Munk welcomes stable gold market
The chairman of one of North America’s largest and most successful gold mining companies, Peter Munk, says the industry is headed for a period of “consolidation, rationalization and upheaval” that wil…
News
PEOPLE (May 04, 1992)
Andrew Poller appointed vice-president.
Latin America touts its mining potential
Investors looking to participate in mining ventures in Latin America were given an overview of what that part of the world has to offer at a 4-day conference here recently. The conference, titled “Inv…
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…
Witte shares managing secrets
A loyal and technically competent management team is the essential ingredient in any growing mining company, Peggy Witte, president of Royal Oak Mines (TSE), told a recent gathering of the Toronto bra…
Minnova sees major returns from Izok Lake project
Advances in trucking on winter roads and in arctic shipping make the Izok Lake copper-zinc project in the Northwest Territories viable today almost 30 years after its discovery, says David Watkins, pr…
EDITORIAL PAGE (May 04, 1992)
Interest rates have a long way to come down yet. Eventually, despite the Bank of Canada’s reluctance to let the dollar fall, rates have to come down to a level that will support investor confidence. F…
LETTERS TO THE EDITOR (May 04, 1992)
I am a longtime subscriber to The Northern Miner. I am writing to urge you to return to your original format of listing the Canadian mining shares; the new way is confusing. It would be the same as Th…
New chairman takes charge at nickel producer Inco
A changing of the guard occurred recently at Inco (TSE) with the retirement of Donald Phillips, 62, from the company’s top job. Phillips, who had been with the company for 36 years, handed the reins o…
Pegasus acquiring Libby project
At least US$100,000 will be spent this year by Pegasus Gold (TSE) to explore the Libby gold property under the terms of a recent joint venture agreement with Orvana Resources (TSE). The Montana proper…
NATIVE DEVELOPMENT
When Sa Dena Hes was launched with official fanfare last fall, a special ceremony, rare and probably unique in the annals of Canadian mining, caught the spotlight. The Kaska Dena nation bestowed on Cu…
CUPCAKE HAULAGE: The 12-tonne-capacity concentrate “cupcakes”
When Curragh Resources first considered taking over the Faro operation, concentrate transportation to the Alaskan seaport at Skagway was a key, make-or-break factor. The previous mine owners had relie…