Denison has loss in first quarter
Improvements at Denison Mines’ (TSE) uranium operations at Elliot Lake, Ont., were offset by a number of other factors including lower oil and gas production during the three months ended March 31. As…
News
Colombia guerrillas attack gold mine
A small gold mine in northern Colombia, recently destroyed by guerrillas, is owned by Americans, and not Canadians as has been reported. Jim Anthony, chairman of Greenstone Resources (TSE) which has p…
Toronto Stock Exchange Indices 0701,0205,0205,0205,0205,0205,0205,
May 15 May 14 May 11 May 10 May 9 HIGH LOW Composite “300” 3505.34 3526.50 3534.98 3486.47 3464.00 4009.47 3334.13 Metals & Minerals3075.36 3122.01 3138.03 3084.82 3032.47 3453.06 2850.84 Integrated M…
USMX to buy 50% of Alligator Ridge mine
USMX (NASDAQ) of Denver, Colo., has reached an accord with RTZ-subsidiary Kennocott Corp., to purchase the latter company’s 50% interest in the Alligator Ridge gold mine in White Pine Cty., Nev. A for…
BOOKS IN REVIEW Markets fare well in developing natins
Emerging Stock Markets Factbook 1990, fourth in an annual series, shows that the world’s best- performing markets last year were in developing countries. Turkey’s stock market, with a 300% gain in 198…
Noramco options B.C. copper-gold bets
Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…
TRAPPER RESOURCES
Gerry Curtis appointed president and chief executive officer and director succeeding Hugh Cameron who has resigned but continues as a director; Neil Paget appointed chairman of the board.
PEOPLE YUMA GOLD MINES
Gordon Gutrath appointed a director succeeding J.L. Klingmann who resigned.
FINANCING (May 21, 1990)
Cons Balsam — 1,400,000 offered @ 16 cents per sh. Gigi — 1,000,000 offered @ 79 cents per unit. High Frontier — opt exerc on 275,000 @ 55 cents per sh. Tatlar Res — 1,000,000 shs sold for gross $…
Little relief seen from industry downturn
The Canadian diamond drilling industry has plunged into another economic downturn and things could get worse before they get better. Tim Bremner, general manager of Logan Drilling and outgoing preside…
GOLDFUNDS2 (May 21, 1990)
MVP BGR Central Capital Net value $10.95 $5.79 $0.34 Price $9.50 $5.750 $0.20 Discount 13.24% 0.7% 41.2% Value $65,219,024 $96,739,725 N/A…
Seabright plans eastern exploration program
The board of directors of Seabright Explorations (TSE) has approved a program to continue grassroots exploration and evaluation of its existing properties in the Highland area of Nova Scotia. Special …