OBITUARY Walter Waterston
A news man who devoted his entire life to that profession, including a 10-year stint with The Northern Miner, Walter (Walt) Waterston died recently at his home in Unionville, Ont., where he had lived …
Articles by Northern Miner Staff
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…
Abandoned mines focus of program
A $10-million abandoned mines program is being set up by the Ontario government. The money for the Abandoned Mine Hazards Abatement Program was allocated in the recent budget brought down by the New D…
PEOPLE ESKAY GOLD
Kevin Nephin appointed president and director; Kenneth Shannon and John Millette appointed directors.
U.S. REPORT NEWS IN BRIEF Hecla, CoCa complete merger
The previously announced merger between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) is now complete following the approval of the two company’s shareholders. Each common share of CoCa common stock is …
PEOPLE GLIDER DEVELOPMENTS (July 22, 1991)
Murray Pezim appointed chairman; Don Head appointed president; Atha MacKinnon-Andrew appointed vice-president; Chet Idziszek appointed director.
NEWS IN BRIEF Cameco offering closes successfully
An initial public offering by Cameco (TSE) has closed successfully, raising gross proceeds of $130 million for the uranium producer. About 60% of the 10.4-million share issue was bought by institution…
GOLD FUNDS (July 22, 1991)
BGR Central Net Value $9.52 $5.33 Price $8.63 $4.950 Discount 9.35% 7.1% Value $56,686,151 $83,280,285…
Work on Flin Flon smelter on hold until ownership question resolved
With Minorco’s bid for the purchase of Hudson Bay Mining & Smelting (TSE) extended until July 31, the $187-million refit of the Flin Flon, Man., smelter remains on hold. Minorco, a Bahamian affiliate …
Imperial Group owns Mount Polley
The advanced Mount Polley copper-gold project in central British Columbia is now owned 100% by the Imperial Metals Group, with Imperial Metals (TSE) having a 60.4% direct interest. Along with two affi…
Exodus to Latin America
Most major mining companies in North America are now active in Latin America and are being rapidly followed by the middle- and junior-tier companies, according to a private research firm based in Denv…
U.S. REPORT NEWS IN BRIEF Construction starts at Flambeau
Construction is under way at Kennecott’s Flambeau copper deposit in Wisconsin. Flambeau Mining, a Kennecott subsidiary, will build a settling pond and water treatment plant before entering into produc…