PEOPLE (November 25, 1991)
Walter Lawrence elected senior vice-president, operations; Eric Hamer elected vice-president and general manager.
News
Inco’s break-even price hits US$3.30 per lb. nickel
By cutting costs and increasing productivity at its international operations, Inco (TSE) will attempt to remain a low-cost nickel producer, Chairman Donald Phillips told analysts in Toronto recently. …
Gold loan accounting rules aim to end inconsistencies
Canadian gold producers were recently issued a new set of accounting guidelines that requires them to change the way they account for gold loans in their financial statements. Effective, Nov. 20, the …
White Star rises as talks continue on Kidd property
Shares of White Star Copper Mines (CDN) have soared since the junior announced that it is negotiating with a “major mining company” to explore its Kidd Creek area play near Timmins, Ont. White Star’s …
LETTERS TO THE EDITOR (November 25, 1991)
I was stunned regarding the recent announcement by Eurus Resource that no additional work is to be carried out on the Rock & Roll property of Eurus and Thios Resources (T.N.M., Oct. 28/91). As a longt…
New offering planned by Barrick
A public offering worth $113 million is planned by American Barrick Resources (TSE). The offering of four million common shares was announced on a “bought basis” at $28.25 per share. The shares will b…
Grants benefit Kirkland Lake area
The northern Ontario community of Kirkland Lake has been the most popular area in the province this year for OPAP and OMIP grants, the Ontario Ministry of Northern Development and Mines reports. Grant…
LAC ups 9-month output, earnings
Higher production from the Bousquet No. 2 mine near Malartic, Que., boosted LAC Minerals’ (TSE) total gold production and earnings for the first nine months of the year. LAC reports a net income of US…
NEWS IN BRIEF (November 18, 1991)
Pacific Summa Capital Corp. (PSU:VSE) has changed its name to Pacific Summa Environmental Corp. (PSU:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montre…
Udd receives engineering medal
An engineering medal was recently awarded to John Udd, director of mining research laboratories for CANMET (Canada Centre for Mineral and Energy Technology) in Ottawa, for his efforts in uniting Canad…
Inco retirement plan proves popular
An early retirement program, designed to reduce the workforce at Inco Ltd.’s (TSE) Sudbury, Ont., nickel operations and cut costs, has attracted an overwhelming response from eligible employees. Accor…
Claim transfers cheaper in Quebec
A change to Quebec’s Mining Act has made it less expensive for companies to transfer ownership of groups of mining claims in the province. Effective Oct. 3, transfer fees have been increased from $10 …