News

PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…

Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …

Shares of Black Gregor Explorations have been trading actively at around the 59 cents level recently as the company’s gold prospect 10 miles north of Marathon, Ont., has caught the eye of some senior …

Management of Breakwater Resources (TSE) and American Pacific Mining (TSE) have agreed in principle to a plan that will see Breakwater acquire all the issued and outstanding shares of American Pacific…

Week’s Price (US) Change Gold*$419.90+$ 2.35 Silver*$ 5.30+$ 0.09 Platinum*$509.80–$ 0.55 Nickel**$ 2.78+$ 0.06 Lead**$ 0.33+$ 0.01 Copper$ 1.02+$ 0.02 Zinc$ 0.60+$ 0.02 Courtesy of Scotiabank. Infor…

Investors sold off gold shares today, Feb. 7, forcing the index below the 8,000-point level to 7,943.92 points, off 73.73 points on the day. The bout of profit-taking came about despite another jump i…

This is the first of a regular monthly column by M.R. Brown, publisher emeritus of The Northern Miner. Work and play can make a good mix, even in semi-retirement. A case in point would have to be a vi…

Net earnings of US$30.5 million (31 cents per share) for 1989 on revenues of US$186 million were reported by LAC Minerals (TSE), compared with earnings of US$38.4 million (42 cents per share) in 1988 …

Shareholders of Acadia Mineral Ventures (TSE) have elected a new board of directors. Fewer than 19% of the eligible shares were voted. Recently elected at the company’s annual meeting at the National …

A 48-metre core intersection of massive and disseminated sulphide has been pulled by Louvicourt Gold Mines (COATS) on the northern portion of company property near Val d’Or, Que. Louvicourt, 58% owned…

Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…

Although it managed to secure new feed for its nickel refinery in Fort Saskatchewan, Alta., Sherritt Gordon (TSE) has been hit hard by falling base metal prices. The Toronto-based company’s 1989 net e…