NEWS IN BRIEF Lectus Development Ltd.
Lectus Development Ltd. (LDV:VSE) has changed its name to Swannell Minerals Corp. (SNL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Royal Trust Co.
Articles by Northern Miner Staff
Agnico reports quarterly loss
Lower gold prices and reduced production contributed to a net loss during the first quarter of the year, Agnico-Eagle Mines (TSE) reported. The company recorded a loss of $3.1 million compared to a ne…
EDITORIAL PAGE Making the cost clear
Tax revolt? Not quite. But the discontent of Canadian taxpayers is becoming increasingly evident. Truckers laid siege to the nation’s biggest city recently, blocking the main arteries into and out of …
U.S. gold output second in world
The U.S. moved into second position in 1990 among gold-producing nations, Gold Fields Mineral Services of London said in its annual review of the world gold industry. The U.S. replaced the Soviet Uni…
Saskatchewan map
The 1990 edition of the Mineral Resource Map of Saskatchewan, listing among other items 165 deposits hosting a variety of minerals, is available from Saskatchewan Energy and Mines, Publications, 1914 …
Arimetco moves on warrant issue
An agreement to manage the exercising of the outstanding Series 1 warrants of Arimetco International (TSE) by Sept. 30 has been entered into with securities firm Midland Walwyn, the company reported. …
Insider Trading (May 27, 1991)
Redfern Resources (TSE) Co-Chairman George Fink and director Murray Pyke recently demonstrated an astute sense of timing by selling part of their holdings in the Vancouver-based explorer. According to…
Echo Bay offers bond conversion
Holders of Echo Bay Mines’ (TSE) Swiss Franc 3.875% bonds, due 1996, will be able to convert the bonds into common shares of the gold producer until Oct. 28. At the option of the bondholders, each of…
Dickenson production down but earnings slightly better
While gold production at Dickenson Mines’ (TSE) Red Lake, Ont., operation is down slightly from last year’s levels, the company reported a slight increase in first-quarter earnings. Dickenson said ear…
While merger plans continue
Centurion pulls gold values…
Veteran of Eskay dispute seeks job as claims inspector
A director of Waterford Resources (VSE), a company prominent in recent claim disputes in northwestern British Columbia’s Eskay Creek gold camp, has resigned to “pursue career goals” with the province’…
EDITORIAL PAGE History’s shock absorber
“I think what has happened is that gold has reverted to its long-standing original role: shock absorber. For centuries it absorbed every attempt by kings and governments to debase coinage. Commodity p…