PNG road show tries to ease investors’ fears
Porgera, Misima, Lihir and Ok Tedi are heavyweights among the world’s gold producers, or will soon be. As well, Kutubu and Hides are on the verge of making the same mark in hydrocarbons. These mining …
News
Coeur d’Alene wins $50,000
Idaho-based Coeur d’Alene Mines recently won the first Du Pont/Conoco Environmental Leadership Award for environmental excellence in the U.S. metals mining industry. This year seven companies were nom…
On the Level (October 21, 1991)
I often wonder if the average Canadian really worries about our national debt. To me it’s scary, for it affects almost every facet of our everyday life. This country is in terrible financial straits. …
Record monthly production at Placer’s Campbell mine
After 42 years of production, the Campbell mine in northwestern Ontario’s Red Lake gold camp is pouring record amounts of gold, and capital investments are expected to boost throughput in 1992 and 199…
Newmont tests bioleaching for Carlin refractory ores
Already North America’s largest gold producer, Newmont Mining (TSE), has joined the race to be the first U.S. company to successfully use the gold recovery process known as bioleaching. A number of No…
PDAC president illustrates Canada’s falling exploration
The Australian mining industry spends $10 on exploration and development for every $100 in production revenues. By comparison, the Canadian industry spends about $2.50, says Fenton Scott, president of…
Sherritt purchase
Sherritt Gordon (TSE) reported completing its acquisition of oil and gas producer Canada Northwest Energy Ltd. The deal called for Sherritt to issue almost 4.7 million shares and almost $265 million p…
OBITUARY (October 21, 1991)
Harry Michie, who for 40 years was active in the Canadian gold mining industry as a geologist, recently died in Toronto. He was 66. For almost two decades, Michie was associated with the Coniagas Mine…
New Kelore plans to amalgamate with Pan Orvana
Private Vancouver company Pan Orvana Resources has agreed in principle to amalgamate with Toronto-based New Kelore Mines (TSE). Conditional on director, shareholder and regulatory approval, the merger…
EDITORIAL PAGE (October 21, 1991)
Canada’s premier association of mining professionals — the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) — is facing a cash crunch and unless steps are taken to change the way it deri…
Toronto Stock Exchange (October 21, 1991)
Riding on lower interest rates, a firmer gold price and share price advances in New York, the Toronto market rallied to post its largest one-day gain for several months during the week ended Oct. 15. …
METAL PRICES (October 21, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 15 Oct 14 Oct 11 Oct 10 Oct 9 Copper 1371-1372 1383-1359 1363-1364 1379-1380 138…