Extraordinary gain boosts Pioneer
The conversion of the balance of a 52,000-oz. gold loan to a U.S. dollar loan has brought about a $5.5-million profit for Pioneer Metals (TSE). As a result, net earnings for the first quarter ended Ma…
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TVX seeking deal on big Brazilian nickel deposit
Toronto-based Consolidated TVX Mining (TSE), a growing gold producer with interests in four projects in South America, is moving toward becoming a nickel miner. Shareholders at the recent annual meeti…
MAC to adopt product stewardship approach
The 100 members of the Mining Association of Canada (MAC) will be taking on added responsibilities for protecting the natural environment under its new Chairman Keith Hendrick. He is also president of…
Graphicor options SOQUEM property
An option to earn a 50% interest in the Lac Carmin graphite property near St. Jovite, Que., has been acquired by Exploration Graphicor from SOQUEM, the Quebec Crown- owned mining exploration company. …
Canchrome uncovers chromite values
Recently completing drilling programs on two chromite properties in Quebec’s Eastern Twps. was Canchrome Mines. On the Reed Belanger property, 22 holes representing 6,425 metres were drilled. The comp…
Dynamic changes
Shareholders of investment management company Dynamic Capital Corp. recently approved a name change to Dundee Capital Corp. and a reorganization of the share capital. Each holder of common or subordin…
Gem Safari planned for `Down Under’
A Vancouver mining engineer and gemmologist will lead a tour of Australia for hunters on the trail of opals, sapphires and other gems. Led by Ron Stokes, the opal and gem safari will run from late Oct…
Shareholders seek to oust management of Seven Mile High
A shareholders’ committee representing over 50% of the issued shares of Seven Mile High Group (VSE) recently launched a public campaign to remove most of the company’s management team. Seven Mile is a…
North Lily to drill
A trenching program on the Nine Mile property has prompted owners North Lily Mining (NASDAQ) to proceed with a drilling program. The trenching program tested a 4,400-ft. long east-west trending fault …
Toronto Stock Exchange Indices (June 25, 1990)
June 19 June 18 June 15 June 14 June 13 HIGH LOW Composite “300” 3529.05 3519.85 3569.09 3577.11 3605.71 4009.47 3334.13 Metals & Minerals 3181.04 3183.21 3217.65 3229.20 3250.72 3453.06 2850.84 Integ…
Price of gold is following downward trend
The recent drop in the gold price to $345.50, a 4-year low, is part of an overall decline in the value of the metal, some analysts suggest. Although gold had picked up to $347 recently as investors to…
Juniors need `fair taxation’ to meet exploration targets
The British Columbia and Yukon chamber of Mines has been monitoring mineral exploration expenditures in British Columbia and the Yukon for at least 30 years. During this period, metal exploration expe…