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…
News
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 …
Exall closes rights offering
After having sold 2.5 million units, Exall Resources (TSE) has closed its rights offering.Proceeds from the units, which consisted of one common share and one-half share purchase warrant, totalled $1….
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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Westmin Resources returns to profitability at Myra Falls
The first quarter of 1995 marked a return to profitability for Westmin Resources (TSE).The company earned $5.25 million on revenue of $31 million during the period. Cashflow from operations jumped to …
Belore exits United Reef joint venture
Unable to raise additional capital, Belore Mines (ASE) has terminated a joint-venture agreement with United Reef (TSE)concerning two alluvial diamond properties in the Central African Republic.The com…
Princeton ups Elenita resource
The Elenita oxide copper project in northern Chile is nowestimated to contain an in situ resource of 9.1 million tonnes grading 1.57% copper.Owner Princeton Mining (TSE) arrived at the estimate after …
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 …