PAYBACK”S THE KEY
Williams mine manager Peter Rowlandson probably said it best: “If we can get 5 cents here, 10 cents there, and multiply by two million tonnes, that’s quite an improvement.” And that’s what most mine…
1992
HEAP LEACH
Certain articles appearing in the mainstream American press in recent years will have raised a few eyebrows in metallurgical circles. Namely, references to a new process developed by US researchers fo…
NEWS ROUNDUP — Conwest increases stake in Professor
Recently increasing its ownership position in Consolidated Professor Mines (TSE) was Conwest Exploration (TSE). Conwest purchased 829,949 shares of Professor under a private agreement and now owns mor…
Mt. Polley first to get past B.C.’s assessment process
A mine development certificate was recently awarded to Imperial Metals (TSE) for its 100% owned Mt. Polley copper-gold project near Williams Lake, B.C. The project is the first major new mine authoriz…
NEWS ROUNDUP — Barrick’s 9-month earnings rise 60%
A 66% increase in gold production at American Barrick Resources’ (TSE) Goldstrike mine in Nevada helped boost the company’s net income to US$109.4 million for the nine months ended Sept. 30. This repr…
MINER DETAILS — Madsen puts hope in `Mr. Chibougamau’
Our readers love to take us to task; for stories not written, for biased reporting, for outright mistakes. But we are also asked for information. “About Red Lake Buffalo Resources,” writes A.B. from W…
LATIN AMERICA ROUNDUP — Nicaragua selling mining assets
The Nicaraguan government is selling some state-owned mineral assets, including two operating mines, that were nationalized when the Sandinista regime was in power. To be privatized are the operating …
PROFILE — Howe stays ahead of crowd in diamond hunt
Years before the diamond fever flared up in the Northwest Territories, Peter Howe acquired a diamond property in central Africa for Ateba Mines. Recently, TSE-listed United Reef Petroleums farmed in f…
Updated study for Refugio deposit
Board approvals were received by Bema Gold (TSE) and Amax Gold (NYSE) to close a transaction whereby Amax will become a 50-50 partner with Bema to jointly finance and develop the Refugio gold project …
Drilling starts in Saskatchewan
With three projects slated for drilling this coming fall and winter, Pine Channel Gold (VSE) expects to rank among the more active junior companies in northeastern Saskatchewan. The company recently a…
Metal Prices — FREE MARKET (October 26, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1387-1388 1365-1367 1351-1352 1322-13…
Drilling continues at Fer property
Two holes have been completed on Canmine Resources’ (CDN) Fer property near Flin Flon, Man. The vertical holes, spaced 50 metres apart, intersected a massive sulphide zone at a depth of about 25 metre…