EDITORIAL PAGE (June 29, 1992)
After years of cutbacks in search of improved productivity, only the best of the best are left among the ranks of mining professionals — or at least that’s the optimistic view. Others say those left …
News
INSIDER TRADING (June 29, 1992)
Freewest Resources (TSE) director Robert Buttars profited recently by exercising stock options and then selling the shares at a substantial premium to the exercise price. According to the Ontario Secu…
PEOPLE (June 22, 1992)
Norm Bonin appointed director and president.
GOLD FUNDS (June 22, 1992)
BGR Central Net Value $8.07 $5.03 Price $6.38 $4.60 Discount 21.01% 8.50% Value $48,056,000 $77,391,780…
Summer pour at Hope Brook
The first gold pour by Royal Oak Mines (TSE) at the Hope Brook mine in Newfoundland is scheduled for early July, the company says. Output is scheduled to steadily increase through to November, at whic…
B.C. delays report on compensation, halts `freeze’ bill
Richard Schwindt will have until Aug. 21 to finalize a report on resource compensation commissioned earlier this year by British Columbia Attorney General Colin Gabelmann. “Schwindt’s commission has g…
Matachewan awaits verdict in tailings trial
Unable to afford a lawyer to defend himself or his company against charges related to an October, 1990, tailings spill in northeastern Ontario, Matachewan Consolidated Mines (TSE) President Richard Mc…
Bethlehem sees Goldstream progress
The Goldstream underground copper mine near Revelstoke, B.C., is expected to show improved results over the coming year. In operation since its reactivation in May, 1991, the mine produced 21.6 millio…
Canadian nickel producers look abroad to add capacity
Market developments involving nickel are causing mixed reactions. Cominco is preparing new facilities at its Glenbrook ferronickel plant in Oregon to receive nickel ore from New Caledonia and increase…
SEC requirements delay vote on Madeleine reorganization
Shareholders, who were scheduled to vote on a proposed reorganization of Madeleine Mines (TSE) at the company’s annual meeting June 25, will have to wait until management has complied with U.S. securi…
STOCK MARKETS (June 22, 1992)
Markets were mixed during the period ended June 16, but a bright spot was gold managing to edge above US$340 per oz. to finish at the US$342 level. The Vancouver Stock Exchange resource index closed u…
Petrina hands in resignation, Placer Dome seeks new CEO
The board of Placer Dome (TSE) is seeking a new president and chief executive officer to replace Tony Petrina who recently announced he will resign in mid-September. A mining engineer, Petrina rose th…