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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…


NEWS IN BRIEF Welcome North Mines

Welcome North Mines Ltd. (WLN:VSE) has changed its name to Welcome North Resources Inc. (WLN:VSE) with no consolidation of capital. Transfer agent is Montreal Trust.005…


Cameco, Uranerz close $160 million Rabbit Lake deal

Government-owned mining company Cameco has completed the sale of a one-third interest in its Rabbit Lake uranium mine to Uranerz Exploration and Mining, a unit of West Germany’s Uranerzbergbau-Gmbh. ….


Golden Triangle McLeod’s home base

Projects in the Golden Triangle of northwestern British Columbia have upstaged star performers in other provinces to become Canada’s hottest plays this summer. Among them is Newhawk Gold Mines’ Sulphu…


LAC drops option on Silverside bet

An option to acquire a 50% interest in the Garrison Twp. gold property of Silverside Resources (TSE) in northeastern Ontario has been dropped by LAC Minerals (TSE). Silverside President Babu Gajaria s…


EDITORIAL PAGE Metal industry prospects in the 1990s

Just when you thought you had seen it all — the dismantling of the Berlin Wall, free elections in the East Bloc nations and an attempt at political reform in the Soviet Union — along comes power-hun…


Alberta Stock Exchange Fear boosts gold

Trading volumes were generally lower during the week ended Aug. 7 as most investors appeared to be awaiting the outcome of events in the current Middle East turmoil. Meanwhile, gold prices surged ahea…


Montreal Exchange Mazarin, Cambior deal

In response to the latest Mid- East crisis involving a show of force by Iraq, the ME, like its sister equity markets around the world, took it on the chin for the week ended Aug. 7. The general market…



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