St. Phillips to acquire Stork
Subject to regulatory approval, St. Phillips Resources (VSE) has negotiated the acquisition of Stork Resources through a share issue. St. Phillips will issue the private company’s shareholders 600,000…
News
Access to land, capital prominent issues in 1991
With 1990 behind us, it is appropriate to review two issues of last year that stood out and are likely to remain prominent in 1991 for not only British Columbia but Canada as a whole — access to land…
Gold King in black
After losing US$25,000 in the 1989 third quarter, Gold King Consolidated (VSE) reported a gain of 9.5US$39,000 for its 1990 third quarter ended Sept. 30. Revenues for the recent quarter increased to U…
Agnico chief tells board of illness
The board of directors of Agnico- Eagle Mines (TSE) was recently told that the company’s president and chief executive officer, Paul Penna, is being treated for cancer. In a press release from the gol…
Teck options Greenland bet of Platinova
An agreement has been entered into between Platinova Resources (TSE) and Teck (TSE) whereby the latter may earn a 50% interest in Platinova’s East Greenland gold- platinum project. To earn its interes…
IOCC GOLD OPTIONS (January 07, 1990)
Options Open Series Volume Last Interest Feb. 360 C 50 36.50 303 Feb. 380 C 47 20.50 940 Feb. 400 C 85 10.00 1,925 Feb. 410 C 40 6.75 1,568 Feb. 420 C 72 5.25 2,280 Feb. 430 C 125 3.00 635 Feb. 460 C …
Ruling clears the way for FirstMiss spinoff
First Mississippi (NYSE) hopes to spin off its gold mining subsidiary, FirstMiss Gold (NASDAQ), some time in 1991, the company says. The resource and technology company recently received a long- await…
Contract ratified by Hudson Bay employees
About 61% of the 1,600 union employees at Hudson Bay Mining & Smelting’s (TSE) Flin Flon and Snow Lake operations in Manitoba recently voted in favor of a new 3-year wage contract. While the previous …
LETTERS TO THE EDITOR Engineer suggests measures to reach
We are witnessing a downsizing of the middle class in this country because of uncontrolled government spending, uncaring government policies and unbearable tax grabs by all levels of government. There…
Montreal Exchange Low holiday volumes
Low daily trading volumes, in the 2-million-share range, marked a week shortened by the year-end holidays. Both the market portfolio and the mining and minerals index managed advances during the week …
Ont. geoscientists meet to discuss registration issue
The first meeting of a Sudbury- based group which is seeking formal registration for all professional geoscientists in Ontario was held recently at Sudbury, Ont. Ed Sawitzky, vice-chairman of the Sudb…
Curragh financing of Mt. Hundere bet given green light
Curragh Resources (TSE) and partner Hillsborough Resources (TSE) recently completed arrangement for a $55-million financial package for construction of the Mt. Hundere lead-zinc project in the Yukon T…