Greenstone to test mill at Millie Mack
Toronto-based Greenstone Resources (TSE) and partner Dragoon Resources (VSE) have mobilized a 50-ton-per-day flotation mill which will begin processing material from the company’s 4,407-acre Millie Ma…
News
Agnico, Dumagami merger can’t stop takeover talk
It is business as usual at the Agnico-Eagle Mines (TSE) group now that shareholders of 43% owned Dumagami Mines have approved a merger with Agnico. At a special meeting in Montreal, 90% of Dumagami sh…
News in Brief (December 25, 1989)
Quartz Creek Gold Mines (B.C.) has changed its name to Pilot Peak Gold Inc. (VSE) on a 1-new-for-3-old-share basis. Transfer agent is Pacific Corporate Services Ltd.
Obituaries Robert Halet
Dr Robert Halet of Milton, Ont., a geologist instrumental in several significant discoveries, died recently. He was 79. Born in Brussels in 1910, he graduated with a B.Sc. in geological engineering fr…
Metal Prices (December 25, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 19 Dec 18 Dec 15 Dec 14 Dec 13 Copper 1488-149…
Hillman increasing Cal Graphite stake
A minority shareholder of Cal Graphite (VSE) is planning to increase its holdings in the junior to more than 15%. Wilmington Securities, a Delaware subsidiary of The Hillman Co., controlled by Pittsbu…
Hottest base metal (December 25, 1989)
It’s being called the hottest base metals discovery since Kidd Creek and the Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) brought a sluggish June …
Letter to the Editor Don’t fix The Miner becaus it ain’t broke’
Before The Northern Miner becomes “Southamized,” I feel that those of us who have spent a lifetime in or associated with the mining industry owe the Pearce family a special vote of thanks for a job we…
Imperial feasibility for Mt. Polley due March
By March, 1990, Imperial Metals Corp. (TSE) expects to have in hand a completed full feasibility study for the Mount Polley copper- gold project, 56 km northeast of this community in British Columbia’…
Jan 1, 1990
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Toronto Stock Exchange Major indices advance on stable commodity
All the main mining indices firmed today, Dec 20, a trend which was reflected in the composite’s gain of 4.35 points to close at 3920.15 points. Both metals and minerals and gold and silver registered…
Metall Mining boosts earnings
Income before extraordinary items of $26.7 million (71 cents per share) for the 9-month period ended Sept 30 was reported by Metall Mining (TSE), compared with $18.1 million (48 cents per share) for …