Vancouver Stock Exchange Pockets of excitement
Despite some pockets of excitement, the general market in Vancouver was recently characterized by a local mining analyst as “bleeding badly.” Both the Vancouver Stock Exchange composite and resource i…
News
EDITORIAL PAGE Leading indicators
If you want numbers on the gross domestic product, on inventories, on the trade balance, employment or inflation, Statistics Canada and other sources have more than enough data to keep you busy. Unfor…
FINANCING (June 24, 1991)
Barkhor Resources Inc. – 1,000,000 units consisting of 1 sh and 2 wts offered @ 47 cents per unit.
OBITUARY Peter Edwin Graham
Peter Edwin Graham, who in 1975 formed Graham Mining Ltd. with his father and built it into one of Ontario’s major mine contracting firms, died in Thunder Bay, Ont., June 11 of a massive brain hemorrh…
PEOPLE IGRF METALS
Paul Gold elected president and chief executive officer.
Copper price reflects trend in supply figures
Having surprised analysts with its resilience since the early stages of the recession, copper has finally reacted to the fundamentals of supply and demand. It fell through the US$1 threshold last mont…
Plexus refinances
A new loan facility totalling US$12.5 million was recently negotiated by Plexus Resources (TSE). Plexus will use the funds to repay an existing 17,100-oz. gold loan (US$7.2 million) as well as US$2….
Unlisted Trading Craibbe surges
The share price of Craibbe-Fletcher Gold Mines has surged above the 70-cent level as the company plans to resume underground exploration of its property that adjoins the Campbell mine at Red Lake, Ont…
Drill results from Myra Falls
Ongoing drilling by Westmin Resources (TSE) at its Myra Falls mine property returned two relatively narrow intersections of massive sulphide mineralization. The company is testing a new high-grade ma…
Paymaster gives encouraging results from drilling, drifting
The first drill core assays from an underground program at the Paymaster property near Timmins, Ont., suggest that the gold-rich 36 and 37 zones continue downdip. Testing extensions of the zones at a…
NEWS IN BRIEF Inspiration accepts Minorco offer
Inspiration Resources (TSE) has accepted Minorco’s recent $100-million offer to purchase from Inspiration all of the shares of Hudson Bay Mining & Smelting (TSE). If the deal goes through, it will ena…
Montreal Exchange Settlement at Faro
After a 10-week strike, Curragh Resources has reached an agreement with employees at the Faro lead-zinc mine in the Yukon. The deal calls for a 17.6% wage increase over three years as well as other pa…