Toronto Stock Exchange Indices (January 22, 1990)
1989 Jan. 16Jan. 15Jan. 12Jan. 11Jan. 10HIGH LOW Composite 300 3899.983894.013881.843941.703941.564009.473881.84 Metals & Minerals3220.743242.033261.013340.483325.173453.053220.74 Integrated mines3…
Articles by Northern Miner Staff
People (January 22, 1990)
CALPINE RESOURCES — Murray Pezim, John Ivany and Lawrence Page re-elected to the board of directors and Jacob Brouwer appointed to the board of directors.
Metals Page Nickel price down but still well supported
Although the price of nickel has fallen below US$4 per lb on the London Metal Exchange, the sound of alarm bells has been faint. Few analysts, if any, foresee the base metal rallying to sustained high…
Noranda increases to 21.6% its stake in Miniere Louvem
Toronto-based Noranda Minerals, a unit of Noranda (TSE), recently acquired 489,900 shares of Societe Miniere Louvem (TSE), bringing its stake in the Val d’Or, Que., company to 3.2 million shares or 21…
Belmoral resumes work on Yorbeau’s Astoria
Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…
Reserves double at Black Hawk’s Minago nickel
Drilling by Black Hawk Mining (TSE) has more than doubled reserves at the company’s 100% owned Minago nickel project in Manitoba. The 17-hole, 27,000-ft program has increased reserves from four millio…
Radisson identifies continuity of zones
Exploration on the 6th level of the Duquesne mine, about 19 miles north of Rouyn-Noranda, Que., has identified the continuity toward the west of the main mineralized zones, Radisson Mining Resources (…
Redfern takes option to earn 50% interest in copper-zinc-gold bet
Redfern Resources (TSE) has signed an option agreement with Cumberland Resources (VSE). The deal gives Redfern the right to earn 50% of Cumberland’s interest in a base metals project held under option…
Sudbury seminar on high tech in mining
A seminar on Canadian high-tech application in mining will be held Feb. 21, in Sudbury, Ont. It is co-sponsored by Datem Ltd., the Centre in Mining and Mineral Exploration Research, and Mining Industr…
Louvem asks for injunction to stop Aur drilling plan
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have applied to a Quebec court for a provisional injunction to halt surface exploration at the Louvicourt Twp. massive sul…
LAC, Rouyn hit good widths at Francoeur mine
Exceptional widths are being encountered at the Francoeur gold mine, owned equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE). Situated near Rouyn, Que., the Francoeur mine entered product…
Vancouver Stock Exchange Kokanee makes gains
Economists have been warning that a recession is just around the corner for at least the past several years. This year, with increasing evidence that the economy is indeed slowing down, the talk is be…