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…
News
Mazarin negotiates second sales deal
A second agreement covering the overseas sales and distribution of graphite has been signed by Societe d’Exploration Miniere Mazarin (ME). Nichimen Canada, a wholly owned subsidiary of Nichimen Corp. …
BRIEFS Ram drilling
Ram Petroleums (TSE) has completed 2,000 ft. of drilling at its wholly owned wollastonite property in Olden Twp. in eastern Ontario. President R.J. Opekar said results from eight holes indicate a zone…
Spirit Lake names a new president
A new president has been named for junior Spirit Lake Explorations (ME). Noble Harbinson has taken over the top post from John Hansuld, who will remain on the board of directors. Spirit Lake is expect…
U.S.REPORT Hecla earnings
Earnings for the first quarter ended March 31 for Hecla Mining (NYSE) were US$4.6 million compared with a loss of US$2.5 million in the corresponding year-earlier period. The improvement in results wa…
4 EDITORIAL PAGE Busting out in British Columbia
Those in the mining business in 1990 would do well to heed the advice of American journalist Horace Greeley, who was inspired by John Babsone Lane Soule’s words: “Go west, young man.” Today, the futur…
PEOPLE MINETA RESOURCES
Clemence Mallet appointed to the Board of Directors succeeding Alex Ritchie who resigned.
Asarco pursues diversification but focus will remain on metals
The following was excerpted from a speech by Richard de J. Osborne, chairman of Asarco (NYSE), at the copper producer’s recent annual meeting in New York City, regarding Asarco’s development into an i…
Kingswood work program
A summer exploration program has started on 405 claims owned by Kingswood Explorations (ASE) in the Eastmain River area of northeastern Quebec. The program will consist of stripping, blasting and samp…
Canalaska starts drill program
An 18,000- ft. drill program by Canalaska Resources (VSE) is about to begin on the company’s 100% owned Rainbow Hill property in the Valdez Creek Mining district of Alaska. The objective of the revers…
PEOPLE BHP-UTAH MINERALS INT’L
Gillespie Robertson appointed senior vice-president, minerals marketing and services succeeding Charles McArthur who will retire June 30. Robertson will relocate to San Francisco.
BLM Mines buying United Keno stake
Falconbridge Ltd., a wholly owned subsidiary of Noranda (TSE) and Trelleborg, has found a buyer for its 44.9% stake in silver miner United Keno Hill Mines (TSE). Bharti Laamanen Mining, a Sudbury-base…