News

Gold shrugs off Moscow crisis, brief rally stalls

Stock markets reacted negatively and the price of gold was in convulsions following the latest political turmoil in the Soviet Union which saw the reform-minded president, Mikhail Gorbachev, removed f…


Vancouver Stock Exchange (August 26, 1991)

Uncertainty surrounding recent events in the Soviet Union sent VSE indices on a wild ride over the reporting period ended Aug. 20. The composite index touched a low of 551.61 before rebounding to clos…


Wetsuits keep raise workers dry

A Canadian mining contractor working at a project in Indonesia recently resorted to wetsuits to prevent its workers from possibly contacting hypothermia. Ram Raising of Timmins, owned by Redpath and a…


Globex, Noranda in option deal

An option agreement to earn up to a 70% interest in the Lyndhurst project north of Rouyn-Noranda, Que., from Globex Mining Enterprises (ME) has been signed by Noranda Exploration, a unit of Noranda (T…


Crown hurt by drop in Kettle River’s grade

Lower grades as well as slightly lower recoveries at the 30% owned Kettle River gold mine in northeastern Washington are reflected in this year’s first-half results for Crown Resources (VSE). Crown re…


TORONTO STOCK EXCHANGE INDICES (August 26, 1991)

Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 High Low Composite “300” 2485.26 3484.61 3527.54 3534.44 3541.83 4009.47 3009.91 Metals & Minerals 3033.77 3040.22 3061.76 3091.39 3076.54 3453.06 2502.63 Integrated…


Gold Fields explores Eskay camp

A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…


Toronto Stock Exchange (August 26, 1991)

For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…


Giant Pacific plans warrant issue

Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …


Tenajon acquires Bend gold vein

A 10-hole drill program was recently completed on the Bend vein, a gold exploration target near Stewart, B.C. The vein is located within claims owned by the Summit joint venture held equally by Tenajo…



EDITORIAL PAGE (August 26, 1991)

The failure of gold to react to the crisis in Moscow is clear evidence that gold is just another commodity on the world’s trading markets. But then the world has become blase about political crises al…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close