Cambior president
Gold prices have dropped partly because of dumping on the world market, including by the owners of the fraud-riddled Bank of Credit and Commerce International, says Cambior (TSE) President Louis Gigna…
Precious metals in price slump
A slight decline in metal prices in March didn’t prevent Scotiabank’s commodity price index from recording a small gain of 0.8%. Stronger forestry prices and a small gain in energy prices offset decli…
Weak results from Shining Tree play
A phase-three, 2-hole drilling program on Fort Knox Gold Resources’ (TSE) Fawcett Twp. property near Shining Tree, Ont., has returned weak copper-nickel mineralization from the south grid. Hole SG-12 …
Methane gas always a hazard in underground coal mines
Lighter than air and colorless, methane is abundant in nature. It is the main component of natural gas and it is a common accompaniment of coal. While the gas is typically odorless, the commercial pro…
Westray disaster threatens company’s future — Curragh on
Although Curragh Resources (TSE) will likely survive the Westray coal mine disaster in Nova Scotia, it will emerge from the wreckage with a severely damaged reputation in the eyes of investors and cre…
Metal Prices (May 18, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 12 May 11 May 8 May 7 May 6 Copper 1226-1227 1235-1236 1240-1241 1231-1232 1226-…
People (May 18, 1992)
Jordan Ethans appointed director.
NEWS ROUNDUP (May 18, 1992)
Ontario Hydro has failed to make two payments worth about $3.2 million each for the delivery of shipments of uranium, Denison Mines (TSE) says. The mining company says Hydro has instead forwarded the …
Beaufield acquires claims near Benoit
In return for $13,000 and 500,000 shares, Beaufield Resources (TSE) has acquired a 75% interest in three claim groups in Wilson, Verneuil and Ralleau twps., east of Quevillon, Que. Totalling 117 claim…