PEOPLE CORONET METALS (January 28, 1991)
Leslie Hart appointed chairman and director; Eva Kossuth appointed director.
News
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…
NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
U.S. REPORT Kennecott gets OK for Wisconsin mine
The Flambeau copper deposit in Rusk Cty., Wis., has finally been granted the production go-ahead by Wisconsin’s Department of Natural Resources. Flambeau Mining, a unit of Kennecott, hopes to be shipp…
Lower prices hurt Curragh earnings
Net earnings of $32 million for 1990 were reported by Curragh Resources (TSE), compared with a profit of $60.7 million for the previous year. The company said sales of lead and zinc concentrates incre…
IOCC GOLD OPTIONS (January 28, 1991)
Options Open Series Volume Last Interest Feb. 380 C 389 11.20 894 Feb. 390 C 618 7.00 1,793 Feb. 400 C 1,457 4.00 2,758 Feb. 410 C 1,160 3.50 2,418 Feb. 420 C 575 2.50 3,203 Feb. 430 C 297 1.80 975 Fe…
Gold Commissioner upholds title to Eskay claims
Ken McKenzie was dealt a major blow in his ongoing bid to challenge title to the TOK 3-6 mineral claims which underlie a strategic portion of the valuable Eskay Creek gold property north of Stewart, B…
I11 – Considered legislation could inhibit recycling efforts
While Canadians are strongly in favor of “more” recycling, few are aware of the extent to which recycling is already a fact, particularly in the metal industries. A recent survey of Canadian elite dec…
Inlet drilling Chibougamau bet
A 6,000-ft. diamond drilling program is under way on Inlet Resources’ (VSE) Grandroy mine project near Chibougamau in northern Quebec. Inlet said the first hole in the program will be drilled to a dep…
Spot prices at a glance (January 28, 1991)
Week’s Price (US) Change Gold* $377.90 — $25.80 Silver* $3.98 — $0.24 Platinum*$403.50 — $20.50 Nickel** $3.81 + $0.03 Lead** $0.27 Copper- $1.05 — $0.01 Zinc $0.53 + $0.01 Courtesy of Scotiabank….