Gold funds as of Mar. 27
MVP BGR Central Capital Net value $12.09% %$6.06% $0.40% Price $10.75% %$6.62% $0.29% Discount 11.08% %9.3%5 27.5% Value $71,973,764 $102,052,117 N/A…
News
Garbage in — Garbage out
Consider the opportunity to invest in one of two mine development projects. Both are gold mines in northern Ontario, both have the same grade, the same reserves and the same operating conditions. The …
Alaska placer mines yield 297,900 oz., best year since ’42
Placer and lode mines in the state of Alaska collectively turned out 297,900 oz. gold in 1989, the highest amount produced since 1942. The precious yellow metal was also the most valuable mineral comm…
Carolin Mines changes name, revives Ladner Creek project
After a long and checkered history as Carolin Mines (NASDAQ), the U.S. company has recently changed its name to Anglo Swiss Mining (NASDAQ), and is starting anew at the Ladner Creek Gold Mine project …
New promise for gold, silver in Minnesota
Recent geologic studies in northern Minnesota indicate a greater potential for gold and silver in the area than was previously estimated, J.R. Clark, a U.S. Geological Survey scientist, told a meeting…
New Horne contract
More than 700 unionized workers at the Horne division of Noranda Minerals at Rouyn-Noranda, Que., recently voted 62% in favor of a new 3-year labor contract. Salaries will have risen by about 19% by t…
Jonpol seeks financing for Garrison Twp. plans
Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…
COATS (over the counter) Black Gregor drops
Effects of the dramatic drop in the gold price for the week ended March 27 were felt even by some of the small traders on the over-the- counter market. Despite the discovery of three “promising” gold …
Deak Res. completes Kerr mill purchase
Total consideration paid to creditors of bankrupt Golden Shield Resources by Deak Resources and GSR Mining is valued at about $10.6 million, Deak reports. In addition, eight million shares of GSR are …
Glen Auden active on Noranda claims
The latest phase of a diamond drill program consisting of seven holes (5,216 ft.) has been completed on the Joburke Mine project, west of Timmins, Ont. Glen Auden Resources (TSE) says targets previous…
Accident rates down in Ontario mining
Ontario’s mining industry in 1989 had the lowest injury rate ever recorded in its history, reports the Mines Accident Prevention Association Ontario (MAPAO). Injuries requiring medical attention fell …
Kennecott plans to earn into four High Frontier properties
A letter of intent has been signed which, if carried to a final agreement, would allow Kennecott to earn a 40% interest in four properties owned by High Frontier Resources (VSE). Kennecott, a wholly o…