PEOPLE — NORANDA INC.
Alex Balogh appointed deputy chairman and director; David Bumstead appointed executive vice-president.
News
Pamlico drilling under way
Reverse-circulation drilling is under way at the Pamlico gold-silver property in Mineral Cty., Nev. Pamlico Gold (VSE) can earn a 51% interest by spending US$1.3 million on exploration, development an…
PEOPLE — NORA EXPLORATION
Bernard Tourillon appointed executive vice-president and director; Pierre Danis appointed director.
Spot prices at a glance (December 26, 1994)
Week’s Price (US) Change Gold* $382.50 + $4.15 Silver* $ 4.83 + $0.06 Platinum* $417.50 + $7.85 Nickel** $ 3.78 + $0.03 Lead** $ 0.29 + $0.01 Copper $ 1.34 $0.00 Zinc $ 0.50 + $0.01 Courtesy of Scotia…
STOCK MARKETS — Western markets sluggish as composite index
‘Tis the season to re-price employee stock options. This, at least, is what a flood of companies are doing as western markets continue to slide. The Vancouver Stock Exchange composite index dipped jus…
STOCK MARKETS — Strengthening gold sector bolsters TSE
Strength in the gold sector helped propel the Toronto Stock Exchange higher over the 5-day report period ended Dec. 20. The composite 300 index jumped 109.72 points to close at 4,154.13. The gold and …
NEWS ROUNDUP — Echo Bay gets poison pill
Shareholders of Echo Bay Mines (TSE) voted 75.6% in favor of a rights plan. The shareholders rights protection plan, also known as a “poison pill,” is designed to thwart a hostile takeover by increasi…
Production woes at Colomac
Production problems at the Colomac mine north of Yellowknife, N.W.T., have prompted owner Royal Oak Mines (TSE) to downgrade its overall 1994 production forecast for the four gold mines that it owns. …
Glamis eyes Golden Queen
Producer Glamis Gold (TSE) has agreed to merge with junior Golden Queen Mining (TSE) by issuing one share for every five shares of Golden Queen held. The merger, subject to shareholder and regulatory …
Pacific Comox teams with Anglo
A subsidiary of Anglo American has acquired right of first refusal to joint-venture new projects identified by Pacific Comox Resources (VSE) within a 16,000-sq.-km area of southwestern Ghana. Anglo wi…
Inco options two properties in Casa Berardi camp
An option to explore two of Glen Auden Resources’ (CDN) properties in northwestern Quebec has been acquired by Inco (TSE). One property consists of 24 claims in Casa Berardi Twp., while the other comp…
COMMENTARY — Cameco recycling; coal clean-up
Construction is under way on a recycling plant at uranium producer Cameco’s Blind River, Ont., refinery. The $10-million plant will take liquid byproduct from the refining process and convert it into …