News


IOCC GOLD OPTIONS (December 25, 1989)

Options Open Series Volume Last Interest Feb 400 C 215 20.50 2,389 Feb 410 C 328 16.50 1,462 Feb 420 C 357 12.00 2,774 Feb 430 C 1,300 7.00 2…


Toronto Stock Exchange Indices (December 25, 1989)

1989 Dec 19Dec 18Dec 15Dec 14Dec 13HIGH LOW Composite “300” 3915.083958.543986.203995.334005.764037.833353.13 Metals & Minerals 3330.593334.353346.513347.433332.813919.203207.50 Integrated mines 3442….



Miner library closed to public

Beginning Jan 1, 1990, The Northern Miner’s library will no longer be open to the public. Reports of companies’ current status will still be provided in response to written requests that are accompani…


FINANCING (December 25, 1989)

Foresthill Res — gross proceeds rec $250,000. Annax Ventures — min 500,000 offered @ 50 cents per sh. Kendra Gold — 600,000 shs sold in 300,000 units @ $1 per unit.


Gold funds as of Dec 19

MVP BGR Central Capital Net value $12.32 $6.37 $0.51 Price $11.25 $6.62 $0.37 Discount 8.69% 4.0% 27.5% Value $7…


Chabela financing

A private financing worth $500,000 is being arranged by Minerais Chabela (ME). A maximum of 50 investors will be allowed, at a cost of $10,000 per unit. Chabela plans to spend the money on exploration…


Golden Giant raise done in record time

A 2.4×2.4-m backfill raise, inclined at 69 degrees and measuring 294 m long, has been driven by a pneumatic Alimak machine at the Golden Giant mine in Hemlo, Ont. Don Cameron, Andy Roy, Matti Hakkola,…


Industrial minerals enjoy better markets

Many industrial minerals, like their more highly publicized precious and base metal cousins, have been enjoying excellent years and some should continue to do so, the Toronto branch of the CIM Mineral…


Pamorex busy drilling at property interests

A drilling program of 9,244 ft has been completed on the Holmes gold property about 50 miles southeast of Timmins, Ont., Pamorex Minerals (TSE) reports. Among the better intersections were 0.19 oz gol…


Hall of Fame Jan 1, 1990

The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…


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