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…
1989
Agnico set to begin drilling Vezza Twp.
Drilling is expected to begin next month at the Vezza Twp. gold claims optioned recently from Dundee-Palliser Resources (TSE), and North American Rare Minerals (ME) by Agnico-Eagle Mines (TSE). Having…
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…
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…
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…
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…
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…
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….
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…
Inco denies production decision imminent for Vault
To date about $3.5 million has been spent by a unit of Inco Ltd. (TSE) and junior partner Seven Mile High Group (VSE) on the Vault gold property near Okanagan Falls, B.C. According to Maurice Hamelin,…
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.