Mazarin reports asbestos earnings
The asbestos assets of Societe d’Exploration Miniere Mazarin (ME) are paying off. The Quebec City-based company reports nine-month net earnings of $9.7 million (27 cents per share, diluted). During th…
News
Royal Oak proposes acquisition of Colomac
In a deal that works out to be roughly 5 cents on the dollar, Royal Oak Mines (TSE) is proposing to acquire the Colomac gold mine and related assets 130 miles north of Yellowknife, N.W.T. The acquisit…
Zigarlick offers observations on mining in Canada’s North
“I’m now retired but busier than ever,” John Zigarlick, former president of Echo Bay Mines (TSE), told a recent luncheon meeting of the Toronto Branch of the Canadian Institute of Mining, Metallurgy a…
Tiomin produces first concentrate
Clearing the first hurdle in a feasibility study on its Natashquan deposit in Quebec, Tiomin Resources (ME) has produced a clean concentrate of heavy minerals, including iron, ilmenite, zircon and gar…
COMMENTARY — Better markets anticipated
Looking at stock market performance during the past two years, the trend, in technical terms, could best be described as a sideways correction: the TSE 300 index ran up strongly in late 1990 from the …
OPINION — Canada should consider issuing silver coinage
Canada should follow Mexico’s lead and issue a general circulation silver coin. Up until the early 1960s, the Royal Canadian Mint struck its dimes, quarters and dollars in silver, but stopped when the…
LETTERS TO THE EDITOR — GST article was too biased
I believe that The Northern Miner tries to present both sides of any issue, but the Opinion article “Living with the GST” (T.N.M., Jan. 25/93) is too biased. The writer scandalizes the integrity of Ca…
Royal Oak drilling Mirage
A drill program by Royal Oak Mines (TSE) will test a shear-zone target on recently acquired ground covering the southern half of the Yellowknife greenstone belt. The northern portion of the belt hosts…
Cambior output increases by 13%
Gold production in 1992 rose by more than 13% to 354,298 oz., Cambior (TSE) reports. The company, based in Val d’Or, Que., and with interests in gold-producing properties in Quebec, Alaska and Guyana,…
METAL PRICES — FREE MARKET (March 08, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 2 Mar. 1 Feb. 26 Feb. 25 Feb. 24 Copper 1471-1472 1475-1476 1514-1515 1497-1498…
Sutton boosts nickel reserves
Recent preliminary estimates of reserves for the Kabanga nickel deposit in northeastern Tanzania put total reserves at about 25.5 million tons grading 1.19% nickel, 0.2% copper and 0.1% cobalt at a 0….
BHP to explore for zinc in China
A joint venture agreement to explore for zinc in China’s Sichuan province was recently signed by BHP Minerals and Sichuan Non-Ferrous Metals Ore Resources Exploration Development Corp. (SREDCO). Based…