Articles by Northern Miner Staff

BGR Central Net Value $8.72 $5.06 Price $8.00 $4.750 Discount 8.20% 6.1% Value $51,889,000 $79,915,425…

S.M.A. Resources Ltd – 920,000 shs offered @ 25 cents per sh, also 280,000 flow-through shs offered @ 25 cents per sh. Even Resources Ltd – 675,000 shs offered @ 35 cents per sh. Timmax Resource Corp …

W. Zinn appointed president and director.

The chairman of Dundee Bancorp (TSE), Ned Goodman, recently increased his interest in the company by acquiring 60,985 B common shares. Goodman now owns or controls 615,277 B common shares and 116,711 …

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…

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…

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…

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 …

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 …

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…

The El Indio complex has reserves that will last for at least another 10 years. At the 3700 level, the deepest mine access, the San Paulo drift is being extended to confirm mineralization and to set u…

Arsenic has been the bugbear at El Indio since its inception. Currently, 93% of the arsenic is captured before it goes out the roaster stacks. LAC is working to increase the gas capture to 98%. Accord…