INDICES:TO
Toronto Stock Exchange Indices 1989 Sept 19 Sept 18 Sept 15 Sept 14 Sept 13 HIGH LOW Composite “300” 3900.953899.323896. 323891.163917.014019.623353.13 Metals & Minerals 3660.333698.8…
News
New Cambior mine honors former Sullivan chairman
The newest producing gold property of Cambior Inc. (TSE) has been officially opened and given a new name: the Lucien C. Beliveau mine. Situated 15 miles east of here just off the main highway, the mi…
September 19, 1989
Shed no tears for Bill James. The former president and chairman of the board at Falconbridge may be among the unemployed now that Noranda and Trelleborg hav e successfully bid for ownership of the n…
Brookbank exploration on track despite suit
Although an on-going legal dispute still overshadows the Brookbank gold property owned by Metalore Resources (TSE) near Beardmore, Ont., a majo r exploration p rogram is quietly under way by Placer Do…
Red Lake Buffalo searching for new ore at Madsen mine
In the hope that new mines can be found in the shadow of old ones, Red Lake Buffalo Resources (TSE) has been busy on a group of claims containing t hree former gold producers. According to President J…
Vedron plans debentures
A proposed $16-million debenture offering has been announced by Vedron Ltd. (TSE) which, if successful, would allow the company to bring its Fuller gold depos it to production. Near Timmins, Ont., th…
Sept 5 mine manager — Mackay
Managing a unique solution process for the recovery of potash from a big, deep-seated deposit, located 25 miles west of Regina, Sask., is the job of Colin S. Mackay, manager of operations for 0000,06…
Holmer has Bristol Twp. drill results
A recent deep drill hole on Holmer Gold Mines’ (ASE) Bristol Twp., property near Timmins, Ont., has yielded three significant intersections in a previously un explored area near the main zone deposit….
Spot prices at a glance (September 25, 1989)
Week’s Price (US) Change Gold* $360.75 +$ 1.95 Silver* $ 5.07 –$ 0.01 Platinum* $473.65 –$ 0.95 Nickel** $ 5.17 +$ 0.31 Lead** $ 0.34 +$ 0.02…
Canamax gives nod to sale of Midway
Vancouver-based Canamax Resources (TSE) has agreed to sell its 24.5% stake in the Midway zinc- silver project in British Columbia to Regional Resources (TSE) for $1 million. As reported (N.M., Aug 7/8…
TAX
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this a nalysis, tax specialists Barry Dent and J…
Terex to earn 30% of Eskay property
Toronto-based Terex Resources (ASE) recently optioned two separate claim groups in the Eskay Creek region of British Columbia about seven miles south of the gold discovery of Calpine Resources (VSE) …