Correction (March 04, 1991)
Parts of two lines were dropped inadvertently from the article New Ontario legislation targets previous owners” (T.N.M., Feb. 11/90). The correct version should have read: As well, the old Environmen…
News
IOCC GOLD OPTIONS; TORONTO STOCK EXCHANGE INDICES
Feb.26 Feb.25 Feb.22 Feb.21 Feb.20 HIGH LOW Composite “300” 3421.28 3445.62 3453.28 3471.87 3493.54 4009.47 3009.91 Metals & Minerals 3064.05 3091.80 3108.65 3133.43 3143.92 3453.06 2502.63 Integrated…
De Beers annual diamond sales total US$4.17b
Annual sales of rough diamonds by the Central Selling Organization (CSO) of De Beers totalled US$4.17 billion last year, up 2% from US$4.09 billion in 1989, the company reports. The 1990 sales figure …
PEOPLE LA TEKO RESOURCES
K. Stoker appointed president and director succeeding Edmund Babcock; Gordon Fretwell appointed director succeeding Chester Millar; Spencer Nelson appointed secretary2Dtreasurer succeeding Brian Irwin…
Varna and Long Range reach an out-of-court settlement
Two Calgary-based junior mining companies have agreed to lay down their arms and concentrate on working their respective properties in Newfoundland. Varna Gold (ASE) and Long Range Resources (ASE) had…
Del Norte options California mine
Based on the favorable findings of a preliminary investigation, Consolidated Del Norte Ventures (VSE) recently acquired an option to evaluate and own 100% of the Idaho-Maryland gold mine and accompany…
FINANCING (March 04, 1991)
Sandy Lake Explorations Ltd. – 2,210,000 units consisting of 1 sh and 1 wt offered @ 45 cents per unit, also 400,000 shs offered @ 43 cents per sh. Skeena Resources Limited – 600,000 units consisting …
Hecla ups stake in Acadia to 55%
Hecla Mining (NYSE) of Coeur d’Alene, Idaho, recently increased its stake in Acadia Minerals (TSE) to 55.51% from 52.5%. Under a June, 1990, agreement, Hecla paid Acadia $600,000 in cash in exchange f…
EDITORIAL The great government spending fix
When the Fraser Institute uses some new calculations to take a swing at government spending, the figures may not always be the most reliable but they are always interesting. The Vancouver-based think …
Meet the miners’ reception in N.S.
Over 125 people turned up to meet the miners” at a recent reception held by the Chamber of Mineral Resources of Nova Scotia (CMRNS). he reception kicked off a 2-day annual meeting and seminar, where …
Timmins Nickel gets control of Vedron
Control of Vedron (TSE) has passed to Timmins Nickel (TSE) following the latter company’s acquisition of Belmoral Mines’ (TSE) debt and equity interests in Vedron. Timmins Nickel now owns 6.8 million …
U.S. REPORT FMC earnings slide
As a result of lower silver prices and an increase in operating costs, FMC Gold (NYSE) reported a drop in earnings to US$5.3 million for the fourth quarter ended Dec. 31 from the US$10 million reporte…