PEOPLE (March 09, 1992)
Mike Moustakis appointed director.
News
Toronto Stock Exchange (March 09, 1992)
Recovering from a computer breakdown that forced the exchange to close for more than half a day, the TSE 300 was up 10.85 to 3587.64 today, March 4. The moderate increase followed a record high set on…
TORONTO STOCK EXCHANGE INDICES (March 09, 1992)
Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 High Low Composite “300” 3576.79 3579.47 3580.94 3584.08 3580.46 4009.47 3009.91 Metals & Minerals3115.70 3096.57 3096.02 3094.21 3126.27 3453.06 2502.63 Integrated Mi…
Westar reviews re-restructuring
Only two years after completing a debt reorganization, Westar Mining (TSE) is reviewing a further restructuring of its financial obligations. The original restructuring, completed in early 1990, resch…
U.S. REPORT (March 09, 1992)
In order to get a better handle on deep mineralization below open pit reserves, Atlanta Gold (TSE) may rehabilitate some old underground workings at its 100% owned Atlanta Gold property in Elmore Cty….
Hemlock further explores Golden Quail property
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
Gutrath increases Queenstake interest
Gordon Gutrath, president of Queenstake Resources (TSE), recently increased his holdings in the company to 17.34% through the purchase of 1.44 million shares from Australian firm Sandhurst Mining. Gut…
FMC makes plans for lithium source
Plans to explore and develop a source of lithium in Bolivia were announced recently by FMC (NYSE). Source of the lithium is a brine deposit considered to be among the largest reserves of the mineral i…
Restructuring plans at Breakwater
The previously announced corporate restructuring of Breakwater Resources (TSE) moved a step closer to fruition with the recent execution of a formal agreement with a group headed by Roy Shipes of Tucs…
Mimiska acquiring Nevada property
An agreement to purchase 100% of the Malachite gold-silver-copper patented mining claim in Lyon Cty., Nev., from Lexus Minerals has been entered into by Societe Miniere Mimiska (ME). Mimiska said a st…
Record diamond output at Argyle
The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…
Con chalks up record output of 123,000 oz.
A production record of 123,000 oz. gold was set in 1991 by a unit of Nerco (NYSE) at its Con gold mine on the outskirts of Yellowknife, N.W.T. The Canadian operation was the largest contributor to Ner…