METAL PRICES PRODUCER PRICES (June 03, 1991)
ALUMINUM: MW U.S. Market US59-61 cents per lb. (May 16, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIU…
News
Pegasus’ earnings hurt by shutdown at two gold mines
A drop in gold sales and lower metal prices brought reduced first-quarter earnings for Pegasus Gold (TSE) this year over last. Pegasus reported earnings of US$378,000 for the 1991 first quarter on rev…
PEOPLE JACQUELINE GOLD
Milton Zink appointed director and president succeeding Richard Pearson; Frank Varseveld appointed director and executive vice-president.
Major General backs Rendell-Jackman
Shareholders attending the recent annual meeting of Major General Resources (VSE) were told that the company is involved in early stage discussions with Noranda (TSE) relating to the Rendell-Jackman j…
Silverside set to change name
Shareholders of Silverside Resources (TSE) voted recently in Toronto at the annual meeting in favor of a share consolidation and a name change. The company, which currently has about 10.9 million com…
FINANCING (June 03, 1991)
Jordex Resources Inc. — 400,000 shs offered @ $2.03 cents per sh. Allan Resources Inc. — 1,000,000 shs offered @ 35 cents per sh. Idaho Cons. Metals Corp. — 750,000 units consisting of 1 sh and 1 …
Tenajon, Royal Scot in merger talks
Associated companies Tenajon Resources (VSE) and Royal Scot Resources (VSE) recently agreed to start negotiations aimed at merging the two companies. Both companies have gold properties near Stewart,…
PPDA to hold 8th triathlon
The eighth annual Great Porcupine Gold Rush Triathlon, organized by the Porcupine Prospectors and Developers Association (PPDA) in Timmins, Ont., will be held July 27. As in previous years, the triath…
Metall’s Copper Range costs unlikely to decline as forecast
Operating costs at the Copper Range mine in Michigan are unlikely to decline as much as originally anticipated, said Klaus Zeitler, president of Metall Mining (TSE), a subsidiary of West German mining…
EDITORIAL PAGE Juniors adapting to new rules
Could things be any worse for junior mining companies? These have to be some of the darkest days anyone in the industry has witnessed. Seldom has there been so little interest in the mineral explorati…
First-quarter results show turnaround for Royal Oak
The latest operating results from the Pamour group of companies reflect the success of a detailed turnaround program implemented by Royal Oak Resources (TSE) since it assumed direct managerial control…
EDITORIAL PAGE Dirty work?
Mining is all too often considered a dirty word when it comes to career choices. That image is changing as young people become aware of the variety of jobs available in the industry — not just engine…