GOLD FUNDS (June 29, 1992)
BGR Central Net Value $8.15 $5.09 Price $6.75 $4.65 Discount 17.14% 8.60% Value $48,503,000 $78,232,995…
News
MINER DETAILS (June 29, 1992)
Some people call J. Patrick Sheridan a genius. Others refer to him in more colorful terms. However you describe him, there’s no disputing he has done well for himself. The latest major deal for the “m…
Musto seeks funds for Argentine project
In order to raise funding for a feasibility study on the Bajo de la Alumbrera copper-gold property in Argentina, International Musto Exploration (VSE) recently filed a preliminary prospectus for a com…
Sudbury Contact drilling for kimberlites on Panthco
Toronto-based Sudbury Contact Mines (CDN) is currently drilling on ground held by Panthco Resources (CDN) as part of an exploration drive to find more kimberlite pipes around Kirkland Lake, Ont. In or…
Struggling junior gets a break– High grade lifts St Andrew
Management and 105 employees at St Andrew Goldfields (TSE) have seen their fair share of setbacks since the Stock Twp. gold mine was brought into production in July, 1989. But after finding some unexp…
Claim against Ontario Hydro key to survival for Denison
While certainly not out of the woods yet, Denison Mines (TSE) isn’t looking like quite the basket case it was when hard-driving Bill James took over its reins. This former Cinderella stock that enjoye…
The size of a pop can’s pull-tab and worth about US$3
The ancient Greeks called diamonds “splinters of the stars.” That was before Hollywood became the home of stars but, nevertheless, there is a connection. Both kinds of stars have an affinity for one a…
Dwindling supply of diamonds spurs exploration
De Beers, which markets more than 80% of the world’s rough gem diamonds, says the supply of quality stones could be exhausted by the end of the century if the demand for gemstones maintains its histor…
Gasser looks to Taylor Twp.
Recent encouragement at the Stock Twp. gold mine near Timmins, Ont., has persuaded St Andrew Goldfields (TSE) to look at the possibility of doing more drilling on its adjacent Taylor Twp. claims. Alth…
Billiton buys BP’s stake in Selbaie
As part of a continuing effort to concentrate on its oil and gas business, BP Canada (TSE) recently agreed to sell its 61.11% stake in Les Mines Selbaie to partner Billiton Metals Canada. Having signe…
Rio not funding Kemess work, partners consider alternatives
Partners St. Philips Resources (VSE) and El Condor Resources (VSE) are reviewing financing alternatives after Rio Algom announced it will not fund St. Philips’ portion of this year’s exploration costs…
Inco boosts size of debenture issue
The size of a U.S. dollar debenture offering has been increased by Inco (TSE) to US$200 million from US$150 million (T.N.M., June 15/92) because of strong investor demand, the company says. The debent…