News

Perrex, Teck agreement

An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…


FINANCING (June 11, 1990)

ONTARIO Tri Link Res — 1,800,000 Cl A com offered @ $4.20 per sh to net $7,106,400. VANCOUVER Rinsey Mines — 650,000 offered @ 45 cents per sh. Royce Ind — 700,000 sold for gross $245,000. Woodridg…


Belmoral sees some hope at Val d’Or

Belmoral Mines (TSE) will put all of its cash flow into the Val d’Or gold operations, Gordon Strasser, the new chief executive officer of Belmoral, told shareholders at the company’s annual meeting. “…


GOLD FUNDS (June 11, 1990)

MVP BGR Central Capital Net value $10.95 $5.77 $0.36 Price $9.75 $5.750 $0.24 Discount %10.96% %0.3% 33.3% Value $65,182,327 $96,739,725 N/A…


Canamax entering period of consolidation: Lenton

Shareholders and analysts who attended the recent Toronto annual meeting of Canamax Resources (TSE) were reminded of how much the mining industry has changed in the past couple of years. Only two year…


FUTURES PRICES (June 11, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 117.40 113.60 117.10 + 2.10 July 113.80 110.20 113.10 + 0.60 Aug 110.60 108.60 110.50 + 1.20 SILVER (in US c…




Agnico says share price thwarted plans

An Agnico-Eagle Mines (TSE) shareholder was claiming victory recently after the company elected not to proceed with a public offering to raise $40 million for exploration at its properties. Jacques Fo…




Denison not selling coal, potash assets

Denison Mines’ (TSE) chief executive Helen Roman-Barber said the company “has not put its interests in Quintette Coal or Denison-Potacan Potash up for sale,” in response to media reports circulated la…


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