PEOPLE YORBEAU RESOURCES
David Crevier appointed chairman; Jean Rainville appointed president succeeding Karl Glackmeyer who remains a director.
Articles by Northern Miner Staff
Correction (February 11, 1991)
Contrary to previous reports (T.N.M, Feb. 4/90), James Hunter’s legal action against Gold Bar Resources (COATS) has not been dismissed. Hunter’s application for an injunction against Gold Bar has been…
OSC rules out Westfield hearing
A group of Westfield Minerals (TSE) minority shareholders are examining their options now that the Ontario Securities Commission (OSC) has elected not to conduct a hearing into the 1989 sale of Westfi…
Freewest gold discovery ignites a staking rush
A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…
Massive sulphide target drilled on Rock & Roll
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…
Faxed claims focaus of dispute
Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…
Cyprus Minerals writes down assets
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
Mining firms seen growing into integrated producer/processor
You are entering an industry notable for the challenges that face it. You know that we have to produce commodities for sale on international commodity markets at price levels that largely reflect the …
Arizona produces $3-billion worth of minerals
Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…
Low silver price could act to restrain supply growth
It was not a banner year for silver in 1990. The price of the precious metal fell to 14-year lows late in the year on weakened investor and industrial demand. It may now be silver has nowhere to go bu…
Growing gold supply a serius concern for investors
Where is gold going? How do you weigh the factors in your forecast? Before trying to forecast future events, it is often beneficial to look at the past. In the 1980s, gold demonstrated its volatile na…
Teck bottom line reflects opportunities of the ’80’s
The turbulent economic times of the 1980s may have undermined the constitution of some Canadian major mining companies, but this wasn’t the case for Teck (TSE) which instead experienced a pivotal deca…