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. …
News
People (April 23, 1990)
TAYWIN RESOURCES — Larry Reaugh elected a director.
Gold Commissioner upholds claim to Eskay area property
Ken McKenzie, the mysterious interloper into the Eskay Creek gold camp north of Stewart, B.C., has won a partial victory in his bid to secure ownership of highly prospective claims located adjacent to…
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…
La Teko finances U.S. mining venture
Following a recently announced private placement, La Teko Resources (VSE) is looking forward to an active exploration season on several U.S. gold properties. The private placement sold to Gateway Mini…
Westfield reports ’89 profit after selling Chilean asset
Westfield Minerals, (TSE) the company that angered shareholders by dealing its stake in a Chilean gold mine to Northgate Exploration (TSE), managed to report a profit last year. Westfield’s net income…
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…
Toronto Stock Exchange Indices (April 23, 1990)
Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 HIGH LOW Composite “300” 3513.30 3549.29 Holiday 3561.12 3565.77 4009.47 3513.30 Metals & Minerals 2985.22 3029.46 Holiday 3061.61 3092.75 3453.05 2921.03 Integ…
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 …
Aber farms out two properties
An option to earn a 70% interest in the 74,000- acre Tikiraq property owned by Aber Resources (TSE) was recently granted to Echo Bay Mines (TSE). The property, 320 miles northwest of Yellowknife, N.W….