GOLD FUNDS (June 05, 1995)
Gold Funds as of May 30BGRCentralNet Value$17.22$6.79Price$14.63$7.125Discount15.09%Premium4.9%Value$134,665,000$128,957,513…
News
Falco, Minorco complete purchase
The planned acquisition of Royal Dutch/Shell’s one-third interest in the Collahuasi copper project has been completed by Falconbridge (TSE) and Minorco.As a result of the purchase, Falconbridge and Mi…
Akiko cuts new zone at New Burgin project
Drilling on the New Burgin silver-lead-zinc project in Utah has intersected a new zone of gold-rich mineralization for partners Akiko Gold Resources (VSE) and Chief Consolidated Mining (NASDAQ).Hole C…
Great Lakes still eyeing Geomaque
Management of Great Lakes Minerals (TSE) is reviewing its options in the wake of the recent decision by Geomaque Explorations (TSE) to terminate merger talks between the two companies.Great Lakes Chai…
Proxy votes rejected at Minefinders meeting
The recent annual meeting of Minefinders (VSE) was a lively affair, with a group of dissident shareholders seeking to install a new management team and board of directors.In an information circular se…
Guyana funds Sabi expansion
The proceeds from a recent private placement will be used by Guyana Gold (VSE) to fulfill obligations related to a joint venture of the Sabi gold mine in Zimbabwe.The placement of more than 3.5 millio…
Deep drill hole data revealed
The Geological Survey Division of the Michigan department of natural resources has authorized the release of information from the core, logs and records of the state’s deepest, all-cored drill hole.Th…
Pangea boosts reserves at Fenn-Gib gold property
Shareholders at the recent annual meeting of Pangea Goldfields (TSE) were informed of developments on several properties being explored by the junior company.Drilling at the Fenn-Gib property in north…
Mining company wins award
Idaho-based Coeur d’Alene Mines recently picked up an environmental award for its Golden Cross mine, a 100,000-oz.-per-year gold operation in New Zealand.This brings to 10 the total number of national…
STOCK MARKETS — Voisey Bay exploration activity fuels western markets
Western markets remained somewhat lacklustre through the month of May, although activity related to interest in the Voisey Bay region of Labrador helped to reverse the downward trend over the report p…
STOCK MARKETS — Senior gold stocks rally despite listless eastern markets
Last week’s strong gains were somewhat tempered, as Toronto’s major index paused to take a breath, posting a small gain. During the 5-day reporting week ended May 30, the TSE 300 composite index added…
Mutual to merge with Golden Knight
The planned merger of Mutual Resources (TSE) and Golden Knight Resources (TSE) will result in the formation of a single company with 15 million shares outstanding, $25 million in working capital, no d…