PEOPLE — CORDAL RES. (July 29, 1996)
David Duval appointed president and director; Robert Paul appointed director.
News
Armistice cuts gold at V-town
Two surface holes at the Virginiatown, Ont., property of Armistice Resources (ACI-M) have intersected gold mineralization in a geological setting the company believes is the faulted extension of the K…
PEOPLE — CYCONE CAPITAL
T. Magee appointed president.
PEOPLE — CYPRESS MINERALS (July 29, 1996)
Donald Huston appointed president and director.
COMMENTARY — Disclosure in the marketplace
The Finance Committee of the Investment Dealers Association of Canada (IDA) agrees with the Toronto Stock Exchange Committee that the unrestricted flow of information from corporate issuers to investo…
Placer Dome moves to rectify tailings spill at Philippine mine
The accidental escape of tailings at its 40%-owned Marcopper mine in the Philippines is reflected in the second-quarter earnings of Placer Dome (PDG-T).The company lost US$32 million (or US13 cents pe…
Teck reports steady earnings
Second-quarter earnings remained steady for Teck (TEK-T).The company earned $19.7 million (or 20 cents per share) on revenue of $187.4 million, compared with a net income of $18.1 million on $181.7 mi…
High grade reported at Alta Gold’s Olinghouse
The first batch of results from this year’s drill program at the Olinghouse gold deposit, 35 miles east of Reno, Nev., surpassed the expectations of owner Alta Gold (ALTA-Q).The results confirm previo…
Southern Peru cuts ribbon on new plant
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Breakwater completes Nanisivik purchase
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…
EDITORIAL PAGE — Business as usual
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
Sun shines brightly over Pirquitas silver play
In northwestern Argentina, Sunshine Mining & Refining (SSC-N) will double its efforts at the Pirquitas silver deposit for the second half of the year.The company spent US$1.3 million on drilling, assa…