Something Old, Something New
For JoAnne Nelson, project geologist working withing the Canada- British Columbia Mineral Development Agreement, the past has come alive in an unusual way. In June, 1987, The University of British Col…
News
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
COOKIE JAR MINING
Gordon Strasser, a 59-year-old mining engineer, calls it “cookie jar mining.” The term describes a new method of mining those isolated pockets of rich gold mineralization which are too small to justi…
Cambior, Audrey sell gold forward
Two mining companies in northern Quebec, Cambior Inc. (TSE) and Audrey Resources (TSE), recently revealed details of forward sales of production. Cambior will deliver, during the last four months of 1…
`Due diligence’ a serious but behind the scene activity
In recent years there has been a great deal of money invested in gold mines — new project financing, mergers, acquisitions and the like. Normally, newspaper reports refer only to the size and financi…
Catear Reports Impressive Assays at Goldwedge
Some impressive assay results were reported by Catear Resources (VSE) from underground stope sampling at its Goldwedge property north of Stewart, B.C. The company is now processing low grade material …
Cathedral reduces production estimates
The Stirling Mine in Nevada produced some 5,906 oz of gold druing the first six months of 1988, but 52%-owner Cathedral Gold Corp. (TSE) says it has reduced the 1988 production estimates downward from…
Golden Pond project success of Casa Berardi area
A discovery by Inco Ltd. (TSE) geologists in 1981 of a gold deposit lying about 60 miles north of La Sarre, Que., recently became a producing mine (Golden Pond East), a positive sign for the Casa Bera…
How Newmont tries to balance financing, risk-taking
From an address to the Financial Times World Gold Conference by Gordon R. Parker, chairman, president and chief executive officer of Newmont Mining Corporation. To talk about financing companies is to…
News in Brief (October 03, 1988)
A drill program has been completed by Cross Lake Minerals (VSE) on the company’s Red Cross Lake property in Manitoba. The 6-hole program tested an iron formation unit with characteristics similar to t…
5-year modernization plan will cost CCR $46 million
A 5-year modernization plan costing $46 million will be undertaken by Canadian Copper Refiners (CCR) at its Montreal East plant. David Goldman, vice-president responsible for the CCR division of Noran…
50 YEARS AGO The Northern Miner ZINC PRICE DEPENDS ON WORLD TRADE
When the zinc famine was on in the U.S. in 1937, resulting in the importation of 45,000 tons, the discovery was made that any preconceived ideas about the amount of the metal in undisclosed inventorie…