Moss-Power, NAR buy Pickle Lake bets
North American Rare Metals (ME) and Moss-Power Resources (TSE) have agreed to purchase the remaining 41% interest in the Dorothy Lake and Dobie River properties near Pickle Lake, Ont. The interest, cu…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (August 13, 1990)
Aug. 7 Aug. 6 Aug. 3 Aug. 2 Aug. 1 HIGH LOW Composite “300” 3470.68 Holiday 3516.94 3546.97 3569.15 4009.47 3334.13 Metals & Minerals3189.64 Holiday 3295.38 3350.09 3382.78 3453.06 2850.84 Integrated …
Anglo has trouble wedging drill hole
Anglo Canadian Mining (TSE) has experienced some difficulties while wedging a second drill hole on its MWF gold property near Timmins, Ont., where Anglo is spending $250,000 to earn a 50% project inte…
La Sarre Mining arranges financing
A flow-through share financing worth $600,000 is being finalized by La Sarre Mining Exploration (ME) with Valeurs Mobilieres S.M.C. of Quebec. The proceeds will be used to finance an exploration progr…
Hudbay profit down 40% in second quarter
Sharply lower profit was reported in the quarter ended June 30 by Hudson Bay Mining and Smelting (TSE), Canada’s fourth largest producer of copper and zinc. The company said its profit in the second q…
NEWS IN BRIEF Paget Resources Ltd.
Paget Resources Ltd. (PAG: VSE) has changed its name to Peltech Industries Inc. with no consolidation of capital. Transfer agent is Pacific Corporate Services.006…
Cheni earnings (August 13, 1990)
Net earnings for Cheni Gold Mines (TSE) for the six months ended June 30 totalled $2.5 million or $22 cents per share. The results compare with net earnings for the four months ended June 30, 1989, of…
Noranda baffled by vanishing Karpa Spring gold find
What had at first appeared to be a significant new gold discovery in the Karpa Spring region of Western Australia has turned out to be a disappointment for joint venture partners Noranda (TSE) and Per…
PEOPLE COMMODITY EXCHANGE, INC. (COMEX)
David Halperin appointed president of the exchange.
PEOPLE CHENI GOLD MINES (August 13, 1990)
Edmond Lemieuk appointed vice-chairman and chief executive officer succeeding Malcolm Taschereau who resigned.
PEOPLE CITY RESOURCES
David Paice appointed chairman, president and chief executive officer replacing Michael Berthelsen who resigned. Andrew Robertson and Peter Rook- Green appointed directors replacing Reno Calabrigo and…
Results from Ski disappoint investors
Assay results were released by Adrian Resources (VSE) for the first two holes drilled on the Ski project north of Stewart, B.C., and adjacent to the Eskay Creek project, owned by Prime Resources Group…