Appeal date nears on asbestos ruling
The Environmental Protection Agency (EPA) in the U.S. has about a month to decide if it will ask the U.S. Supreme Court to review a court ruling on asbestos use. The EPA, which moved to ban nearly all…
News
Volume, value slip on VSE in 1991
Trading was sluggish on the Vancouver Stock Exchange early in 1991 compared with 1990 but gained momentum during the last four months, when both volume and value surpassed performance compared with th…
LETTERS TO THE EDITOR (January 20, 1992)
We refer to the article “one dead, one injured at Macassa, blast injures 11 at Sa Dena Hes” (T.N.M., Dec. 30/91). One of the two mine sites, Sa Dena Hes, is a joint venture operation of our company.Th…
GUEST COLUMN (January 20, 1992)
A proposal to access the vast mineral resources of the Coronation Gulf area in the Northwest Territories holds the promise to provide from hundreds to thousands of jobs to northern residents, and can …
Amax completes Fort Knox buy
In exchange for 12.9 million shares and four million warrants, Amax Gold (NYSE) recently completed the purchase of a 100% interest in the Fort Knox property from former owners, Fairbanks Gold and Gilm…
INSIDER TRADING (January 20, 1992)
Royal Oak Mines (TSE) director George Oughtred recently added to his holdings in the Vancouver-based gold producer. According to the Ontario Securities Commission OSC Bulletin, Oughtred bought 54,610 …
Goldstream shows operating profit
The owners of the Goldstream copper mine near Revelstoke, B.C., expect to report an operating profit of about $2.2 million for the six months ended Nov. 30. The mine is jointly owned by Goldnev Resour…
Asamera bullish on Meliadine
An additional $1.5 million will be spent on the Meliadine River gold project in the Northwest Territories this year after Asamera Minerals (TSE) received encouraging results from its 1991 program. “I …
Montreal Exchange (January 20, 1992)
A new drilling program for the Douay gold project in Quebec’s Casa Berardi region was announced by joint venture partners Inco Ltd. and Societe d’Exploration Miniere Vior. The $850,000 campaign will t…
U.S. REPORT (January 20, 1992)
The latest update of reserves at the Alligator Ridge property owned by USMX (NASDAQ) has boosted reserves by 57% from the previous estimate in mid-1991. Proven and probable oxide reserves at the Nevad…
NEWS IN BRIEF (January 20, 1992)
The International Monetary Fund, in its latest financial statements, reports gold holdings of 3.2 million kg (more than 10 million oz.) at designated depositories, as of Oct. 31, 1991.
GOLD FUNDS (January 20, 1992)
BGR Central Net Value $8.41 $4.95 Price $7.50 $4.350 Discount 10.81% 12.1 Value $50,067,000 $73,185,705…