Gold funds (August 05, 1991)
BGR Central Net Value $9.12 $5.18 Price $8.375 $5.000 Discount 8.13% 3.5% Value $54,278,513 $84,121,500…
Articles by Northern Miner Staff
Trimin ready to back Rea with $6.5-million investment
If a recently announced deal is completed, Rea Gold (TSE) could receive up to $6.15 million in financing from Trimin Resources (TSE). Under the agreement, a wholly owned subsidiary of Trimin will buy …
Minnova, Rea go underground at Samatosum
Underground mine development is scheduled to begin shortly at the Samatosum mine near Adams Lake, B.C. The mine is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE) which also holds a 5% net …
Renabie first to test Ontario’s new closure rules
Ontario’s first postwar gold mine, the Renabie mine about 200 km west of Timmins, Ont., is about to register another milestone — the first mine closed under the province’s new rules of the revised pr…
Cheni slips into red
A drop in head grades at the Lawyers mine in north-central British Columbia pushed first-half results into the red for mine owner, Cheni Gold Mines (TSE). The company reported a loss of $1.7 million f…
Echo Bay sets Swiss bond terms
Denver-based Echo Bay Mines (TSE) recently started to convert its Swiss franc 3.87% bonds due 1996 into common shares. The conversion offer will expire Oct. 28. At the option of the bondholders, each …
Wheaton to drill Chieftain Hill
Having just completed its first public offering, Wheaton River Minerals (TSE) is getting ready to explore its 104-sq.-km property near Whitehorse, Yukon. Deep drilling is scheduled to commence immedia…
Cheni’s drilling increases reserves at J&L property
Reserves at the J&L property near Revelstoke, B.C., have increased substantially following a recently completed $3.4-million exploration program. Cheni Gold Mines (TSE) is earning a 60% interest in th…
Homestake looks at Hughes Lang bet
Hughes Lang (VSE) has signed a letter of intent which clears the way for Homestake Canada to option the Pickle Pat property near Pickle Lake, Ont. By spending $800,000 and making cash payments totalli…
Spot prices at a glance (August 05, 1991)
Week’ Price (US) Change Gold* $363.60 -$ 3.40 Silver* $4.07 -$ 0.16 Platinum* $362.00 -$12.25 Nickel** $3.67 -$ 0.08 Lead** $0.25 $ 0.00 Copper $1.02 +$ 0.02 Zinc $0.48 $ 0.00 Courtesy of Scotiabank. …
Forget’s tactics rile Audrey, brokers
Audrey Resources (TSE) President Guy Hebert will resume discussions this week with representatives of Minnova (TSE) over development plans for the Mobrun polymetallic mine near Rouyn-Noranda, Que. Heb…
Dickenson boosts earnings despite lower gold production
Lower gold output at its Arthur White mine near Red Lake, Ont., hasn’t prevented Toronto-based Dickenson Mines (TSE) from improving its earnings in the second quarter and first half of this year. In t…