Toronto Stock Exchange Indices (July 03, 1989)
1989 June 27June 26June 23June 22June 21HIGH LOW Composite 300 3778.37 3772.78 3773.15 3740.02 3730.45 3806.03 3353.13 Mtls & Mnrls 3308.76 3348.86 3344.65 3253.83 3237.12 3564.92…
News
Bunker Hill reports loss
Bunker Hill Mining (VSE) reported a loss of $613,793(US) or 4 cents per share in the first quarter, compared to $705,591 or 6 cents a year earlier. The Bunker Hill mine at Kellogg, Idaho has been pro…
COATS (over-the-counter) McNickel up a dime
A heavy trading volume of more than 275,000 shares in Atlantic Goldfields left that issue virtually unchanged at 72 cents . The company is cash rich following a deal with Jascan Resources. Still await…
Uranium Resources curtails production
The depressed state of the uranium market has prompted Uranium Resources (TSE) to curtail its production activity and delay plans for wellfield development and plant construction at several U.S. mine …
News in Brief (July 03, 1989)
Wolf River Resources has changed its name to Interchem (N.A.) Industries Inc. (IID:VSE) on a share-for- share basis. Transfer agent is Pacific Corporate Services Ltd.
Two mining projects receive gov’t grants
Government grants for infrastructure work at two mining projects in northwestern Quebec have been awarded to Cambior Inc. (TSE) and Ressources Minieres Rouyn (TSE). The federal and Quebec governments …
Grades improve 25% at Mishi gold project
The latest reserve calculations for the Mishi gold project in Ontario reveal an approximate 25% grade enhancement in both potential open pit and underground Main zone deposits. Joint venture partners …
What’s New POLY CHAIN
Gates Canada may have a cure Gfor your belt maintenance Gheadaches. If you have a V- belt- or chain-drive motor (on a ventilation fan or a sump pump, for example) where the belt or chain doesn’t last …
Citadel adds claims to Surlaga holdings
Toronto-based Citadel Gold Mines is expanding its land position near Wawa, Ont. where the company is attempting to bring its Surlaga gold mine property back into production. Citadel says it has agreed…
Ontario offers exploration incentives
Two new mineral exploration incentive programs worth a total of $5 million were recently announced by the Ontario government. The Ontario Prospectors Assistance Program (OPAP) will provide experienced…
Metals Prices FUTURES PRICES (July 03, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul108.50 106.60 107.20 — 8.80 Sep106.90 105.50 106.00 — 7.55 Dec104.00 102.90 1…
Editorial Keep the power coming
When Falconbridge paid its electricity bill last year it took a $70-million bite out of the company’s bank account. Falconbridge is one of Ontario Hydro’s largest customers, largely because of the K…