U.S. REPORT Fogarty honored by AMC award
An executive whose impact on the mining industry in Canada was as great as it was in the U.S. was selected by the American Mining Congress (AMC) to receive its distinguished service award. The recipie…
News
Royal Oak, Pamour merger proceeding
An amalgamation between Royal Oak Resources (TSE) and the Pamour (TSE) group of companies should be completed by the end of March, Royal Oak says. The Pamour group, 67.1% owned by Royal Oak, includes …
U.S. REPORT Asarco closes Coeur silver mine
As a result of a sustained drop in the price of silver, Asarco (NYSE) plans to shut down its 55% owned Coeur silver mine in northern Idaho. The balance of the mine is owned by Coeur d’Alene Mines (NYS…
PEOPLE HIGHGRADE VENTURES
Minaz Devji appointed director.
Toronto Stock Exchange Freewest hits new high as golds join market
Despite compelling evidence from Statistics Canada that the Canadian economy is still weakening, bargain hunters were out in force during the week ended Feb. 5. Drawn back into the market by lower int…
PEOPLE YORBEAU RESOURCES
David Crevier appointed chairman; Jean Rainville appointed president succeeding Karl Glackmeyer who remains a director.
Greenstone boosts grade
Final assays from a recent drill hole on Greenstone Resources’ (TSE) Santa Rosa gold project in Panama have produced a pleasant surprise for the company. After checking assays from hole 75, Greenstone…
EDITORIAL PAGE A penny’s value
Inflation has just about whisked away the penny, if not physically then at least in terms of value. But don’t expect it to disappear quite yet; all of the new and different tax grabs (the goods and se…
IOCC GOLD OPTIONS (February 11, 1991)
Options Open Series Volume Last Interest Feb. 370 C 586 3.70 545 Feb. 380 C 1,367 1.70 2,301 Feb. 390 C 302 0.9 2,583 Feb. 400 C 863 0.50 3,476 May 380 C 244 11.50 707 May 390 C 324 8.60 515 May 400 C…
U.S. REPORT Clarke loses suit against DRX board
Former DRX (NASDAQ) president Robert Clarke recently lost his court battle against DRX and the New York holding company’s board of directors. The Delaware district court judge ruled in favor of DRX on…
New Ontario legislation targets previous owners
As described recently in T.N.M., (Jan.21/91), the Ontario Ministry of the Environment (MOE) i i th proces o servin wor order t forme owner an operator o tailing pon nea Matachewan Ont Followin heav ra…
Waddy Lake boosts reserves at Komis
Based on the results of a check assaying program on resect results as well as all historical data, Waddy Lake Resources (TSE) has calculated a preliminary reserve of 562,000 tons grading 0.43 oz. gold…