NEWS IN BRIEF (September 10, 1990)
Denison Mines recently sold its 19.5% interest in Parlake Resources (TSE) in a private transaction. Denison declined to reveal the price it received for the 496,611 shares of the junior it sold.
1990
Total buys shares in junior affiliate
Open-market stock purchases by Total Resources (Canada) of Calgary have boosted the company’s holdings in Total Energold (TSE) to 72.5% of the latter’s outstanding shares. Total Resources, a wholly ow…
Coal receives boost from Gulf crisis
In 1776, the historian Gibbon observed that the command of iron gives a nation the command of gold. Much the same might be said of coal to which the story of iron is so inextricably tied. By 1761, the…
Dome Mountain deal in sight
An agreement is in the works which could ultimately result in a production decision on the Dome Mountain project, near Smithers, B.C., or at least see further drilling done on the property. Drilling e…
EDITORIAL PAGE Incentives needed, consistency required
Once again the Prospectors and Developers Association of Canada has presented a strong case concerning a number of issues at the annual mines ministers conference. Sustainable development was the them…
Tenajon reports SB drill results
Assay results were released by Tenajon Resources (VSE) from several holes previously reported to have intersected visible gold on the SB property, north of Stewart, B.C. The drilling was part of a rec…
Montreal Exchange Goldex- Ormico program
A softening gold price, the result of quieter times in the Persian Gulf, seemed to spur the stock market. The general market portfolio index, while still off, was down by only 3.5 points for the week …
INSIDER TRADING Agnico ups interest in Goldex to 30%
Toronto-based gold producer Agnico-Eagle Mines (TSE) recently increased its exposure to any new developments at a Val d’Or, Que., exploration property held by affiliate Goldex Mines (TSE). According t…
Mining contractors form association to improve image
Representatives from 12 major mining contractors met recently in North Bay, Ont., and formed the Mining Contractors Association of Canada (MCAC). The delegates, from Ontario, Saskatchewan and Quebec, …
Spot prices at a glance (September 10, 1990)
Week’s Price (US) Change Gold* $384.60 — $4.50 Silver* $4.76 — $0.10 Platinum* $484.50 — $3.75 Nickel** $4.96 — $0.03 Lead** $0.39 — $0.01 Copper- $1.32 — $0.01 Zinc $0.71 — $0.04 Courtesy of S…
COATS (over-the-counter) Home Lake up 40 cents
On word that Home Lake Resources had staked 100 claims in the Eastmain River area of northern Quebec, shares of the junior company jumped 40 cents to close at $1.55 on a volume of 120,950 for the week…
Brunswick cleaning up smelter
Brunswick Mining and Smelting has started a cleanup program at its Belledune, N.B., smelter, according to Canadian Occupational Health & Safety News. Recommendations for the cleanup were made by an in…