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…
News
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. …
FINANCING (June 25, 1990)
VANCOUVER Beauchamps Expl — 600,000 sold for gross $360,000. Link Res — rt exerc on 180,000 @ 52 cents per sh. Omega Gold — 1,000,000 sold for gross $810,000. Waterford Res — rt exerc on 200,000 @…
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…
News in Brief Repadre Resources
Repadre Resources has changed its name to Repadre Capital Corp. (RPD:VSE) on a share-for-share basis. Transfer agent is Pacific Corporate Services Ltd.
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…
BRIEFS Cal Graphite split
Cal Graphite (VSE) recently received shareholder approval for a split of its shares on a 2-for-3 basis. Subject to VSE approval, the company has set June 29 as the record date of the stock split. Cal …
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…