Sherritt Gordon reports profit
Despite the recession and weak commodity prices, Toronto-based nickel refiner and fertilizer producer Sherritt Gordon (TSE) stemmed the flow of red ink in 1991 to report a profit. For the year ended D…
Articles by Northern Miner Staff
U.S.REPORT (March 30, 1992)
Mining always has been considered risky and subject to cyclicality. The traditional categories of risk — price, technical and political — are familiar and reasonably well understood. It is the task …
Westmin drilling sets new standards
Preserving the natural environment was an important part of Westmin Resources’ (TSE) recent surface drill program at its Myra Falls mine property near this Vancouver Island community. The program was …
Inco continues its drilling of Victor
Nickel producer Inco(TSE) isn’t saying anything more than it already has about the Victor find (T.N.M., Sept. 30/91, Nov. 25/91) but diamond drilling continues on the property without cease. Two drill…
Metal Prices (March 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 24 Mar 23 Mar 20 Mar 19 Mar 18 Copper 1291-1292 1287-1288 1302-1303 1301-1302 12…
Some facts on diamonds worth remembering
Investors around the globe are holding their breath in anticipation of bulk sample results from the Lac de Gras diamond play in the Northwest Territories. The sample is a follow-up to a recent discove…
NEWS IN BRIEF (March 30, 1992)
American Highland Mining Corp. (AHM:VSE) has changed its name to Cryocon Containers Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust…
Analysts see little hope for gold
The general consensus among analysts these days is that the gold price will remain flat or even drop further in the months to come. During the week following St. Patrick’s day, March 17, gold fell alm…
Russian sales upset nickel market
Nickel — A rise in Russian exports is having a disquieting effect on global markets. Nickel prices have been consolidating for almost two years, and producer mine closures and other cutbacks in produ…
PRODUCER PRICES (March 30, 1992)
ALUMINUM: MW U.S. market US59.75-60.75 cents per lb. (Mar. 5, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.80-3.00 per lb. (Mar. 5, 1992). CADMI…
EDITORIAL PAGE (March 30, 1992)
When mineral explorationists gather in Toronto this week for the Prospectors and Developers Association of Canada’s annual convention, they’re not going to hear too much about Canada. The buzzword is …
Timmins Nickel adds reserves to Dome Mountain mine
Toronto-based Timmins Nickel (TSE) recently reported some encouraging new developments at its Langmuir nickel project near Timmins, Ont., and at the Shaw Dome gold mine in British Columbia. Timmins Ni…