PEOPLE ARMENO RESOURCES
Bedo Kalpakian appointed president succeeding Setrak Kalpakian who passed away; Jacob Kalpakian appointed vice2Dpresident and director.
News
Potash sale to fund Chinese aid projects
The Canadian International Development Agency (CIDA) says it will purchase $4.6 million worth of potash fertilizer from Saskatoon-based Canpotex for delivery to China. Canpotex handles offshore sales …
Vancouver Stock Exchange Tymar, Akiko-Lori, Varitech busy
Both the Vancouver Stock Exchange composite and resource indices staged rebounds over the week ended Feb. 26. The composite index added more than 10 points to finish at the 534 level while the resourc…
No new tax breaks for mining in the latest federal budget
A budget aimed at reducing the federal deficit to $6.5 billion in 1996 from $30.5 billion this year and putting a cap on inflation had nothing in store for the Canadian mining industry. Requests for t…
U.S. REPORT Hecla boosts gold production
A substantial increase in gold production last year enabled Hecla Mining (NYSE) to report 1990 earnings of US$5.1 million, or US19 cents per share, compared with a loss of US$22.4 million in 1989. Hec…
Gauther would sell St. Genevieve Resources
Apparently fed up with waiting for his company’s share price to move upward, St. Genevieve Resources (TSE) Chairman Pierre Gauthier has retained Merrill Lynch Canada to find a buyer for the Montreal-b…
Positive feasibility for Andacollo bet
The phase-one final feasibility study on the Andacollo Gold project in Chile was recently completed by consultants Bechtel Corp. The study indicates the open pit heap leach project, which is owned by …
Eastmaque reports gold production
During the month of January, Eastmaque Gold (TSE) reported gold production of 5,050 oz. from its 50% share of the American Girl Mining joint venture and its Kirkland Lake dredging operations. The Kirk…
Assayers form joint venture
A joint venture operation has been announced by Assayers Corp. and Technical Services Laboratories. Since the beginning of the year, the joint venture has operated under the name Assayers Group. Both …
LETTERS TO THE EDITOR Engineers take responsibility
A recent letter published in your paper (T.N.M., 28/91) took some cheap shots at the profession of engineering. The letter “Engineers deserve a good swift boot,’ ” written by A. Chamot, not only blame…
Denison, Ont. Hydro negotiate new pricing contract for uranium
Officials from Denison Mines (TSE) and Ontario Hydro have begun crucial discussions that will almost certainly lead to a dramatic reduction in the price Hydro is paying for the company’s Elliot Lake, …
GOLD FUNDS (March 04, 1991)
BGR Central Net Value $9.00 $4.98 Price $7.88 $4.700 Discount 12.44% 5.6% Value $53,561,388 $79,074,210…