News


Toronto Stock Exchange Indices (September 26, 1994)

Composite “300” 4376.87 4435.96 4403.85 4385.46 4345.03 4609.93 3518.31 Metals & Minerals 4163.53 4250.59 4230.77 4164.35 4097.43 4270.14 3273.56 Integrated Mines 4368.54 4467.29 4447.10 4358.41 4294….


Modest silver price hikes forcast

The best-performing metal in 1993 may have been silver, but Metals & Minerals Research Services sees only modest price increases for the metal in the years ahead. However, the London-based company, wh…



Caldera government imposes strict economic measures

Venezuelan Financial Affairs Secretary Luis Raul Matos has defended the strict economic measures taken recently to overcome the country’s financial crisis, saying the government was taking a “pragmati…


Gold Vessel drilling in El Callao district

A second phase of drilling has been completed on the Choco-6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE) is earning a half interest in the property from a private Venezuela…


Kinross ups reserves at Candelaria project

Toronto-based Kinross Gold (TSE) has delineated more underground and open-pit reserves at its Candelaria gold-silver mine near Hawthorne, Nev. At the Northern Belle pit, drilling confirmed minable res…


Greenstone plans to raise $10 million in financing

Toronto-listed Greenstone Resources, together with the Emerging Markets Gold Fund, plans to raise US$10 million to fund work at its gold projects in Nicaragua and Honduras. The funding will consist of…


Gregor to drill Hemlo area bet

An 8-week drill program will begin shortly on Gregor Goldfields’ (CDN) gold property near Hemlo, Ont. This program will test two targets — the South Lake and North Hill areas — which are about 1,600…


American active at San Gregorio

With development permits in hand, American Resource (USOTC) is proceeding with engineering work on its San Gregorio gold project in Uruguay. The contract will entail fine-tuning the open-pit plan, dev…


Gold Funds (September 19, 1994)

BGR Central Net Value $17.93 $6.94 Price $15.88 $7.50 Premium 8.1% Discount 11.47% Value $145,682,000 $135,744,750…



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