Commodity index follows flat trend
The all-commodity price index of Scotiabank dropped slightly in May, continuing a largely flat trend. Gains in the metals and minerals sub-index offset declines in the three other sub-indices. The all…
1990
Corona revises plans for merger to bypass Pezim
Murray Pezim, chairman of Prime Resources (VSE), has forced Corona (TSE) to revise its plans for control of the Eskay Creek gold play. As a result of Pezim’s rejection of Corona’s bid for a larger sta…
Correction Geddes Resources
Contrary to what was reported (T.N.M., July 2/90), Geddes Resources (TSE) is proposing to construct a 104-km road to link its Windy Craggy project to the Haines Highway which then leads south to Haine…
Gold price forces shut down of Canamax’s Kremzar, Ketza
Unless gold prices improve dramatically in the near future, Canamax Resources (TSE) will wind down production temporarily at two of its three Canadian gold mines. A company spokesman said the Ketza Ri…
Asarco options Asquith property
A Canadian subsidiary of Asarco (NYSE) recently signed an option agreement to earn a 60% interest in 71 claims owned by Asquith Resources (COATS) in the Shining Tree area of northern Ontario. Asarco c…
NEWS IN BRIEF Dunfrazier Gold Expl.
Dunfrazier Gold Expl. (DFG: ASE) has extended the expiry date for its rights offering from May 17 to July 16.
NEWS IN BRIEF Goldbrae Developments Ltd.
Goldbrae Developments Ltd. (GOB:VSE) has changed its name to New Goldbrae Developments Ltd (NGG:VSE) and consolidated on a 1-new-for-5-old basis. Montreal Trust is the transfer agent.
Toronto Stock Exchange Indices (July 09, 1990)
July 3 July 2 June 29 June 28 June 27 HIGH LOW Composite “300” 3559.90 Holiday 3543.93 3529.92 3519.28 4009.47 3334.1 Metals & Minerals 3262.24 Holiday 3208.54 3185.97 3164.61 3453.06 2850.84 Integrat…
Pioneer’s future put in question
A recent decision by the British Columbia Supreme Court has placed Pioneer Metals (TSE) a step closer to bankruptcy. The ruling held that Pioneer was in breach of a covenant on its Nov. 10, 1988, loan…
More resignations at Cheni
Just months after Paul Girard resigned as president, Cheni Gold Mines (TSE) has announced the resignation of Malcolm Taschereau, chairman of the company’s board of directors and executive committee. E…
People INDEPENDENCE MINING COMPANY INC.
Allan Moran elected as vice-president of the company and manager of U.S. Exploration.
St. Genevieve’s stake in Louvem may be key to settlement with Aur
Just eight weeks before litigation involving the Louvicourt Twp. massive sulphide discovery is scheduled to be heard in court, partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) are attempt…