Toronto Stock Exchange Indices (October 16, 1989)
1989 Oct 10Oct 9Oct 6Oct 5Oct 4HIGH LOW Composite “300”4025.35Holiday4037.834023.054019.744037.833353.13 Metals & Minerals3727.94Holiday3748.873781.603774.763919.203207.50 Integrated mines3898.51…
News
Teck builder Norman Keevil dies at age 78
With the passing of Dr Norman Bell Keevil, O.C., on Oct 9, 1989, the Canadian mining industry and business community lost a distinguished and dynamic leader. Best known for building Teck Corp. into o…
Hycroft acquires new Nevada project
Already a substantial producer at the Lewis and Crofoot mines in Nevada, Hycroft Resources & Development (VSE) has secured an option to explore the Rein-O-Gold property, 20 miles southwest of Winnemuc…
Editorial The Keevil legacy
Norman Keevil Sr.’s legacy to the mining industry is something of a paradox. An academic by training who took justifiable pride in his published work, he was also the essence of mining’s entrepreneuri…
Canyon buying Addwest
Canyon Resources (NASDAQ) has exercised an option to buy the assets of Addwest Gold for $33 million(US) plus a 2% royalty on gold production from the Briggs property in California. The option to acqui…
Oliver and partners drill Kitsault Lake gold project
Tanqueray Resources (VSE) and its partners Aber Resources (TSE) and Oliver Gold (VSE) have started a drill program on their 46,750-acre Kitsault Lake gold property south of Stewart, B.C. The property …
Gold funds as of Oct 10
MVP BGR Central Capital Net value $11.72 $5.94 $0.57 Price $10.25 $5.50 $0.26 Discount 12.54% –7.4% 54-4% Value $69,758,508 $ 99,910,632 N/A…
Producers don’t fear GST but effect on inflation unknown
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 analysis, tax specialists Barry Dent and Jo…
Orcana, Denn’or planning to drill Val d’Or claims
Toronto-based Orcana Resources (VSE) and Exploration Denn’or (ME) are attempting to raise the money needed to finance an exploration program at two properties in the Val d’Or, Que., mining camp. One o…
Amax, U.S. Gold OK $73-million(US) Hayden Hill project
Colorado-based companies Amax Gold and partner U.S. Gold have agreed to go ahead with a $73-million(US) development plan to bring their Hayden Hill gold project into production by 1992. Situated in La…
FINANCING (October 16, 1989)
ONTARIO Cochise Res — final reciss offer 1,800,000 @ $2.25 per sh to net $2,449,800. VANCOUVER Braemount Res — gross proceeds rec $500,000 Canadian Patricia Expl — gross proceeds rec $360,000 Grac…
High grade ore shoot drilled by Biron Bay
Results just released by Biron Bay Resources (ASE) from the Summit gold project in New Mexico indicate that the property contains a high grade ore shoot within a gold- silver deposit delineated by ear…