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…
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…
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….
Golden Giant raise done in record time
A 2.4×2.4-m backfill raise, inclined at 69 degrees and measuring 294 m long, has been driven by a pneumatic Alimak machine at the Golden Giant mine in Hemlo, Ont. Don Cameron, Andy Roy, Matti Hakkola,…
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,…
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 …
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.
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. …
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…