Inco reports its first loss since 1984
Citing a 12% decline in nickel prices, Inco (TSE) reported a net loss of US$17.6 million (21 cents per share) for 1992 compared with 1991 earnings of US$82.6 million (74 cents per share). Inco’s avera…
News
KWG cuts wide intersections
Recent drilling by partners KWG Resources (ME) and SEG Exploration (ME) on their Granada property near Rouyn-Noranda, Que., has returned greater widths and better continuity of mineralization than pre…
Vior continues Douay drilling
Low-grade assays are reported by Societe d’Exploration Miniere Vior (ME) from drill work during January at the Douay gold property near Joutel, Que. Ten holes were completed and another one started. A…
COMMENTARY — Copper in the 1990s
Copper is an investment idea for the 1990s. For the past 70 years, world copper consumption has mirrored industrial production. Industrial production is now increasing dramatically because various reg…
LETTERS TO THE EDITOR — Northern lands and northerners
I have been a subscriber to The Northern Miner for more than 30 years (and my late brother Nial was a subscriber before that). Personally, I have been engaged in prospecting and mining and am now acti…
Blind River wins safety award
Without a lost-time accident in three years, Cameco Corp.’s Blind River refinery has just set a company safety record. Its staff was recently given the Mary-Jean Mitchell Green memorial trophy for saf…
Writing contest for students
Students are invited to submit papers to a writing contest, which is sponsored by the Marine Minerals Technology Center (MMTC). Topics should pertain to advanced technology applications for marine min…
Lyon Lake, Adex in transaction
Full ownership of three gold concessions in Costa Rica is being acquired by Lyon Lake Mines (ME). Subject to regulatory approval, Lyon will purchase the 50% interest of project partner Adex Mining (TS…
STOCK MARKETS — Gold index soars on bullish reports from
Investors with shares in a wide range of industry groups were given reason to celebrate during the week ended Feb. 9 as The Toronto Stock Exchange’s 300 composite index surged by 70 points on heavy vo…
STOCK MARKETS — Furious Venezuelan activity gives push to
Action on western markets showed little sign of abating during the period ended Feb. 9, with the Vancouver Stock Exchange resource index gaining more than 37 points to finish at 785.12, an 8% increase…
Placer Dome eyes Stockade Mountain
A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …
Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…