Denison prepared to sell non-core assets
Faced with mounting losses and a battered share price, Toronto- based Denison Mines (TSE) may be forced to divest more of its non- uranium assets in order to meet future financial obligations. The com…
News
Metal Prices FREE MARKET (June 04, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 29 May 28 May 25 May 24 May 23 Copper 1580-1582 Closed N.A 1603-1604 1586-1588 L…
1st-quarter earnings drop for Cons. TVX
Production problems and increased operating costs at Consolidated TVX’ (TSE) Novo Astro gold mine in the Amazon region of Brazil was reflected recently in the company’s first-quarter financial results…
Outlook for platinum tied to autocatalysts
In 1989 the world platinum market paused for breath as demand for the white metal came more closely in balance with supply when compared with 1988. “Total demand for platinum in the Western World in 1…
Nanisivik ups stake in Highwood Resources
Nanisivik Mines, a wholly owned subsidiary of Mineral Resources International (TSE), recently increased its stake in Highwood Resources (TSE) to 27.3% from 23%. The latter company has interests in a b…
GOLD FUNDS; Galactic tallies record earnings
Earnings reached a record level for Galactic Resources (TSE) in the 1990 first quarter, totalling US$7.51 million compared with US$1.82 million in the previous year’s first quarter. The jump in earnin…
Montreal exchange Freewest gets new zone
Freewest Resources was the most active trader on the Montreal Exchange during the week ended May 29 with 527,700 shares changing hands. Noranda, its partner on the Harker-Holloway gold project in nort…
At Harker-Holloway New zone at Harker-Holloway
A new gold-bearing structure has been identified on the Harker- Holloway gold property, 40 miles east of Matheson, Ont. Noranda (TSE) discovered the new structure while infill drilling on the main Lig…
Drilling to start on Slumbering Hills
Now that a lengthy legal property ownership dispute has been resolved to the benefit of Freegold Recovery (VSE), an exploratory drill program has started on the company’s Slumbering Hill property near…
Asarco lowers price of copper cathodes New-York based Asarco, one
Shares of base metal explorer Bonanza Metals moved up 10 cents to 55 cents on thin volume of 8,000 shares during the report period ended May 29. The company has been focusing most of its recent effort…
FINANCING VANCOUVER
Ticker Tape Res — 600,000 sold for gross $342,000. Suntac Minerals — 1,800,000 sold for gross $756,000. Gratiam Res — opt exerc on 137,500 @ 40 cents per sh. First Star — 400,000 offered @ 50 cent…
Colomac gold pour upstaged at recent Northgate meeting
Although it was overshadowed by some verbal sparring at Northgate Exploration’s (TSE) recent annual meeting in Toronto, the first gold pour was expected to occur last week at the Colomac gold mine, no…