Non-cash offer — Royal Oak bids for Hope Brook
The Hope Brook gold mine in Newfoundland could be re-opened next summer if Royal Oak Mines (TSE) is successful with its plans to acquire the mine and related facilities from Hope Brook Gold, a subsidi…
1991
Battle Mountain ups reserves at Jewel
Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…
EDITORIAL PAGE (December 30, 1991)
We know we’re going to take a lot of ribbing, but there really was no other choice. Margaret Witte, our Mining Man of the Year for 1991, was the newsmaker who made things happen in 1991 — assembling …
Alberta Stock Exchange (December 30, 1991)
Reports that shareholders approved an amalgamation of Bay Resources and Services with three other companies sent the stock down 3 cents to 2 cents during the week ended Dec. 23. The newly amalgamated …
Mining Man of the Year — Witte gathers rag-tag mines, builds
When Margaret (Peggy) Witte launched her initiative to acquire and revitalize the Pamour group companies in late 1990, it was perceived in some circles as being overly ambitious if not foolhardy. Gold…
INSIDER TRADING (December 30, 1991)
American Barrick Resources (TSE) Vice-President Kenneth Thomas recently earned a substantial profit by exercising options on the Toronto-based gold producer’s stock. According to the Ontario Securitie…
Camreco merger is complete
The amalgamation of Camreco (TSE) and Environmental Technologies Investments is complete. Consequently, the common shares of Camreco have been delisted from The Toronto Stock Exchange and replaced by …
NEWS ROUNDUP (December 30, 1991)
Vancouver-based Athabaska Gold Resources (TSE) has obtained financing to acquire from Chevron Minerals the 40% interest it doesn’t already own in the Nicholas Lake gold project in the Northwest Territ…
Home Lake allows claims to expire
Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…
PRODUCER PRICES (December 30, 1991)
ALUMINUM: MW U.S. market US50.00-50.75 cents per lb. (Dec. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
VIEW FROM THE WEST
Recently I read a book entitled Trashing the Planet by Dixy Lee Ray with Lou Guzzo, which gives a common-sense view of contentious environmental issues. Ray notes that Dr. James Hansen, who in 1988 tr…
Vancouver Stock Exchange (December 30, 1991)
Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…