PEOPLE THE GOLD INSTITUTE (July 22, 1991)
Robert Smith elected chairman.
News
PEOPLE CHARLEMAGNE RESOURCES
Philip Yee appointed director and corporate secretary succeeding Richard Novia who resigned; Qui Sung Poon appointed director.
U.S. REPORT NEWS IN BRIEF Golden Sitka to sell Chichagof mine
Based on a recent letter of intent agreement, a private Alaskan company was granted an exclusive option to buy the Chichagof property and associated mining inventory from current owner, Golden Sitka R…
Gold mines’ `hidden’ costs edging higher
If it weren’t for forward sales, more than half of North America’s top gold producers would have reported pretax losses in the first quarter, says a recent report by Yorkton Natural Resources. North A…
Aur intersects stringer zone on Jonpol’s Dalquier claims
Aur Resources (TSE) recently intersected a broad zone of stringer copper mineralization while drilling for extensions of known zones, on Jonpol Explorations’ (TSE) Dalquier Twp. claims, five kilometre…
Placer Dome options claims near Kerr copper-gold deposit
Associated companies Kenrich Mining (VSE) and Ambergate Explorations (VSE) recently completed an option agreement allowing Placer Dome (TSE) to earn interests in various claims near the Kerr deposit n…
Drilling program completed on David/Lew property
Partners Dragoon Resources (VSE) and Greenstone Resources (TSE) recently completed a 4-hole drill program on the David Lew gold project in southwestern British Columbia. The best hole returned 0.11 oz…
OBITUARY Walter Waterston
A news man who devoted his entire life to that profession, including a 10-year stint with The Northern Miner, Walter (Walt) Waterston died recently at his home in Unionville, Ont., where he had lived …
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…
Abandoned mines focus of program
A $10-million abandoned mines program is being set up by the Ontario government. The money for the Abandoned Mine Hazards Abatement Program was allocated in the recent budget brought down by the New D…
PEOPLE ESKAY GOLD
Kevin Nephin appointed president and director; Kenneth Shannon and John Millette appointed directors.
U.S. REPORT NEWS IN BRIEF Hecla, CoCa complete merger
The previously announced merger between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) is now complete following the approval of the two company’s shareholders. Each common share of CoCa common stock is …