Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Articles by Northern Miner Staff
Analysts see further declines in gold price
It’s difficult these days to find anyone making a bullish case for gold, at least for the immediate future. The price of the precious metal, in the $41 0(US) per oz range at the start of the year, has…
Gold prices reduce Newmont Mining profits
First-quarter financial results of Newmont Mining Corp. (NYSE) show net income of $9.4 million(US) or 14 cents a share compared with earnings of $114.4 million for the same period last year. The 1988…
Editorial Vancouver’s successes overlooked
The latest issue of Forbes Magazine, one of the most widely- read U.S. business publications, contains a scathing attack on the Vancouver Stock Exchange that is unprecedented in its ferocity and lack …
Continental drilling program develops leading technology
In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…
Toronto Stock Exchange Low inflation scenario batters gold issues
Traders continued their scramble to get back into the market after the news last week that the U.S. producer price index had risen by less than expected. The result was a 94-pt hike in the composite …
Bulk sampling increases Eagle River reserves]]
Initial results from bulk sampling completed on the Eagle River property by Hemlo Gold Mines suggest that gold values are higher than that estimated by drilling. Central Crude Ltd. (TSE) holds a 40% i…
Profitable trading at yesterday’s price
Buy metals at yesterday’s price whenever you please. It’s like printing money. Ridiculous, you may say. Well, I did just that for several years. This is how it happened — a continuous, quiet routine …
Problems at Nickel Plate continue for Corona Corp.
While the Nickel Plate gold mine in British Columbia continues to cause problems, the on-going message of Corona Corp. (TSE) for the entire company is one of good growth potential in low-cost precious…
900-million Porgera project gets green light
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
Malartic Hygrade
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
Bunker Hill profits hinge on running near capacity
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…