PEOPLE — PANARIM RESOURCES (October 19, 1992)
Richard Oldake appointed president.
News
PEOPLE — STORMIN RESOURCES
James Trotman, David Hughes and Bing Jung appointed directors.
PEOPLE — PRESTON RESOURCES (October 19, 1992)
Naren Majithia, Basil Pantages and Ralph Brown appointed directors.
PEOPLE — SUNSTATE RESOURCES (October 19, 1992)
Gloria Steffensen elected director.
PEOPLE — SILVERWOOD
Peter Jorgenson appointed director/president.
STOCK MARKETS — NovaGold more than doubles despite gold
While Canadian investors were busy feasting on turkey and Blue Jays baseball, the gold price commenced a downhill slide in New York, giving up $5.20 to US$345.20 per oz. on Thanksgiving Day. By the cl…
PEOPLE — GOLD PARL RESOURCES (October 19, 1992)
Ronald Steele appointed director/president.
PRODUCER PRICES (October 19, 1992)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Oct. 1, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
November start for Amelia project
Through a 50% owned subsidiary, Red Rock Mining (NASDAQ) is continuing to develop the Amelia gold project located near Magdalena in Sonora State, Mexico. The property adjoins the Gertrudis gold projec…
Aber’s kimberlite may lift `Fipke curse’
Recent drilling on ground held by partners Aber Resources (TSE), Commonwealth Gold (VSE) and SouthernEra Resources (TSE) has blown holes in the theory that the BHP-Dia Met claim block holds the only p…
Kerr shareholders OK Minnova sale
At a special meeting held recently in Toronto, shareholders of Kerr Addison Mines(TSE) approved the sale of the company’s 50.4% equity interest in Minnova (TSE) to Metall Mining (TSE) for a price not …
MINING IN MEXICO — Scotiabank buys into financial group
The Bank of Nova Scotia (known also as Scotiabank) agreed this past summer to invest US$75 million to acquire a 5% interest in Mexico’s fourth largest financial group, Financiero Inverlat, S.A. The Ca…