Gold Funds (March 01, 1993)
BGR Central Net Value $8.81 $4.99 Price $6.88 $4.75 Discount 21.97% 4.8% Value $49,357,000 $79,915,425.
Articles by Northern Miner Staff
Spot prices at a glance (March 01, 1993)
Week’s Price (US Change Gold* $330.35 – $1.15 Silver* $ 3.60 – $0.11 Platinum* $346.75 – $21.50 Nickel** $ 2.82 + $0.01 Lead** $ 0.19 $0.00 Copper $ 1.00 $0.00 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…
Financing (March 01, 1993)
Breckenridge Res. Ltd. 1,000,000 units @ 65 cents per unit where each unit consists of 1 sh and 2 wts. 2 Series A wts to purchase 1 sh. Plus an over-allotment of 150,000 units @ 60.125 cents per unit….
Noranda, Soquem search for zinc
A minimum 2,000 ft. of drilling on the Leeds property near Thetford Mines, Que., will be conducted by Noranda Exploration and Soquem to test the shallow depth potential of zinc mineralization discover…
TSE Short Positions (March 01, 1993)
Semi-monthly reports as of Feb. 15, showed 50,901,585 shares of 622 issues compared with 51,188,527 shares of 567 issues on Jan. 31. Larger individual positions included: Amax Inc. 35,889, up 35,889; …
Waterland leaving Mining Association
Effective March 1, Gary Livingstone will become president and chief executive officer of the Mining Association of British Columbia, replacing Tom Waterland who resigned to pursue a new career. Living…
Teck to cancel Montgay option
Following a small drilling program on the Montgay property about 55 km northeast of Val d’Or, Que., Teck (TSE) indicated its intention to terminate the option, William Resources (ME) reports. Previous…
Virginia funding
Virginia Gold Mines (ME) says it has completed two private placements worth a total of $326,000 with Marleau Lemire Securities Inc. ($150,000) and eight officers of Virginia ($176,000). The placements…
Inco office workers opt for underground jobs
Sixteen Inco (TSE) office workers, including five women, have volunteered to be in the first group to attend the company’s mining school on March 1. Last December, Inco announced that 86 office staff …
Metals sub-index edges up slightly
The metal and mineral sub-index of Scotiabank’s commodity price index edged up slightly in December, after a sharp decline in November. However, market conditions in early 1993 remain soft. In Japan a…
Wye cuts gold at Saganaga Lake
Recent drilling by Wye Resources (CDN) on its Saganaga Lake property 85 miles west of Thunder Bay, Ont., has encountered further gold mineralization. Three holes totalling 500 ft. were drilled in Dece…
Canarc plans Polaris-Taku work
With the purchase of 94% of the outstanding shares in Suntac Minerals (VSE) now complete, Canarc Resource (VSE) is reviewing financing alternatives for further exploration and development work at the …