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…
News
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…
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 …
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…
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…
Pamour named in tailings mishap
The Ontario Ministry of the Environment has issued an order against Pamour (TSE) which requires the company to take certain steps in relation to an incident last October near Matachewan, Ont., involvi…
Drilling extends strike length RFC expands Pend Oreille
Halfway through a 20,000-ft. underground drilling program on the Pend Orielle project in Washington State, RFC Resource Finance (TSE) has extended the strike length of the Yellowhead zone by 600 ft. L…
Loki Gold raises cash to fund Brewery Creek work
After having netted $1.28 million in a recent public financing, Loki Gold (VSE) is well financed to meet exploration commitments scheduled for this year on the Brewery Creek project near Dawson, Yukon…