PEOPLE PIERCE MOUNTAIN RESOURCES
L. George appointed a director succeeding Jordan Ethans who resigned.
News
RTZ net earnings fall 6% in 1990
London-based RTZ Corp (NYSE) reported net earnings of US$908 million ($3.68 per share) last year, down only 6% from its 1989 net earnings of US$964 million ($4.14 per share). Group sales totalled US$9…
Giant team knows its first aid
A 4-person team from Giant Yellowknife Mines in Timmins recently won the annual McCrea First Aid Competition sponsored by the Mines Accident Prevention Association of Ontario. Fifteen teams competed i…
Quebec offers bright spot as PDAC rides out rocky time
There was a hint of anxiety in the air at this year’s annual Prospectors and Developers Association of Canada (PDAC) convention in Toronto, as representatives of the mining community pondered a rocky …
OBITUARY Eric Partridge
Former president of Waddy Lake Resources, Eric Partridge, died in Prince Albert, Sask., recently. He was 75. Born April 3, 1915 in Carnduff, Sask., Partridge began his career as a prospector in Britis…
Agnico reports $48-million loss
A $36.9 million writedown on its mining properties and investments in other companies led to a $47.7 million ($1.82 per share) loss for Agnico-Eagle Mines (TSE) in 1990. For the fourth quarter, the lo…
Mount Wright to get royalty
A Spanish court of appeal has upheld a 1983 judgment awarding Mount Wright Iron Mines (OTC) nearly $3.47 million in back royalties owed to it by Exminesa, a unit of Cominco (TSE). Mount Wright is 48.3…
U.S. REPORT Billiton in U.S. dealing properties
A portfolio of 15 American precious metal properties in various stages of development is being offered for sale by Billiton Minerals U.S.A., a division of Shell Oil Co. “Bids for these properties are …
TORONTO STOCK EXCHANGE INDICES (April 01, 1991)
Mar. 26 Mar. 25 Mar. 22 Mar. 21 Mar. 20 HIGH LOW Composite”300″ 3467.92 3459.82 3457.04 3478.73 3481.33 4009.47 3009.91 Metals & Minerals3196.30 3157.02 3123.15 3139.86 3136.41 3453.06 2502.63 Integra…
Giant takes $48.5 million writedown
A $48.5-million writedown on the carrying value of its assets resulted in a massive loss for Giant Yellowknife Mines (TSE) last year. For the 12 months ended Dec. 31, the gold producer lost $51.2 mill…
Chase president, director resign after VSE probe
Following an investigation of Chase Resources (VSE) by the Vancouver Stock Exchange, company president Lynn Wilkinson and director Edward Nealon have resigned. The resignations stem from the disclosur…
Spot prices at a glance (April 01, 1991)
Week’s Price (US) Change Gold* $357.10 — $ 7.10 Silver* $ 3.90 — $ 0.14 Platinum* $390.00 — $11.45 Nickel** $ 4.05 + $ 0.07 Lead** $ 0.27 $ 0.00 Copper{ $ 1.09 + $ 0.01 Zinc{{ $ 0.54 + $ 0.00 Court…