LAC, Echo Bay added to main ME index
The Montreal Exchange currently includes six mining and metals firms among the 25 companies that make up its market portfolio or general market index. Newly added are LAC Minerals and Echo Bay Mines. …
1990
People (April 23, 1990)
TAYWIN RESOURCES — Larry Reaugh elected a director.
Toronto Stock Exchange Earnings picture, dollar take toll on
Uncertainty caused by a slowing economy and rising interest rates continued to take its toll during the week ended April 17 on The Toronto Stock Exchange as the composite 300 index gave up 36.88 point…
Sun River, Bre-X plan production at Arizona property
Based on a recent letter of agreement, Sun River Gold (VSE) and Bre-X Minerals (ASE) plan to form a joint venture to place into production the United Western gold mine project near Oatman, Ariz. In or…
Pioneer accepts Placer Dome offer
Pioneer Metals (TSE) recently accepted an offer from a unit of Placer Dome (TSE) to joint venture its Bonito gold-silver property in New Mexico. In order to earn a 60% interest, Placer Dome is require…
Alberta Stock Exchange BMR sheds 19 cents
Most junior gold stocks remained unchanged or moved slightly lower during the week ended April 17 as the price of bullion remained in a bearish trend. With more drilling planned at its America mine pr…
Executive pay heads skyward when stock options exercised
Despite a year of modest metal and mining share price increases, documents filed with the U.S Securities and Exchange Commission (SEC) indicate that several mining executives are earning compensation …
St. Genevieve in Scintilore deal
A subsidiary of Montreal-based St. Genevieve Resources (TSE) has signed an option agreement allowing it to earn up to 50% of Scintilore Exploration’s (TSE) P-T gold-base metal property in Quebec’s eas…
Noranda, Major General set reserve figure
Recent drilling results from the Rendell-Jackman gold project in the Springdale area of Newfoundland have allowed equal partners Major General Resources (VSE) and Noranda Exploration (TSE) to establis…
New president named for Dickenson, Wharf
A new president has been named for Dickenson Mines (TSE) and associated company Wharf Resources (TSE) in the wake of John Kachmar’s resignation and the removal of a number of directors. Kachmar, 53, w…
Lithium shares quadruple on Oxford Lake drilling results
Based on recent drilling results from Noranda’s (TSE) Oxford Lake properties in Manitoba, the Rusty gold zone discovered last year appears to be continuing downdip. Narrow zones of mineralization, inc…
U.S. Report Cyprus options Noble Peak’s Crypto zinc deposit in Utah
The Crypto zinc deposit in Utah will undergo further exploration and development as the result of an agreement between Noble Peak Resources (ASE) and Cyprus Metals Exploration, a unit of Cyprus Minera…