Gold, silver Hecla’s `bread and butter’
Diversification into non-metallics remains a key ingredient in Hecla Mining’s (NYSE) current business strategy but the company’s “bread and butter” business is still gold and silver. That probably won…
Articles by Northern Miner Staff
Bitech ups Nugget Pond gold reserves
Toronto-based Bitech Energy Resources (ASE) has increased the geological reserve estimate for its Nugget Pond gold property in Newfoundland. This represents the second reserve increase the company has…
News in Brief (May 15, 1989)
Strike Minerals (COATS) plans to resume work on its Baden Twp., Ont., gold properties as soon as road conditions permit. Two zones are to be studied. The first is a 100-ft wide carbonated zone that ha…
Spot prices at a glance (May 15, 1989)
Price Week’s ($US) Change($) Gold* 378.10 +1.60 Silver* 5.67 +0.03 Platinum* 533.90 –0.60 Nickel** 6.40 –0.14 Lead** 0.29 +0.01 Copper 1.29 –0.05 Zi…
Metal Prices PRODUCER PRICES (May 15, 1989)
ALUMINUM: MW U.S. Market US99.00 cents – 99.50 cents per lb. (May 4, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr…
Toronto CIM plans excursion to view Pinch collection
A tour of the spectacular Pinch mineral collection at the National Museum of Natural Sciences in Ottawa is planned for CIM-Toronto branch members. Forty-six tickets are available for a bus excursion t…
Gold funds as of May 9
BGR Goldcorp Central MVP Capital1 Net value $11.59 % 7.25 % 6.26% 0.66 Price $ 9.125% 4.400% 5.50% 0.42 Discount $21.27% 39.3 % 12.1% …
Newfoundland plans first mining show (May 15, 1989)
Newfoundland’s first mining and mineral trade show will be held May 25-27 in Springdale. MINERALEX ’89 will showcase the products, services, equipment and technology of the Newfoundland minerals indus…
Editorial Keeping MEND on the move
When a good idea comes to light at the right time, it’s amazing how much cooperation can be mobilized to turn that idea from concept to reality. Support for the Mine Environment Neutral Drainage (MEND…
Meeting uranium mining’s `challenge of the decade’
Up here, only scruffy pines and wolves bear witness to the uranium mining challenge of the decade. But despite its isolation 670 km north of Saskatoon, this project, operated by Cigar Lake Mining Corp…
Letterrs to the Editor QPX Minerals hasn’t lowered expectations
We wish to make some corrections to your article on QPX Minerals Inc. (N.M. April 17/89). The Main Zone, not the West Zone as stated in your article, is the subject of the recent drilling and feasibil…
Yukon-Spanish connection Curragh buys 20% of smelter
An alliance forged between privately-owned Curragh Resources and Asturiana de Zinc, one of the largest zinc smelter operators in the world, is part of a 4-year plan designed to enhance Curragh’s posit…