Writeoff hurts Amax results
Equity losses and writedowns put a damper on 1990 results for Amax Gold (NYSE) which reported earnings of US$28.3 million for the year, compared with 1989 earnings of US$33.3 million. The losses and w…
News
U.S. REPORT Amax negotiating for Piedmont bet
A letter of intent agreement between Amax Gold (NYSE) and Piedmont Mining (NASDAQ) is setting the stage for the major gold producer to earn a 62.5% interest in Piedmont’s Haile gold property near Kers…
PEOPLE AMERICAN BARRICK RESOURCES
Howard Beck appointed vice-chairman of the board.
PEOPLE American Mining Congress
Milton Ward re-elected chairman of the board; Allen Born re-elected vice-chairman and chairman of the AMC Finance Committee; Harry Conger, Robert Quenon, Richard de J. Osborne, Gordon Parker, Thomas M…
More sampling planned for Frasergold
Although details have yet to be finalized, the 1991 field program for the Frasergold project near Williams Lake, B.C., is expected to include more diamond and reverse circulation drilling and undergro…
PEOPLE GOLDEN DIVIDEND RESOURCES
Edward Cockerell appointed president succeeding Dale Wallster who resigned.
PEOPLE CITY RESOURCES (CANADA)
David Paice appointed president and chief executive officer; Craig Munroe appointed chief financial officer; Craig Thomas appointed secretary; Andrew Robertson and Andrew Williams appointed directors….
COATS (over-the-counter) Willingdon doubles
Willingdon Resources racked up impressive gains in the week ended Feb. 26, as more than 700,000 shares changed hands. While the company’s stock doubled in price to $1.50, President George Cross said h…
PRODUCER PRICES (March 04, 1991)
ALUMINUM: MW U.S. Market US68-69 cents per lb. (Feb. 14, 1991). ANTIMONY: New York dealer US85-87 cents per lb. (Feb. 14, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIUM:…
METAL PRICES FREE MARKET (March 04, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb26 Feb25 Feb22 Feb21 Feb20 Copper 1304-1306 1286-1287 1282-1284 1275-1280 1266-126…
Minerex gearing for 1991 (March 04, 1991)
With the signing of a new joint venture agreement on the Aurora partnership and with legal disputes with its former mining contractor behind it, Minerex Resources (TSE) is gearing up for a prosperous …
U.S. REPORT Newmont drops Bruner
The recent announcement that Newmont Mining (NYSE) dropped its option on the Bruner project has shed some light on the erosion of the share price of Miramar Mining (VSE) during the past month. Miramar…