Creditor deal cuts Coxheath debt by 70%
Some of Coxheath Gold’s (TSE) creditors have agreed to convert Coxheath’s debt into shares of the company. At 17 cents per share, the conversion will be worth $1.99 million, reducing Coxheath’s unsecu…
News
Metal Prices FREE MARKET (June 18, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 12 June 11 June 8 June 7 June 6 Copper 1508-1510 1526-1528 1550-1552 1543-1545 …
Drilling planned for Gossan project
An exploratory drill program is being planned by Vector Industries International (VSE) for its Gossan property in the “Golden Triangle” region, north of Stewart, B.C. The funds for the work program wi…
Hefty exploratin spending predicted for Stikine Arch (June 18, 1990)
L.O.M. Western Securities predicts that more than $100 million will be spent this year in the Stikine Arch, a remote region in northwestern British Columbia’s rugged Coast Mountains. Prime Exploration…
Proxy fight at Goldcorp
A proxy fight is brewing at Goldcorp Investments, where Robert Simon and James McCartney are asking holders of the company’s A shares to appoint one of them as a proxy representative at the Goldcorp a…
Silidor mine running smoothly
Owners of the Silidor gold mine, just outside the western boundary of this northern city, have high expectations for the project. Operator Noranda (TSE) and partners Cambior (TSE) and Nova- Cogesco Re…
Mining Association slams B.C. land use policies
Tom Waterland, president of the Mining Association of British Columbia, slammed provincial land use policies after learning that a major mining company was forced to terminate an exploration program o…
Rich Snip gold project sure to please owners Cominco and Prime (June 18, 1990)
A positive production decision on the Snip property, in the Iskut River region north of Stewart, B.C., is virtually a certainty, according to mine manager Merlyn Royea. The project is 60% owned by Com…
News In Brief Newfield cancels private placement
A private placement recently announced by Newfield Minerals (TSE) (T.N.M., June 4/90) was not accepted by The Toronto Stock Exchange and, therefore, will not proceed. The proposed placement included f…
Letter to the editor `Facile’ explanation of monitoring device
Your article “Listening device to minimize cave-ins” (May 28/90) says researchers at Queen’s University have developed a listening device that “identifies places to dig so that cave-ins will not occur…
Toronto Stock Exchange Indices (June 18, 1990)
June 12 June 11 June 8 June 7 June 6 HIGH LOW Composite 300 3607.66 3578.66 3571.34 3604.64 3611.93 4009.47 3334.13 Metals & Minerals 3241.35 3201.86 3197.75 3236.04 3240.15 3453.06 2850.84 Integrated…
Rising global gold output expected to ease by end of 1990s (June 18, 1990)
Pierre Lassonde, the president of Franco-Nevada Mining turned author, takes a look at the 1990s in this excerpt from his new book on the gold (and silver) industry, The Gold Book, published by Financi…