PEOPLE CHELAN RESOURCES (June 03, 1991)
Brian Koehn and George Graham appointed directors succeeding Luke Manicaros who resigned.
News
Alberta Stock Exchange Golconda up 18 cents
Planning to launch a second drilling phase on each of three gold properties, Golconda Resources traded heavily in the week ended May 28, gaining 18 cents to close at 60 cents. The Calgary-based explo…
World’s biggest gold miner in the making — Barrick, Newmont talk
American Barrick Resources (TSE) and Newmont Mining (NYSE) are discussing the possibility of marrying their vast gold producing assets into a single entity that analysts say will be the world’s larges…
Vancouver Stock Exchange NCA sees heavy action
The VSE remained relatively stable during the week ended May 28. The composite index was virtually unchanged at the 560 level while the resource index staged a rebound to finish at 518.8, up by 13.7 p…
St. Andrew reports writedown
Gold producer St Andrew Goldfields (TSE) has written down the value of its producing and non-producing mining properties, and written off related development, preproduction and exploration costs, for …
Insider Trading Atlanta insiders benefit from price rally
A number of Atlanta Gold (TSE) insiders recently took advantage of the recent price rally sparked by an agreement that gives Newmont Mining (TSE) the option to earn 51% of Atlanta’s Elmore silver proj…
Gold supply levelling off according to Gold Fields
The Western world mine supply of gold rose to a new high in 1990, but the rate of growth was less than in 1989, indicating total world supply may soon be levelling off. London-based Gold Fields Miner…
PROFILE Falconbridge’s Belford tackles new challenges at Sudbury
After more than two decades at the Kidd Creek mine, Eric Belford’s recent reassignment as vice-president and general manager of Falconbridge Ltd.’s Sudbury division has meant an entirely new focus for…
U.S. REPORT LAC, Equinox hit new gold zone with first hole this
Partners LAC Minerals (TSE) and Equinox Resources (TSE) are reporting a new gold discovery on their joint venture Rosebud property in northwestern Nevada. The report is based on results from the first…
TORONTO STOCK EXCHANGE INDICES (June 03, 1991)
May 28 May 27 May 24 May 23 May 22 HIGH LOW Comp. “300” 3492.78 3456.64 3456.06 3446.39 3448.05 4009.47 3009.91 Metals & Minerals 3089.40 3002.61 3996.17 2966.02 2984.31 3453.06 2502.63 Integr…
METAL PRICES FREE MARKET (June 03, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 28 May 27 May 24 May 23 May 22 Copper 1270-1271 — 1…
Success with stepout hole could revitalize Myra Falls
The share price of Westmin Resources (TSE) continued to gain strength after a recent stepout drill hole on its Myra Falls property intersected a 22.7-metre (74.4-ft.) section of high-grade massive sul…