Toronto Stock Exchange Indices (October 30, 1989)
1989 Oct 24Oct 23Oct 20Oct 19Oct 18HIGH LOW Composite “300”3899.133912.153954.793969.663929.514037.833353.13 Metals & Minerals3499.413470.323542.703587.983551.333919.203207.50 Integrated mines364…
News
Montreal Exchange Seniors in favor
A period of volatile trading has overtaken the stock market, moving investors to side with the cautious crowd. That the top trading stocks this past week were mainly “seniors” bears out this observati…
Golden Terrace to merge assets with Stan North
Soft gold prices and a lack of interest in the junior exploration market have combined to bring Toronto-based explorers Golden Terrace Resources (TSE) and Stan North Mining together in a proposed merg…
COATS (over-the-counter) Carolin drops 10 cents
Several junior gold exploration issues gave up some ground on COATS this week. Slipping by 10 cents was Carolin Mines which closed at 35 cents after a total of 22 trades. The shares of Dartmouth-bas…
Hedging helps Barrick’s earnings
American Barrick Resources (TSE) continues to reap the rewards of a lucrative hedging program that has sheltered the Toronto gold producer from softer precious metal prices. While the price of gold av…
Toronto Stock Exchange Metalsl index plummets as commodity prices
Investors determined to stay in the market were taken on a roller- coaster ride for yet another week following the Friday the 13th mini- crash. The markets were hit by another round of after-shocks, t…
Geoscience forum set for Whitehorse
The 17th annual Yukon geoscience forum will be held in Whitehorse at the Westmark Whitehorse Hotel and the Yukon Theatre Nov 26-29, followed by a seminar on cyanide and heap leaching. Technical papers…
Ontario government tables proposed Mining Act update
Long-awaited amendments to Ontario’s antiquated Mining Act were tabled in the provincial legislature this week by Mines Minister Hugh O’Neil. The bill to amend Ontario’s 83-year-old Mining Act follows…
Letters to the Editor Figures indicate profit at Magino
I am calling your attention to inconsistencies between the story on the Magino mine (N.M., Oct 23/89) and a reference to the same mine in another story in the same issue. The paragraph on page seven (…
People (October 30, 1989)
COEUR d’ALENE MINES — Michael C. Tippet appointed exploration manager.
CORRECTION (October 30, 1989)
Underwriter Brault, Guy, O’Brien is the agent for a $6-million offering by Exploration Orex, not McNeil, Mantha as reported in N.M. Oct 23/89.
Pan East to earn 51% stake in Baker Lake uranium bet
Calgary-based Pan East Resources (ASE) recently optioned what it regards as a promising Northwest Territories uranium property from Falconbridge Ltd. (TSE) and Kerr Addison Mines (TSE). Situated 260 k…