PEOPLE DORSET EXPLORATION
Edward Molnar appointed president and chief executive officer.
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PEOPLE GOLD CANYON RESOURCES
Michael Levinson appointed director and chairman of the board.
EDITORIAL Interest rates must come down quickly
The time is right for Bank of Canada Governor John Crow to ease up on interest rates. Fighting inflation may have been sufficient reason to jack up rates during the past two years. Today, the threat o…
Anglo stops first hole short of targeted zone
Anglo Canadian Mining (TSE) has had to abandon its first hole short of the intended target at the MWF gold property in Matheson Twp., Ont. Anglo hit a badly fractured zone at depth which threw off the…
Timmins Nickel reduces costs, seeks more ore
Junior nickel miner Timmins Nickel (TSE) says it has substantially reduced costs at its 51% owned Redstone mine, 14 miles south of Timmins, Ont. The other 49% interest in the deposit is held by BHP-Ut…
Potash Corp. set to buy Saskterra
Saskatoon-based Potash Corp. of Saskatchewan (TSE) is set to acquire all the shares of Saskterra Fertilizers from Husky Oil for $47 million. The acquisition, which has been given preliminary approval …
Study calls for Brunswick smelter cleanup
A recent study into working conditions at Brunswick Mining and Smelting’s (TSE) lead smelter in Belledune, N.B., has found that contaminants contained in the plant are affecting the health of employee…
Alberta Stock Exchange Durvada gold discovery
Continuing weakness in the price of bullion which has recently been hovering around US$354 an oz. was reflected by lacklustre trading in gold stocks during the week ended July 10. Shares of Durvada Re…
GOLD FUNDS (July 16, 1990)
MVP BGR Central Capital Net value $10.77 $5.59 $0.34 Price $9.375 $5.750 $0.19 Discount %12.95% %2.9% 44.1% Value $64,131,138 $96,739,725 N/A…
Giant Yellowknife, Pamorex in deal
A deal worked out between Pamorex Minerals (TSE) and Giant Yellowknife Mines (TSE) could see the Nighthawk Lake gold deposit 10 miles east of Timmins, Ont., brought into production within two years. P…
Aurizon acquiring additional claims
An option to purchase a 100% interest in claims adjacent to the Sleeping Giant gold mine north of Amos, Que., has been acquired by Aurizon Mines (TSE) from George Venne of Val d’Or, Que. The claims li…
PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…