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…
Articles by Northern Miner Staff
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…
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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Companies (May 22, 1995)
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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…
FirstMiss gets nod from IRS
The Internal Revenue Service will allow FirstMiss Gold (NASDAQ) to be spun off, tax-free, from parent First Mississippi (NYSE).The ruling allows the parent to distribute to its stockholders its 14.7 m…
Gold price will be determined by U.S. fund activity
Despite little variation in the gold price of late, several components in the supply-demand equation have changeddramatically.Such was the gist of a luncheon presentation, held in Toronto, by London-b…
NEWS ROUNDUP — MSV evaluates Cedar Bay mine
Montreal-listed MSV Resources has completed preliminarytechnical studies concerning the reopening of the Cedar Bay mine and its integration with the Copper Rand operation inChibougamau, Que.The copper…