Denison granted reprieve on loan
Toronto-based Denison Mines (TSE) has been granted more time to pay off a $148.4-million corporate loan facility to the Toronto Dominion Bank and Bank of America. The deadline for repayment has been e…
News
IMF gold reserves
IMF gold reserves The International Monetary Fund, a global lending agency supported by its nation members, listed about 3.3 million kg (about 103 million oz.) of gold among its general resources asse…
Fischer-Watt drilling Emigrant Gulch
Widely spaced drilling on the Emigrant Gulch prospect has Fischer-Watt Gold (NASDAQ) planning to continue work on the Duv target and several other targets found within a large land package in Park Cty…
LAC options Blue Moon
The Blue Moon project in Mariposa Cty., Calif., is one step closer to development. Owner Colony Pacific Explorations (TSE) recently optioned 50% of the property to LAC Minerals (TSE) in return for a t…
OSC rules against Albino
The Ontario Securities Commission (OSC) ruled recently that George Albino, the former president of Toronto-based Rio Algom (TSE), unfairly used insider information to make a $52,000 profit from his st…
Drop in nickel prices hurt Inco
A decrease in Inco’s (TSE) income for the year ended Dec.31 was mainly the result of lower realized nickel prices, the company says. In 1990, nickel prices averaged US$4.10 compared with US$5.61 in 19…
Vancouver Stock Exchange Eurus and Thios continue to climb
The Vancouver market followed eastern markets for the week ended Feb. 5, staging a heathy rebound. The Vancouver composite index jumped 13.26 points to finish at 511.49 while the resource index added …
Cyprus Minerals writes down assets
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
Tri-Alpha seeking a partner for Quebec wollastonite find
A Vancouver-based junior and Quebec’s ministry of energy and resources believe they have a major wollastonite find on their hands. The 298-claim St. Onge deposit, in the Lac St. Jean area of Quebec, i…
Cassiar mine running on new feed
Although block caving operations at the Cassiar asbestos mine in northern British Columbia have encountered some problems with oversize material, the average ore grade has been considerably higher tha…
Flag drilling at Rathbun Lake bet
Calgary based Flag Resources (ASE) is planning to drill a 2,000 ft. deep vertical hole to probe for base metals on its Rathbun Lake property in the Wanipitei Lake area of northern Ontario. The claims …
PEOPLE INLAND GOLD AND SILVER
Steven Potter appointed president.