Output improving at Magino mine
Operations at the Magino gold mine of McNellen Resources (TSE) and Muscocho Explorations (TSE) are slowly picking up, the companies report. The mine, situated in the Wawa area of northern Ontario, tur…
News
Noranda can earn 50% of Soledad
An agreement in principle has been reached between Golden Queen Mining (VSE) and Noranda Exploration which would see the latter company spend $5 million (US) on Golden Queen’s Soledad Mountain propert…
Marcee planning to drill property in central Nfld
Macree Resources (COATS) has received a letter of intent from Yorkton Securities of Toronto for a $500,000 common share underwriting. Proceeds of the offering will be partially used for general corpor…
New Earth Scienes Centre opened at U of T campus
A new $55.5-million Earth Sciences Centre was officially opened on the main campus of the University of Toronto in Ontario recently. At the centre’s 400-seat lecture auditorium, Ken Babcock, assistant…
Dundee-Palliser to drill near VSM zinc discovery
Toronto-based Dundee-Palliser Resources (TSE) is preparing to start a $300,000 exploration on a group of 142 claims adjoining VSM Exploration’s (ME) zinc project in northwestern Ontario. So far at Gre…
Spot prices at a glance (October 16, 1989)
Week’s Price (US) Change Gold*$360.40–$ 5.65 Silver*$ 5.05–$ 0.18 Platinum*$480.30–$11.40 Nickel**$ 4.72–$ 0.17 Lead**$ 0.33–$ 0.01 Copper$ 1.30 Zinc$ 0.76 Courtesy of Scotiabank. Informa…
Books Metals geopolitics examined by book
Minerals occupy an indispensable place in the creation of industrial and, ultimately, military capability and thus contribute materially to the power of states. Canadian minerals contribute to the mil…
IOCC GOLD OPTIONS (October 16, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .120 9.002,920 Nov 370 C * 29 4.502,001 Nov 380 C * 73 1.203,103 Nov 400 C .252 0.502,528 Feb 380 C * 60 8.00 546 Feb 390 C * 93 5.25 490 Feb 400 C *…
Toronto Stock Exchange Indices (October 16, 1989)
1989 Oct 10Oct 9Oct 6Oct 5Oct 4HIGH LOW Composite “300”4025.35Holiday4037.834023.054019.744037.833353.13 Metals & Minerals3727.94Holiday3748.873781.603774.763919.203207.50 Integrated mines3898.51…
People (October 16, 1989)
SIEMONT RESOURCES–Charles P. Neild appointed president.
Ned Goodman at CIM
Ned Goodman, the chairman and founder of Corona Corp., one of Canada’s largest gold producers, will be the guest speaker at the Canadian Institute of Metallurgy — Toronto Branch luncheon on Oct 19. S…
Perrex flow-through
Calgary-based Perrex Resources recently entered into an agreement with NIM Resource — 1989 and Co. Ltd. in which Nim is subscribing for $500,000 common shares of Perrex. Proceeds of the subscription …