Why some mines fail to work
Once known as John F. Kennedy’s campaign song, the words of that popular tune from the 1960s mirrors the hopeful expectations of every mining company. Armed with a positive feasibility study, more tha…
News
Shareholder report shows how a mining project can work out.
The following is taken from Starrex Mining Corporation’s shareholder report for the 6-months ended June 30 as an example of how a mining project can work out. Other partners in the mine are Saskatchew…
50 Years Ago THE NORTHERN MINER OCTOBER, 1938 SHOULD BANKS EMPLOY
“Why,” asks a thoughtful subscriber, “do not Canadian banks employ mining engineers?” Why not, indeed? Perhaps some of them do, although the fact is not publicized. However, employment of experts in m…
Editor’s Note KEEP IT SIMPLE
The mining industry has a standard and accepted way of reporting reserves. First, the reserve category — proven, probable or possible — is given, then the tonnage and grade. But a new practice has …
Amca Turned Down on Lease Renewal
A proposal by Amca Resources (VSE) to extend the lease on its sole project, the Silver Cross property in Arizona, was recently turned down by the leasor. Amca held a 67.5% interest in the gold-silver …
Chromium, nickel and stainless steel
Demand for chromium and nickel remain strong, but the two metals, essential alloy constituents of stainless steel, have little else in common, writes Roskill of London in two new studies. Chromium hea…
Metal Prices FUTURES PRICES (September 26, 1988)
N.Y. Commodity Exchange 0206,0108,0007,0108,0007,0108,0007,0203 Week’s High Low Close Change COPPER (in US cents per lb.) Sep114.65 112.80 113.85 + 4.95 Oct111.80 111.80 111….
Metal Prices (September 26, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 20 Sept 19 Sept 16 Sept 15 Sept 14 Copper 1475…
Vancouver Stock Exchange Gold takes an “ugly” dive
Gold’s recent dip below $400 was described as “ugly” by one VSE broker, “because it’s gold that drives our market.” Although current thinking is that the market has bottomed out, there is no shortage …
SMDC strike at Hanson Lake
Economic grades of copper and zinc with associated silver, have been intersected by drilling on the Hanson Lake property, operated by Saskatchewan Mining Development Corp. Located in eastern Saskatche…
MVP buying shares in NovaGold Res.
Recently subscribing for $500,000 worth of common shares of NovaGold Resources (TSE) was MVP Capital (TSE), a resource sector investment company based in Toronto. Purchase of the shares is subject to …
Editorial One of those Years
It’s been one of those years. Two steps forward and one step back. Nothing’s come easily. It’s been tough. With 1987 ending on a sour enough note, 1988 started as a struggle to claw back from the Oc…