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TORONTO STOCK EXCHANGE INDICES (July 08, 1991)

July 2 July 1 June 28 June 27 June 26 HIGH LOW Comp”300″ 3493.62 Holiday 3465.82 3474.61 3481.13 4009.47 3009.91 Metals & Minerals 3184.00 Holiday 3175.24 3181.67 3181.36 3453.06 2502.63 Integra…


Noranda shuffles top executives at 3 subsidiaries

In the latest move in an ongoing reorganization program designed to save cash, Noranda Minerals has appointed Ian Bayer as president and chief executive officer of 50.2% owned Hemlo Gold Mines (TSE). …


Correction (July 08, 1991)

Gold output by Agnico-Eagle Mines (TSE) in 1990 from its Joutel Twp. and LaRonde mining operations in northwestern Quebec totalled 162,443 oz., produced at an average cast cost of US$272 per oz. An ea…


NEWS IN BRIEF Drilling continues at Scott Lake

Thunderwood Resources (TSE) and Greenstone Resources (TSE) say stepout drilling at their Scott Lake joint venture has extended a zinc-copper rich massive sulphide zone from 1,800 ft. to a depth of 2,6…


Pacific proposes warrant issue

Pacific Metals (ASE) has proposed a private placement of 1.4 million special warrants at a price of $1 each to replace a previously-announced common share placement. Each warrant will be exchangeable …



NEWS IN BRIEF St Andrew trading shares for bonds

St Andrew Goldfields (TSE) has reached an agreement with Banque Indosuez of Geneva Switzerland to offer 14.4 million newly created preferred shares in exchange for $20.9 million in 5.75% Swiss franc b…


OBITUARY Archibald MacDonald Bell

Archibald MacDonald Bell, who for 38 years directed Noranda’s exploration program, died recently in Mississauga, Ont. He was 85. Born in Grafton, Australia, of Canadian parents, Bell attended the Uni…


Franco, Euro to cash in on royalties

Sister companies Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) are planning to move quickly to capitalize on their experience in the royalty acquisition field. The Toronto-based companies a…



EDITORIAL PAGE Attracting mining’s future leaders

The list of individuals inducted into the Canadian Mining Hall of Fame gives some idea of the diversity of people who built our mining industry into a world leader. But their accomplishments are not e…


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