Former DRX head files lawsuit
Robert Clarke, former president of DRX (NASDAQ), has filed a lawsuit seeking to invalidate the election of a slate of directors at the company’s recent shareholder meeting in Delaware,. DRX is a preci…
News
Rio Algom wrestles with low-grade N.S. tin mine
After reporting reduced annual earnings of $73.1 million in 1989, Rio Algom (TSE) is preparing for what could well turn out to be another lacklustre year in its profit picture. The company was hit har…
Toronto Stock Exchange Market free fall ends as Goodman ties up (April 30, 1990)
After a week long free fall caused by sky high interest rates and falling profits, the Toronto market finally recovered a small amount of lost ground today, April 25. But investors who are obviously t…
Obituary John McAdam; the Scotsman of Chibougamau
John (Jack) McAdam, a prospector and mine developer active in the Canadian mining industry since the early 1950s, died suddenly April 19. He was 64. .”Everyone feels it’s like a loss in the family,” s…
MinVen selling mine interest
Securities firm Burns Fry of Toronto has been retained by MinVen Gold (TSE) to help in the sale of the latter’s one-third interest in the Golden Reward gold mine in South Dakota. MinVen announced in M…
Hardrock, Geraldton, Ferau joint ventures
Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest i…
Cambior looks beyond North America
In its first major exploration project outside North America, Cambior (TSE) is negotiating an agreement involving gold property in Indonesia. Cambior, based in Val d’Or, Que., says it has reached an u…
Lower zinc prices cut into Brunswick earnings
Despite record zinc recoveries from Brunswick Mining and Smelting (TSE) No. 12 mine near Bathurst, N.B., lower zinc prices have slashed the company’s first quarter earnings by 60% from last year’s fig…
China searches for minerals
China plans to increase its prospecting and exploration activities. The Ministry of Geology and Mineral Resources hopes to locate new reserves that amount to 13-15% of the present total and double its…
Public hearings planned for Cinola mine
Public meetings are being planned to address environmental and other key aspects of the controversial Cinola gold mine project on the Queen Charlotte Islands of British Columbia. British Columbia Mine…
Westmin moving to secure Tenajon deal
The Premier Gold mine project near Stewart, B.C., may soon be treating higher-grade reserves from the SB gold project owned by Tenajon Resources (TSE). Don McLeod, president of Tenajon, said his compa…
Toronto Stock Exchange Indices (April 30, 1990)
Apr. 24 Apr. 23 Apr. 20 Apr. 19 Apr. 18 HIGH LOW Composite “300” 3340.96 3344.07 3355.62 3410.61 3476.42 4009.47 3340.96 Metals & Minerals 2851.87 2850.84 2898.23 2946.64 2971.48 3453.05 2850.84 Integ…