News


New president named for Dickenson, Wharf

A new president has been named for Dickenson Mines (TSE) and associated company Wharf Resources (TSE) in the wake of John Kachmar’s resignation and the removal of a number of directors. Kachmar, 53, w…



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…


Newspapers popular information source

For the majority of Canadian shareowners, newspapers are the most popular source of investment information, according to a shareownership survey conducted by The Toronto Stock Exchange. The survey, co…



Correction (April 23, 1990)

A preliminary reserve estimate of 800,000 tons grading 0.177 oz. gold (uncut) and 12.63 oz. silver is reported by Biron Bay Resources (ASE) for the company’s Summit gold project in New Mexico. Incorre…


Cache drilling at Courville

More encouraging drilling results have been reported by Explorations Cache (ME) from three holes at the Courville gold property northeast of Val d’Or, Que. Cache, which is earning up to a 50% interest…


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…



Marshall ups stake in Eden Roc to 67%

In return for $1.4 million, Marshall Minerals (ASE) has acquired seven million shares of Eden Roc Mineral (ASE). As a result of the private placement, Marshall now owns a 67% stake in Eden Roc on an u…


Newmont selling stake in coal miner

Newmont Mining’s (NYSE) attempt to reduce its debt by selling non-core assets continued recently when the Denver company agreed to sell its 54.97% stake in Peabody Holding Co. to a U.S. subsidiary of …


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