People PACIFIC GOLD (December 17, 1990)
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
News
Mahogany set to buy 33% of Columbia Gold
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…
Scotia Prime teams up with Phelps on Nova Scotia holdings
Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…
Cominco and Redfern encounter fault zone
Drilling on the Tulsequah Chief project has encountered a clay-rich fault zone which will delay holes 28 and 29. Tulsequah Chief is a joint venture 60% owned by Cominco (TSE) and 40% owned by Redfern …
Editorial Japan knows
“The Japanese are very concerned that the world will soon be faced with a shortage of base metals. Its Ministry of International 0000,1206 Trade and Industry predicts continued strong growth in copper…
Metal Prices FREE MARKET (December 10, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 4 December 3 November 30 November 29 November 28 Copper 1290-1292 1302-1304…
Editorial Exploration versus lotteries
There is something wrong with a system that encourages people to spend money on government-operated lotteries while companies involved in mineral exploration go begging. Lotteries contribute nothing t…
Dayton issue active on Chile bet results
Shares of Dayton Developments (TSE) were active this week, as the latest results from a feasibility study at the wholly owned Andacollo gold project in Chile were released to the public. Dayton shares…
Breakwater confident about long-term goals
Despite recent setbacks, Breakwater Resources (TSE) believes its ability to produce low-cost, “clean” concentrates will secure its position as significant international zinc producer in the long term….
Muscocho, Flanagan file creditor plans
Toronto-based Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) have both filed a plan of arrangement under the Companies’ Creditors Arrangement Act, following orders from the Ontario Co…
Sale keeps Galactic in black
Despite a third-quarter loss of US$3.2 million, Galactic Resources (TSE) reported net income of US$3.68 million for the nine months ended Sept. 30. The 9-month results were boosted by an extraordinary…
Metals prices weaken bank commodity index
A drop of 3% in October from the preceding month was reported by Scotiabank for its all-commodity price index. Contributing to the decease was a 6% tumble in October in metals prices. “Base metal pric…