News

Michael Parrett appointed vice-president and chief financial officer; William Pollock appointed vice-president, corporate development; David Muir appointed director, marketing.

Wei Lew appointed president and director. Robert Downs appointed director.

Robert Stewart appointed president and director; John Smith appointed director.

After losing more than $4 million last year, Deak Resources (TSE) is shooting for net earnings of about 10 cents per share in 1991. President Gerry Cooper told shareholders at the recent annual meetin…

Adolph Mitterer elected chairman.

Exploration work has started on the Swan property under a joint venture between Newmont Exploration and Mountain West Resources (VSE). Newmont can earn a 50% interest in the property by spending a to…

Murray Pezim appointed director.

If American Barrick Resources (TSE) and Newmont Mining (NYSE) proceed with plans to merge their North American assets into a single company, the amalgamation will automatically create a new class of g…

A unit of Rio Algom (TSE) recently agreed to purchase all of the outstanding common shares of Uranium Resources (TSE) at US$6.40 per share. The major company already holds about 8% of Uranium Resourc…

Pacific Metals (ASE), formerly Jerome Gold Mines, has entered into a letter of intent to purchase a 50% interest in the Wattle Gully gold mining project in Australia. Situated in the Chewton goldfiel…

June 25 June 24 June 21 June 20 June 19 HIGH LOW Comp “300” 3478.69 3478.77 3516.21 3527.34 3529.47 4009.47 3009.91 Metals & Minerals 3161.77 3162.36 3204.57 3226.18 3218.47 3453.06 2502.63 Integ…

The consolidation that has become fashionable lately in the gold industry gathered steam during the week ended June 25, with Royal Oak Resources cutting a deal with dissident shareholders in the Pamou…