Agnico chief tells board of illness
The board of directors of Agnico- Eagle Mines (TSE) was recently told that the company’s president and chief executive officer, Paul Penna, is being treated for cancer. In a press release from the gol…
News
Teck options Greenland bet of Platinova
An agreement has been entered into between Platinova Resources (TSE) and Teck (TSE) whereby the latter may earn a 50% interest in Platinova’s East Greenland gold- platinum project. To earn its interes…
IOCC GOLD OPTIONS (January 07, 1990)
Options Open Series Volume Last Interest Feb. 360 C 50 36.50 303 Feb. 380 C 47 20.50 940 Feb. 400 C 85 10.00 1,925 Feb. 410 C 40 6.75 1,568 Feb. 420 C 72 5.25 2,280 Feb. 430 C 125 3.00 635 Feb. 460 C …
Ruling clears the way for FirstMiss spinoff
First Mississippi (NYSE) hopes to spin off its gold mining subsidiary, FirstMiss Gold (NASDAQ), some time in 1991, the company says. The resource and technology company recently received a long- await…
Contract ratified by Hudson Bay employees
About 61% of the 1,600 union employees at Hudson Bay Mining & Smelting’s (TSE) Flin Flon and Snow Lake operations in Manitoba recently voted in favor of a new 3-year wage contract. While the previous …
LETTERS TO THE EDITOR Engineer suggests measures to reach
We are witnessing a downsizing of the middle class in this country because of uncontrolled government spending, uncaring government policies and unbearable tax grabs by all levels of government. There…
Montreal Exchange Low holiday volumes
Low daily trading volumes, in the 2-million-share range, marked a week shortened by the year-end holidays. Both the market portfolio and the mining and minerals index managed advances during the week …
Ont. geoscientists meet to discuss registration issue
The first meeting of a Sudbury- based group which is seeking formal registration for all professional geoscientists in Ontario was held recently at Sudbury, Ont. Ed Sawitzky, vice-chairman of the Sudb…
Curragh financing of Mt. Hundere bet given green light
Curragh Resources (TSE) and partner Hillsborough Resources (TSE) recently completed arrangement for a $55-million financial package for construction of the Mt. Hundere lead-zinc project in the Yukon T…
Milling halted at Colomac as Northgate awaits banks
With its new mill at a standstill, the remote Colomac gold mine is now on borrowed time and may have to be shut down altogether when fuel supplies run out in March. Owner NorthWest Gold (AMEX), a 52% …
More royalties for Euro-Nevada
A package of six royalty and net profits interests (NPI) has been acquired by Euro-Nevada Mining (TSE) from the estate of a prominent Nevada mining prospector-developer for US$562,500, the company say…
Pine Channel drops Deception Lake
After receiving poor exploration results from its Deception Lake property in northern Saskatchewan, Pine Channel Gold (VSE) has decided to drop the property. The move comes after a unit of Noranda (TS…