News

Frustrated promoter Pexim `quitting the business’

Mark Twain’s satirical observation that October is a bad month for the stock market rang true once again as the Vancouver Stock Exchange ushered in the month by tallying up its worst trading day in ei…


Gold Standard wins Mercur case round

Utah-based company Gold Standard (NASDAQ) recently won what it regards as a significant ruling in its attempt to win control of the Mercur mine from American Barrick Resources (TSE). The Utah Supreme …


Portfield changes name to Canmine

Portfield Industries (COATS) has changed its name to Canmine Resources (COATS) and expects to be trading under its new name and share structure immediately. Canmine has a portfolio of 10 precious and …


Curragh set to build Westray coal project

Curragh Resources (TSE) is set to start construction and development of the Westray coal project in Pictou County, N.S. The company says it has arranged financing through a $100-million loan from the …


EDITORIAL Encouraging signs

When it comes to environmental trends, the U.S. is often a few steps ahead of Canada. So it is good to see some indications that environmental activism in the U.S. is not entirely driven by hysteria. …


Manitouwadge miner takes cabinet post

Gilles Pouliot, 48, MPP for Lake Nipigon, has been appointed mines minister for Ontario. Pouliot, a miner who has spent the last several years in Manitouwadge, Ont., will take over from the former min…


PEOPLE PACIFIC GOLD

Douglas Hooper appointed to the board of directors and on an interim basis, appointed president by the board.


Work suspended

Mill construction at the Ray copper mine expansion in Arizona has been temporarily suspended pending the resolution of an issue related to permitting at the site, Asarco (NYSE) reports. The company sa…


Montreal Exchange Drilling at Douay

The mining and minerals index tumbled by almost 62 points during a week in which gold briefly topped the US$400 mark. The general market portfolio index fared much better, moving up by 18.4 points. Fo…


Metal Prices FREE MARKET (October 08, 1990)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 2 October 1 September 28 September 27 September 26 Copper 1502-1504 1474-147…


Lytton to buy more Tagish shares

The Toronto and Vancouver Stock exchanges have accepted the filing of an agreement that will allow Lytton Minerals (TSE) to increase its holding in Tagish Resources to one-half the outstanding shares …


Gulf developing reserve on McLymont

Drilling on the McLymont Creek property, owned by Gulf International Minerals (VSE), is continuing to return good gold values. The property is in the Iskut River area of northwestern British Columbia….


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