Pollution fine will likely go unpaid
St. Lawrence Fluorspar will probably never pay the $30,000 fine it was given for polluting a nearby pond, but an Environment Canada official says it was worth pressing ahead with the case anyway. The …
News
Industry needs to be assessed
The undertaking of a government-industry study on human resources in the mining industry was announced recently by the minister of employment and immigration, Bernard Valcourt. The 10-month review wil…
TORONTO STOCK EXCHANGE INDICES (July 22, 1991)
July 16 July 15 July 12 July 11 July 10 HIGH LOW Composite”300″ 3535.45 3526.90 3516.34 35070.89 3504.17 4009.47 3009.91 Metals & Minerals3268.08 3219.27 3210.40 3189.36 3194.80 3453.06 2502.63 Integr…
PEOPLE CLAIMSTAKER RESOURCES
Alan Savage appointed director.
PEOPLE SILVER DRAKE RESOURCES
John Reynolds appointed chairman and chief executive officer.
IOCC GOLD OPTIONS (July 22, 1991)
The New York closing gold price was $368.60 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
NEWS IN BRIEF Kennecott drops Washington Dome
A joint venture agreement between a unit of Kennecott and High Frontier Resources (VSE) was terminated by the major company because of disappointing drill results at High Frontier’s Washington Dome pr…
EDITORIAL PAGE Land claim settlements are overdue
Mention native land claims to anyone in the mining industry and you’re likely to get a strong response. Individuals have their personal views on the legitimacy of these claims and the political maneuv…
PEOPLE MILLENNIUM RESOURCES
Argo Stefanopolous appointed director.
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…
Recession spells big drop in new mining stock listings
Hit by the economic recession, a slump in the gold market and the elimination of tax-related exploration incentives, mining companies are becoming increasingly shy about coming to the market with new …
U.S. REPORT NEWS IN BRIEF Horizon Gold reports loss
A net loss of US$4.1 million or 14 cents per share was reported by Horizon Gold (NASDAQ) for its fiscal year ended March 31, compared with a loss of US$3.9 million for the previous year. This year’s l…