Changing nature of mine fill
Water-borne sand has been used as an underground fill for more than 60 years. These early applications were generally for unusual circumstances where it was required to mine pillars or to stabilize gr…
Articles by Northern Miner Staff
Bema debenture extended 2 years
A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years. Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is …
Golden Lake funds
20Golden Lake Resources (VSE) says it has arranged, subject to regulatory approval, a private placement of 500,000 shares at 35 cents per share for total proceeds of $175,000. The deal includes non-tr…
South of Lupin gold mine — Diamond play gains momentum
An area greater than the size of Prince Edward Island has been set aside for diamond exploration in the Northwest Territories since BHP-Utah Mines and Dia Met Minerals (VSE) discovered a diamondiferou…
Goldstack hits high-grade copper
Following an earn-in agreement with American Consolidated Mining (USOTC), Goldstack Resources (VSE) has intersected a wide zone of high-grade copper mineralization at the Yellowhammer property on the …
U.N. Earth Summit
The 1992 United Nations Conference on Environment and Development will be held in June in Rio de Janiero. Ken McCready of coal producer TransAlta Utilities will be the spokesman for Canada’s mining in…
Inco to explore massive sulphide near Prince Rupert
A spring work program is being planned by Inco (TSE) to test a polymetallic massive sulphide target on the newly optioned Pitt Island property 40 miles south of Prince Rupert, B.C. Two junior companie…
OBITUARY (January 20, 1992)
Noted mining engineer Philip Sydney Broadhurst died recently in Toronto. He was 79. Broadhurst graduated from Queen’s University in 1938 with a B.Sc. degree in mining engineering. After the Second Wor…
Northgate offering gets approval
Toronto-based Northgate Exploration (TSE) recently received final clearance for a previously announced rights offering. The company has set the exercise price at 80 cents or US69 cents for shareholder…
Spot prices at a glance (January 20, 1992)
Week’s Price (US) Change Gold* $355.60 + $5.30 Silver* $ 4.14 + $0.19 Platinum* $337.40 + $1.90 Nickel** $ 3.31 $0.00 Lead** $ 0.23 – $0.01 Copper $ 0.95 $0.00 Zinc $ 0.52 + $0.01 Courtesy of Scotiaba…
FUTURES PRICES (January 20, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 94.35 93.70 94.10 – 0.35 Feb 94.45 94.45 94.30 – 0.55 Mar 95.30 94.40 94.70 – 0.45 SILVER (in US cents per oz…
Environment, consolidation top mining industry issues
Mining companies will be setting aside a much larger portion of their budgets to cover reclamation costs and environment-related matters, according to a survey by Toronto accounting firm Peat Marwick …