Articles by Northern Miner Staff

Trading activity was relatively flat during the week ended Nov. 26, with the resource index posting a 1.3-point loss to 508.17 and the composite index gaining 5.2 points to close at 561.55. The recent…

LAC Minerals was criticized at the turn of the 1980s for “speculating” on the gold price by hedging gold production. For the mining industry back then, this was a true innovation — and heresy. Hedgin…

GOLD FIELDS DRILLING AGAIN Due to difficulties with overburden there have been no further results from drilling in the new west ore area at Malartic Gold Fields. Hole No. 154, located 100 ft. west of …

Heap leach ore at El Indio is a byproduct of mining in the Tambo open pits. Low-grade ore running on average 1.2 g per tonne — waste rock were it not for heap leaching — is piled in 6-m lifts up to …

Labor costs run between US$500 to $1,000 per month for unionized workers at El Indio. Workers also benefit from an incentive program, similar to mining bonuses at Canadian operations, and a profit-sha…

On May 23, 1990, the three millionth ounce of gold from the Macassa mine was poured. Macassa, owned and operated by LAC Minerals Ltd., is located on the outskirts of the town of Kirkland Lake, in Teck…

LAC’s exploration efforts are divided into three informal components. Two are already functioning and a third only recently was initiated. The first such component has a worldwide mandate for “pure ex…

At the rarefied elevation of 4,000 metres above sea level, you learn to adjust physiologically. You regularly take extra gulps of air to compensate for that occasional, uncomfortable breathless feelin…

Thayer Lindsley had an undisputed talent for finding and developing mines. Patience, however, wasnt one of his strong points. As president of the rapidly expanding Ventures Group in the early 1940s, L…

If ever there were to be a country-wide award for flexibilty in processing plants, for adapting to changing times, then LAC Mineral’s Est Malartic mill would be the run-away winner. The mill was built…

Rockbolts are rare at El Indio. You might find them in the service bays, along with screening or shotcreting. But they are not in evidence in the main drifts or in stopes. Only where drifts cross faul…

Over the past two decades, Peter Ackerman Allen has fused together a perplexing assemblage of small, linked mining companies into a single, modern, big-league gold player called LAC Minerals. Along th…