Denison Mines restructures debt
An agreement between Denison Mines (TSE) and its corporate lenders will allow the former blue-chip company to restructure bank debt, subject to certain conditions.The lenders agreed to convert all deb…
1995
STOCK MARKETS — Composite index enables TSE to shine brightly
After losing the spotlight to the major American indexes over the past few weeks, the TSE 300 composite took centre stage once more, as investors driving it to a new 7-month high. Thecomposite jumped …
Glimmer to buy Hemlo’s stake in Hislop-Beatty
After learning that Hemlo Gold Mines (TSE) intends to sell its 60% interest in the Hislop-Beatty gold joint venture, 40%-owner Glimmer Resources (VSE) announced its intention to exercise its first rig…
Drilling expands Voisey Bay
Exploratory drilling west of the Voisey Baynickel-copper-cobalt discovery is expanding the scope of the Labrador project.Owner Diamond Fields Resources (TSE) reports that holes 95-89, 95-93 and 95-98 …
Northern Crown works Mesa Galindo
Trenching and sampling are under way on the Mesa Galindogold-silver project in Mexico’s Sonora state.Northern Crown Mines (VSE) is examining the bulk-tonnagepotential of several gold-silver-mineralize…
Aquaterre funds Georgia work
A $450,000 private placement will enable Aquaterre Mineral Development (VSE) to proceed with work on its optioned Georgia River property near Stewart, B.C.Each of the 1.1 million units consists of one…
Index (May 22, 1995)
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Royal Oak production falls short
Lower-than-expected gold production triggered a rise in cash production costs for Royal Oak Mines (TSE) in the first quarter.Costs increased to US$360 per oz., compared with US$317 in the same period …
Companies (May 22, 1995)
AberAdrianAquaterreAraucoArizona StarArloAscotBand-OreBeloreBema GldBlacklineBotswana DevBre-XBreseaCacheCambiorCanarcCoeur d’AleneComaplexCominco IntlCons ManusCorner BayCumberland…
NEWS ROUNDUP — Leach tests help Aldebaran
Leach tests demonstrate that material from the Aldebaranproject in Chile will not require fine crushing.Partners Bema Gold (TSE) and Arizona Star Resource (VSE) report that three 22-ton tests, which s…
NEWS ROUNDUP — Patrician enters Tanzanian JV
Junior Patrician Gold Mines (ASE) has entered into ajoint-venture to explore certain of its gold properties inTanzania.The agreement in principal was reached with South African-based JCI and applies t…
CIM adds salt to supper at Stratford
The Toronto branch of the Canadian Institute of Mining and Metallurgy is planning a field trip this fall to the Sifto salt mine at Goderich, Ont.The visit to the largest rock salt mine in North Americ…