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By R. W. Smith

Living and killed organisms, particularly microorganisms, and extracellular products derived from the organisms are increasingly finding use in minerals engineering. Goals include both enhancement of mineral processing/11.ydrometallurgica,l operations and remediation of mineral industry wastes. Some of the applications, such as biologically assisted leaching of ?sulfide ores and bioxidation of refractory gold ores, are well established commercial ?processes used around the world. Others, such as the use. of organisms for the removal of heavy metal ions from dilute aqueous streams, are nearing commercial application. Many other uses of microorganisms and. their derivatives are potentially possible. These include use of microorganisms in flocculation or flotation of minerals., remediation of organics potentially discharged from mineral engineering operations, degradation of cyanide, the recovery of bitumen from heavy oil reservoirs and tar sands and the solubilisation of lignites and low rank coals. In order to fully exploit these many possible uses of organisms and their derivatives, extensive fundamental .and .applied research work exploring the fundamentals, potential and practicality of the various possible uses of microorganisms in mineral engineering should be vigorously pursued. ?

Jan 1, 1991

By Lawrence H. Van Vlack, Alfred S. Keh

The distribution of sulfur in iron was found to be dependent upon the time and temperature of the treatment as well as the chemical composition of the sulfide. With higher temperatures, the sulfide phase spreads more extensively between the iron grains. A complete network, however, does not form until approximately 1300°C (2372°F), ot which temperature the dihedral angle approaches zero. Silicon has little effect on this change. Aluminum, oxygen, and manganese all modify the temperature of sulfide network formation to a higher value. The microstructures which result and have significance in relation to hot-shortness are discussed. SULFIDE inclusions in steel were recognized by metallurgists before the turn of the century. Considerable attention has been paid to them, and numerous studies have been made on the working properties of steel as affected by them. It has been suggested that ho t-shortness of steel is due to the presence of an enveloping liquid sulfide film at the grain boundaries of the steel in the range of the hot-working temperatures. However, several facts have been observed in commercial steels which do not seem to be completely consistent with this explanation: 1) the frequent absence of continuous films of sulfide as observed under the microscope, 2) the absence of hot-shortness in some high sulfur and resulfurized steels, and 3) the limitation of hot-shortness to a definite temperature range. The role that manganese plays in steel to eliminate hot-shortness is well known, but the theory behind it is still under question. Moreover, the effect of de-oxidizers such as aluminum and silicon, and the effect of oxygen are still not clearly known. In this study, the effect of heat treatments and of additions of manganese, aluminum, silicon, and oxygen upon the distribution of sulfide inclusions in iron was investigated. Both the as-cast and the heat treated structures were studied, using microscopic and autoradiographic techniques. Part of the results were interpreted in terms of Smith's' concept of microstructure. Review of Literature Metallurgists used to consider sulfide inclusions as suspended particles. It was Wohrman' who first pointed out that sulfide inclusions are soluble in liquid iron. Many observed facts may be understood on the basis of this concept of solubility. Wohrman found that small castings contain small inclusions. and larger castings contain larger ones. Also, inclusion sizes are smaller near the chilled surface. For the same size ingot, the average inclusion size in a given heat of steel depends upon the rate of solidification. That is, with slow solidification, enough time for precipitation and agglomeration of these

Jan 1, 1957

By Hyung Jeek Kim, Jongmin Joo, Jonguk Kim, Jai-Woon Moon, Kyeong-Yong Lee

"Co-rich ferromanganese crusts (Fe-Mn crusts) distributed on seamounts in the western Pacific are potential economic resources for cobalt, nickel, platinum, and other rare metals in the future. Evaluation and selection of a mining site can be established based on abundance and grade of Fe-Mn crusts in the site as well as topography that should be smooth enough for mining operations. Therefore, acquisition of shipboard echo-sounding and acoustic backscatter data are prerequisite to the selection of potential mine sites in addition to visual and sampling operations. Acoustic backscatter data can be used to locate crust-covered areas on a regional scale with the understanding of acoustic properties of crust through its correlation with visual and sampling data.During an expedition that took place from January to March 2014, KIOST collected geophysical and geologic data to assess the resource potential for Fe-Mn crusts on three seamounts (guyots) in the Western Pacific. In OSM11, one of the three surveyed seamounts, three camera tows were performed to observe the distribution of Fe-Mn crusts on the summit and slopes of the seamount. Although sediments of various thicknesses generally cover most of summit region of OSM11, several regions with high backscatter signals occur on the periphery of the summit. The occurrence of Fe-Mn crusts, observed during the camera tows, on those high backscattered regions suggests that the backscatter signals of shipboard multi-beam sonar can reflect changes in the geology of the seafloor from sediment layer to Fe-Mn crust deposits. The Fe-Mn crust deposited around the summit region is worthy of notice because of its topographic characteristics, including shallow depth, flat or gentle inclined surface, and smooth relief, which are more suitable for mining operation compared to the flanks of seamount."

Sep 1, 2014

By Joshua Hoffman, Braden Lusk, John Rathbun

A Flyrock Prevention Taskforce was established in Kentucky with the support of Kentucky's Department of Natural Resources, Kentucky's Explosives Industry, and the University of Kentucky. This paper presents the initial work of the Flyrock Prevention Taskforce towards its missions of identifying the root causes of flyrock incidents based on the analysis of previous events, and tracking the progress of flyrock elimination in the future. Work identifying root causes of flyrock events is presented through the development of a database which manages information about the blasts which caused flyrock. This data includes: blasting and seismograph records, drill logs, videos of the event when available, company notes/incident reports, and any additional information regarding probable cause. Work tracking the progression of flyrock elimination efforts is presented in this paper through the introduction of a flyrock index. Several metrics are proposed for this index, and are discussed for their appropriateness and shortcomings. In order for these indexes to be valid forms of tracking flyrock incident rates additional records must be kept and reported, such as the annual consumption of explosives by surface coal blasting. Suggestions for record keeping, flyrock investigation practices, and means of tracking flyrock incident rates are proposed in this paper.

Jan 1, 2013

By S. Heukelman

Zinc or, a zinc refinery in South Africa, uses oxygen enrichment of up to 26% O2 in its fluidizing air to increase concentrate-throughput in its fluidized bed roasters. The aim of the study is to determine whether O2 enrichment can be reduced by introducing micro-pelletized concentrate into the feed blend, while maintaining concentrate throughput rates and calcine quality. A laboratory scale fluidized roaster was used to determine the strength and oxidation kinetics of suitable micro-pellets. The strength of the pellets was determined by the extent of attrition during roasting. It was found that micro-pelletization decreases the fines in the feed to the roasters; the ?500 µm fraction decreased from 87% to 10%. The micro-pelletized particles do break down during roasting, which increases the -500 µm fraction to 31%. The general morphologies of the roasted particles are similar to those found by previous workers. Micro-pelletized concentrate particles require more time than non-pelletized concentrate particles to oxidize in the roasting step, although this is less than the mean residence time of the Zincor roasters. Roasting micro-pellets in O2-enriched fluidizing air increased the reaction rate.

Jan 1, 2011

By Claude Gosselin

En 1995, la Compagnie minière Québec Cartier a mis de l'avant un projet de recherche sur la modélisation de l'écoulement des gaz pour ses fours de frittage à l'usine de bouletage de Port-Cartier. Cette démarche s'inscrivait dans un large processus de collaboration avec l'Université Laval et le Consortium de Recherche Minérale (COREM). L'usine de bouletage possède deux fours de frittage d'une capacité moyenne de 600 tonnes/heure pour chacun des fours. Les fours de frittage sont des systèmes complexes d'échange de chaleur qui fonctionnent à contre-courant (le débit de boulettes versus les débits de gaz). Pour rencontrer les spécifications reliées aux propriétés mécaniques des boulettes, le processus de fabrication requiert des mesures et un contrôle des systèmes très précis. L'information fournie par plus de 70 capteurs (pression, température, puissance, vitesse, hauteur de lit, position de volet....) est utilisée pour manipuler une vitesse de grille, cinq ventilateurs et neuf zones de brûleurs. Malheureusement, les variables qui influencent fortement les mécanismes de frittage, c'est-à-dire les débits de gaz dans les différentes zones du four ainsi que la masse de boulettes qui circulent ne sont pas mesurées. Une méthode est donc proposée pour une estimation en ligne de ces variables. La méthode est basée sur un arrangement de 65 équations reliant pressions, températures et débits de gaz dans les conduites, les ventilateurs, les sections du lit et les fuites (Gosselin, 1998). Pour des raisons de simplification de cet article, seul un sous-système du four sera présenté. Les techniques de réconciliation des données reliées à la conservation de la matière et de l'énergie montrent que la mesure en ligne du débit de boulettes mène à l'estimation des débits de gaz et apporte des avantages intéressants pour le contrôle des variables stratégiques des fours.

May 1, 2001

The recent boom in the mining industry has lead to some unique challenges in successfully operating processing plants. With high turn-over rates of both operators and technical staff, and many experienced personnel leaving regional sites for city based jobs there is often an onsite knowledge vacuum and this in turn puts pressure on both site training departments and senior metallurgists to provide the relevant skills to the continuous stream of new staff. Frequently both operators and new metallurgists are instructed on a æhow-toÆ basis rather than giving them the understanding as to why tasks are performed and decisions are made. This paper has been written with the plant operator and metallurgist in mind and aims to provide suitable material to be incorporated into a site training manual. Topics have been broadly divided into the following categories: factors that operational staff can control; including pulp density, air addition rate, froth depth, particle size and reagent type and use; factors that operational staff cannot control; providing general information on bubble size, froth stability, pulp chemistry and the mechanical effects of the rotor/stator system; and process improvements. Each topic is discussed with a view to clarifying the key process variables that need to be understood and optimised in an industrial operating plant.

Jan 1, 2009

By A. Liard, H. Sommelet, G. Sauriol

"Description des études qui ant conduit à la conception spécifique du système de drainage de la mine à ciel ouvert. Les approches différentes sont examinées ainsi que la valeur du système recommande.IntroductionLa Division Mines Gaspé de Mines Noranda Ltée exploite un gisement de cuivre par mine souterraine et mine à ciel ouvert à Murdochville, Québec. L'exploitation par mine aciel ouvert a commencé en 1965 avec une operation à flanc de montagne. Elle se poursuit actuellement sous Ie niveau de la vallée dans une fosse dont Ie diamètre est de I'ordre de 800 m (2,600 pi), et la profondeur de 150 m (500 pi) sou s Ie fond de la vallee. Elle doit atteindre une profondeur de 360 m (l, 180 pi) sous Ie fond de la vallee , avec des murs hauts de 360 à 490 m et des pentes moyenne de 44°. Le rythrne d'extraction est actuellement de 85,000 tonnes par jour.Dans Ie cadre des etudes entreprises par les Services Techniques de la Division Mines Gaspé, la compagnie Géomines Ltée a été consultée pour étudier les conditions hydrogéologiques et hydrologiques locales et participer a la conception d'un système de drainage superficiel et souterr ain. Un tel systerne de drainage visait: a éviter les importantes venues d'eau qu i affectent I'exploitation en periode de crue; amaintenir les pressions hydrostatiques au sein des parois de la fosse dans les limites imposees par les etudes de stabilite des pentes réalisees par la Mine.Les principales étapes de cette etude ont porté sur: la collecte et la compilation des données sur la géologie, l'hydrologie et l'hydrogeologie du site; . la détermination des caractéristiques hydrauliques du milieu rocheux à partir d'études structurales et de test s de perméabilité;"

Jan 1, 1981

By K. Muralidharan, P. R. Rao, M. Momayez, K. A. Runge

The evolution of trapped geothermal heat in hot underground mine along with emission of toxic gases and dust during mine activity makes the mine environment unfavorable is hazardous to worker’s health. This imposes significant demand on cooling and ventilation systems. As a result, substantial costs are incurred while implementing environmental regulation processes to dissipate the heat and provide comfortable working conditions. Thus, as an alternative, the development of cost effective materials to act as efficient thermal insulators is on the rise. Thermal conductivity is an important property that is a direct measure of a material’s ability to facilitate/deter heat flow. In addition to their superior chemical resistance, adequate mechanical strength, abrasion and fire retardant as well as environmental benefits in comparison to existing building materials such as ordinary Portland cement, aluminosilicate based geopolymers are now gaining widespread interest as promising thermally insulating and sustainable materials. This paper begins with an overview of geopolymers, transitioning into a discussion of recent developments in the field of geopolymer development as a thermally insulating material broadly classified into: filled geopolymers and porous geopolymers resulting in structures with enhanced ability to impede heat flow.

May 9, 2020

By M. A. Schellhardt

In recent years development of instruments and equipment for determining subsurface pressures and temperatures in. gas and oil wells has made it feasible to obtain information that eras not available in the past on many gas-production problems. The material presented in this report illustrates particularly the value of subsurface-temperature data in the study of subsurface leakage from gas wells. An abnormal decline in the shut-in pressure of the Lone Star Gasoline Co. A. Jones No. 1 gas well in the southern part of the Buffalo (Tex.) field was observed during an interval when a negligible volume of gas bras being withdrawn from the reservoir. Wellhead-pressure readings indicated that the shut-in pressure of the well declined from 2,295 pounds per square inch gage on February 3, 1937, to. 1,445 on February 12, 1935. Tests conducted by engineers of the Lone Star Gas Co. suggested that the subnormal pressure gaged on February 12, 1938, probably was not caused by a head of liquid in the well.

Jan 1, 1940

This briefing was sponsored by the Bureau of Mines to summarize ongoing and recently completed chromium-chromite research and resource assessment activities by the Bureau. Through the series of 18 presentations compiled herein, Bureau personnel covered a wide range of topics including U.S. chromite and chromium trends and usage patterns; foreign and domestic resources; and research activities on mineral characterization and beneficiation, chemical and pryometallurgical processing of chromite and chromium-bearing wastes, new low-chromium alloy and coating substitutes, corrosion- and oxidation-resistant stainless steels, and chromium-containing refractories.

Jan 1, 1986

Mechanism Responsible for Flocculation in Poly (N-Isopropylacrylamide) Temperature Responsive Dewatering - Attractive Interaction Forces Induced by Surface Hydrophobicity

Sep 13, 2010

By Tom Treleaven

The success of any blast is dependent on the accuracy of the blast design and the field controls used on the shot. This point cannot be over emphasized because when the geometry is not measured and/or field controls are not properly implemented, it can often have devastating effects on the final blast results. Thus drilling accuracy, tiont row burden control, explosive confinement, energy distribution, explosive selection, timing and structural geology become critical parameters in the design of successful blasts. Understanding the actual dynamics of the blast and why certain results were achieved is the fast step in optimizing a blast design. As stated by R. Frank Chiappetta, “Of all the blast monitoring systems available today, high speed videography still remains as the best stand alone instrumentation system for blast diagnostics.” Over the past years I have analyzed hundreds of blasts using either high-speed lowcams (500 frames per second) cameras or standard digital (30 frames per second). These analyses confirm, without a doubt, that shot geometry, in combination with structural geology, is the most important factor in overall blast results. Drilling accuracy is the single most important component in efficient blasting. Having equal mass associated with an equivalent energy is the basis in which blasts are designed. When drilling inaccuracy or borehole deviation occurs, not only is the energy unevenly distributed, but the basis of all design calculations becomes invalid. Over the past several years, quarry and mining operations have employed the use of boretracking measuring devices to measure borehole deviation and hole toe locations. In cases of operations using top hammer drills, it was discovered that the amount of deviation was significant and far greater than they believed they had. Set up error, improper drilling techniques and bit wear were some of the contributing factors. Through video anaysis of boretracked blasts, blast results were directly linked to drilling ..accuracy. The comparisons here took into account blast design, energy factors and hole sequencing.

Jan 1, 2000

By C. Guo

The Mildred Lake Settling Basin (MLSB) is the largest disposal site for mature fine tailings (MFT) at the Syncrude Canada Ltd oil sands plant. Over the past years (since 1997), there has been a marked change in the consolidation behaviour of MFT in the MLSB, which is attributed to microbial activity. Methane-producing microorganisms, known as methanogens, have become very active, and large amounts of biogas (mainly methane) have been produced. In certain regions within the MLSB, gas bubbles are released to the water surface of the tailings pond. Continued field monitoring of the MLSB has provided convincing evidence of the rapid densification process (rapid water drainage from the tailings). This phenomenon contradicts the consolidation models for MFT developed over the past 20 years. The above phenomenon has also been reported at the oil sands tailings ponds operated by Suncor Energy Ltd. in Fort McMurray. This rapid densification has caused pumping challenges in the transfer of fine tailings from the Mildred Lake Settling Basin for the creation of composite tailings. The rapid densification of the MFT may also have potential positive effects in accelerating the reclamation of the oil sands fine tailings. A field and laboratory research program is underway to study the mechanism leading to the rapid densification phenomenon. Systematic field investigations were performed to determine the distribution and characteristics of the rapidly densified MFT. Gas bubble distribution on the water surface was mapped to determine the zones of different biological activities in the pond. These field investigations provided solid ground for further experimental and theoretical research. A number of small-scale column tests were carried out to observe the gas evolution and to measure the changes of some geotechnical parameters under different microbial activity. Also, a series of gassy MFT densification tests are being conducted to study the mechanism of the rapid densification of the MFT under microbiological activity. A review and discussion of the research program is given and some preliminary research results are presented in the paper.

Apr 1, 2005

By R. Singh, A. K. Dhawan, M. Dixit, H. Dev

ABSTRACT: The modulus of deformation of rock mass is an important engineering parameter required for the design of foundation of hydraulic structure and to study the interaction of rock mass and the structure at the foundation support. Different equipment and techniques are used to arrive at the design modulus value. Since any error in the estimation of modulus values results in multiplication of its effects in the analysis, it is necessary to know about the reliability of testing equipment and procedures. In the present study modulus values obtained by different in-situ equipment at different project sites have been compared. KURZFASSUNG: Der Verformungsmodul von der Felsenmasse ist technisch ein wichtiger Parameter, den man zur Konstuktion des Grunds fuer die Hydro – Tektonik, benoetigt um auch die gegenseitige Beeinflussung der Felsenmasse und der Tektonik am Traggrund zu betrachten. Verschiedene Geraete und Methoden werden angewandt, um den Ausfuehrungsmodul -Wert zu erreichen. Es ist erforderlich, die Zuverlaessigkeit der Pruefeinrichtung sowie des Verfahrens zu kennen, da irgend ein Fehler in der Abschaetzung von Modulwerten in der Analyse zu einer Vervielfachung ihrer Einwirkung fuehrt. In der vorligenden Arbeit werden die Modulwerte gewonnen aus unterschiedlichen Einrichtungen an Ort und Stelle and verschiedenen Projekt -Stellen mit einander verglichen. SOMMAIRE: Le module de deformation d’une roche est un parametre important pour la conception et realisation des ouvrages hydrauliques ainsi que pour etudier l’interaction de la roche et de la structure d’appuis de base. De divers equipments et techniques sont employes pour determiner la valeur de ce module de conception. Puisque l’effet d’une erreur d’evaluation du module devient multiplie dans l’analyse, il est necessaire de savoir la fiabilite des equipments et des methods qu’on ulilise. Dans cette etude, on a compare les valeurs des modules obtenues en employant les equipments in-situ aux sites differents de projets.

Jan 1, 2003

By C. Yi, M. Onifade, B. Genc, S. Dineva, T. Zvarivadza, M. Khandelwal

Deep hardrock mines worldwide increasingly face rockbursts as mining depths increase. These events result from the accumulation and sudden release of stress, causing rockmass damage and posing major safety and operational challenges. This paper focuses on destress blasting as a critical strategy to mitigate rockburst hazards. Although limited practical experience exists in Swedish deep hardrock mines, international case studies demonstrate that, when well implemented, destress blasting redistributes peak stresses by promoting controlled fracturing around mining excavations. The success of such techniques is highly dependent on site-specific factors such as stress regime, rockmass brittleness, structural geology, and blast layout. Although destress blasting is especially effective in massive, brittle rock under high stress, typical conditions for strainburst prone environments, its design cannot rely solely on numerical models. Simulations can offer preliminary evaluation of stress redistribution trends and guide early design assessments but their current limitations, including sensitivity to input data and simplified fracture mechanics, mean they are best used as supplementary tools rather than final decision-makers. Field trials, supported by microseismic analysis and fracture mapping, remain essential for validation. The study critically synthesises international experiences and presents a structured framework for destress blasting design, offering practical and academic perspectives aligned with Swedish geological conditions to support safer and more efficient application in deep hardrock mines.

Jun 27, 2025

By David L. Borusiewicz, M. Suri Surendra

"Abstract Helical piles have been used as anchors and for supporting lightly loaded structures as a method of underpinning, etc in the past. Recently, helical piles are being used to support new structures because of their simple installation process using relatively light and mobile equipment. This paper presents the results of evaluation and design performed for the temporary support of existing piers during a bridge rehabilitation project.INTRODUCTIONThe helical screw foundation was invented and patented by Alexander Mitchell in England in 1833. He installed screw piles to support lighthouses in the tidal basins of England. Many applications in the earlier years in the USA were in North Carolina and in Florida to support lighthouses (in coastal plain deposits). A lighthouse of similar foundation design is still in use at Key Biscayne, Florida.In the USA, the helical piles were reintroduced as foundation elements for electrical transmission towers. Helical piles were also used for anchoring guys of self supported towers and as tie-backs for excavation support systems. Typically, helical piles are being used for supporting lightly loaded buildings and for underpinning buildings undergoing distress as a means of remediation. The helical piles are not commonly used in the transportation industry.HELICAL PILESHelical pile is a segmented deep foundation system with helical bearing plates welded to a central steel shaft. Load is transferred from the shaft to the soil through these bearing plates. Central steel shafts are available in either a square shaft (Type SS) or a round shaft (Type RS). The Type SS series are available in 38 mm to 57 mm square sizes. The Type RS series are available in 73 mm to 114 mm diameter sizes. Type SS-RS combinations are also available for compression applications in soil conditions where dense/hard soils must be penetrated with softer/loose soils above the bearing strata.The leading segment consists of a shaft with one or more helical plates that are welded to the shaft. The plates vary in diameter from 203 mm to 355.5 mm and have a thickness of 9.5 mm or 13.7 mm. Typically the plate diameter increases from the bottom of the shaft upward. A helical bearing plate or helix is one pitch of a screw thread. All helices, regardless of their diameter, have a standard 76 mm pitch. Being a true helical shape, the helices do not auger into the soil but rather screw into it with minimal soil disturbance. Helical plates are generally spaced a distance of two to three times the diameter of the plate directly below in order for them to function independently as individual bearing elements. A typical detail of helical pile is shown on Figure 1."

Jan 1, 2014

By K. Morin

"Silver and gold leaching by cyanidation is a well-known process used around the world. This reaction is often accompanied by the leaching of other species throughtout the cyanidation circuit that causes the diversion of cyanide towards non valuable by-products (SCN-, Cu(CN)x, Fe(CN)x, etc.). One of the detrimental impacts of the formation of these by-products is the precipitation of silver-cyanide complexes that occurs when cyanide concentration is too low. Without any extra-addition of free cyanide, the precipitated silver is lost and cannot be recovered causing an important economic loss. To overcome silver precipitation, cyanidation circuits are often operated at higher cyanide concentrations. Recently, COREM’s research team has been working on a technology to measure and control silver precipitation during the cyanidation process. Moreover, a methodology has been elaborated in order to evaluate threshold cyanide level which corresponds to the cyanide concentration at which silver starts to precipitate. This technology has been tested on site on a real cyanidation circuit at Agnico Eagle’s LaRonde mine."

Jan 1, 2014

By Alok Garg, Rajeev Kumar Dayal

The Himalayan ranges have complex geological formation induced with locked up tectonic stresses and squeezing ground conditions. High overburden, steep slopes, perennial snow, and forest cover restricts accurate prediction of geological features, resulting in surprises during excavation. The tunnel planning under high altitude, extreme climatic, and unfavorable approachability conditions requires elaborate detailing. The construction technique and working faces for excavation are influenced by site accessibility/high overburden conditions, restricting the provision of access tunnel or shaft. The paper discusses site constraints influencing construction method and working faces for 8.9 km long highway tunnel at elevation 3,000 m under 1,900 mover burden through quartz-mica-schist formation.

Jan 1, 2001

By Paul Sarnoff

The economics of precious metals -- depending upon who is involved --could be the economics of hope, of fear, indeed of profit and perhaps survival. For those investors seeking capital gains in a puzzling economy, precious metals involve the economics of hope. Those who are convinced that currency soon won't be worth the paper it's printed on turn to precious metals because of the economics of fear. Gold and silver have been a storehouse of wealth since biblical times. The economics of fear during the past 500 years on the Continent has caused almost every European family to make sure a private stockpile or hoard of gold, silver or coins is at hand in case the paper currency of their country undergoes the kind of disaster that came to the German Mark after World War I. Understandably, for mining companies involved in the production of precious metals, the elements of operations and management are directly concerned with the economics of profit -- and perhaps survival. To the American miner the price of precious metals in the marketplace is a matter of daily concern. After decades of selling silver to the US Government at 64.64 cents an ounce, producing silver mines suddenly became faced with prices breaking $5, $10 and $20 per ounce, and approaching $50 an ounce during the period 1978-1981. What should the miner expect one year in the future? Five years?

Jan 1, 1981