GOLD FUNDS (February 01, 1999)
Gold Funds as of January 21, 1999BGRCentralNet Value$14.015.90Price$9.25$…
News
AFRICA — Fighting in Sierra Leone foils Nord’s production efforts
Nord Resources (NRD-N) has broken off negotiations with the government of Sierra Leone for the reopening of the Sierra Rutile operation after a rebel offensive on the capital city of Freetown plunged …
Armistice board survives
Dissident shareholders of Armistice Resources (ACI-M) have failed in a bid to unseat the board of directors at the company’s annual meeting.The dissidents, led by Gordon Usher-Jones and Mark Diamond, …
Kinross amends offer
The terms of a previously announced merger between Kinross Gold (K-T) and La Teko Resources (LAO-T) have been amended.Under the revised terms, La Teko shareholders will receive one Kinross share in ex…
Sirios funds work at Aquilon
Following an infusion of cash, Sirios Resources (SOI-M) is gearing up for a 10-hole, 1,500-metre drilling program at its Aquilon gold property in the James Bay region of northern Quebec.In late Decemb…
Fort Knox adds to holdings
In another Newfoundland cash-and-shares deal, junior explorer Fort Knox Gold Resources (FNX-T) has taken an option on a gold exploration property 60 km north of Gander.The agreement gives Fort Knox th…
AFRICA — Tri-Star buys back old Minorca interests in Africa
Following its October merger with Minorca Resources, McWatters Mining (MCW-T) has moved to shed Minorca’s West African interests.Tri-Star Gold (TSG-V) has bought back the interests Minorca held in 13 …
AFRICA — Jean-Gobele at feasibility
Determined to bring its gold deposit into production by the end of the year, Semafo (SMF-T) has engaged a consultant for a final feasibility study at the Jean-Gobele project in eastern Guinea.RSW-Bero…
AFRICA — Sadiola Hill mine cracks half-million-ounce barrier
Higher-than-expected mill capacity allowed Iamgold (IMG-T) and its South African-based partner, Anglogold (AU-N), to produce more than half a million ounces from the Sadiola Hill gold mine in western …
AFRICA — Sutton advances Bulyanhulu — Mining costs projected at US$45-59 per ton
Sutton Resources (STT-T) has appointed Standard Bank London to arrange US$130 million in project financing for the Bulyanhulu gold project in Tanzania.Standard Bank will underwrite US$40 million and a…
AFRICA — Ashanti ratifies Ghana deal
Semafo (SMF-T) has signed a joint-venture agreement with Ashanti Goldfields (AHD-T) to develop the former’s Ebi/Teleku-Bokazo property in southwestern Ghana.In July, Semafo and Samax Gold, which was s…
AFRICA — NEWS ROUNDUP — Crew acquires copper mine smelter
Through an operating arm in South Africa, Vancouver-based Crew Development (CRU-T) has acquired an 81.47% interest in the O’okiep copper mine smelter in northwestern Cape Province.O’okiep comprises a …