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…
1989
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…
VSM, Onitap deal
VSM Exploration (ME) has signed an option agreement with Onitap Resources (TSE) which gives VSM the right to earn a 50% interest in Onitap’s 118-claim property in Tonnancourt and Josselin twps., Que. …
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…
Noront putting six drills on Newfoundland, Ontario claims
With $1 million cash on hand, Noront Resources (VSE) is gearing for a major program of exploratory drilling that will employ six rigs. It will follow up a number of targets established during the past…
Editorial More on interest rates
From a speech by John Crow, Governor of the Bank of Canada, to the Winnipeg Chamber of Commerce In what I have just said I have aimed to make clear why the Bank of Canada has been seeking in recent …
Rally in gold
The year-end rally in gold prices came too late to save several mines. Among this year’s casualties: The Kerr mine was a fixture at Virginiatown, Ont., since 1938 but low gold prices forced the mine t…
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…
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….
Cheni to buy Energex’s Al claim
In concert with the company’s move away from mining, Energex Minerals (TSE) sold its Al Claims group in the Toodoggone region of northern British Columbia to Cheni Gold Mines (TSE) in exchange for var…
Central Crude takes option on Moss Lake
Central Crude (TSE) has signed a letter of intent with Tandem Resources (ME) and Storimin Exploration (ASE) to explore the latter two companies’ Moss Lake gold property 70 miles west of Thunder Bay, O…
FUTURES PRICES Metal Prices (December 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec106.30 104.00 106.20 + 3.10 Jan104.50 102.50 104.80 + 2.20 Feb103.10 103.10 104…