PEOPLE RIO GOLD MINES
Michael McInnis and Pauline McInnes appointed directors succeeding Robert Hunter, Jean Monroe and Douglas McRae who resigned.
News
Montreal Exchange Val d’Or active
The market turned downwards during the week ended April 23, with the market portfolio off by almost 18 points and the mining and minerals index in decline by 13.4 points. Daily trading volumes ranged …
Good fortune has smiled on Campbell
With the good fortune that seems to attend most things the Campbell gold mine of Placer Dome in northwestern Ontario does, the shaft collared in October, 1946, turned out to be within a few feet of th…
Nor-Acme mine to close
Toronto-based TVX Gold (TSE) has recently advised High River Gold Mines (TSE) that it intends to shut down the Nor-Acme gold project at Snow Lake, Man., effective June 1. TVX has the option to earn a …
Montreal Exchange Armeno shows gain
Topping the list of active resource stocks during the week ended April 16 was Vancouver-based Armeno Resources, which gained 4 cents to 44 cents on trading of more than 600,000 shares. Among the compa…
Sphinx to restart heap-leach project
Heap leaching at the 400,000-ton-per-year Duvay gold project near Amos, Que., is set to resume in mid-April, Societe Miniere Sphinx (VSE) reported. The company began production from the site last year…
Claimstaker stakes in Toodoggone
A group of claims totalling 56 units have been staked in the Toodoggone region of north-central British Columbia by Claimstaker Resources (VSE). The claims are immediately adjacent and to the south of…
Hydro’s plans worry Ontario consumers
Industrial electric power users in Ontario are worried that provincial government policy could result in serious power shortages or onerously expensive electricity by the mid-1990s. Speaking to a rece…
Dickenson’s gold mine at Red Lake a steady producer over the years
Right next to Placer Dome’s Campbell mine is Dickenson Mines (TSE) Arthur White mine. They are close neighbors and work essentially the same type of ore in a similar geological environment. They have …
Pair of brokers once controlled Campbell, White mines at Red Lake
Two-Up — the famous, or could it be notorious? — Australian game of chance. Place two coins on a flat stick, flip the coins and when they are in midair, make your call, “Odds” or “Evens.” Nothing co…
U.S. REPORT Win-Eldrich extends option
Win-Eldrich Mines (TSE) has extended its option to Billiton Minerals for the purchase of its Ashdown gold property in Nevada to July 4, 1991. Billiton, a unit of Shell Oil, previously paid US$200,000 …
U.S. REPORT Newmont working to reduce debt
The controlling shareholder of Newmont Gold (NYSE), the largest gold producer in North America, reports making progress in its efforts to reduce its debt load. In its 1990 annual report, Newmont Minin…