GOLD FUNDS (October 30, 1995)
Gold Funds as of October 19BGRCentralNet Value$17.38$6.51Price$13.38$6.375Discount23.02%2.1%Value$135,846,000$115,383,038…
News
Curator cuts costs at Boleo
By buying into the underlying owner of the Boleo copper-cobalt project in Baja California Sur, Mexico, International Curator Resources (TSE) has reduced its property costs by $11.6 million.Curator pai…
Derivatives study calls for greater controls, fewer risks
An international survey on the use of derivatives concludes that investment funds are needed to improve risk management.The survey, conducted by Ernst & Young, polled more than 140 investment manageme…
Diamond Fields confirms strike extensions of Voisey
As a result of recent drilling at the Voisey Bay copper-nickel-cobalt project in Labrador, Diamond Fields Resources (TSE) concludes that two other zones of sulphide mineralization exist, one east and …
GOLD FUNDS (October 23, 1995)
Gold Funds as of October 12BGRCentralNet Value$17.37$6.58Price$13.88$6.500Discount20.11%1.2%Value$135,788,000$117,645,450…
NEWS IN BRIEF (October 23, 1995)
La Cleba Minerals (LCE:VSE) has changed its name to Lowell Petroleum (LP:VSE).
Shareholders approve Royal Oak acquisitions
Shareholders of Geddes Resources (TSE), El Condor Resources (VSE) and St. Philips Resources (VSE) separately approved a previously announced plan of arrangement which will result in Royal Oak Mines’ (…
Atlas poised to restart Nevada’s Gold Bar mine
Using its equity interest in Granges (TSE), New York-listed Atlas is securing financing to resume mining at its Gold Bar mine in central Nevada.Atlas will receive US$11 million from two Canadian secur…
COMMENTARY — Rhetoric over reason
Recent criticism of the mining industry expressed by Interior Secretary Bruce Babbitt shows that “he continues to rely on rhetoric over reason, and places politics over policy in his quest to drive th…
LABRADOR NEWS ROUNDUP — Drilling continues at Boundary Block
Preliminary drilling on the Boundary Block of claims 75 km northwest of the Voisey Bay discovery in Labrador has returned only anomalous copper, nickel and cobalt values.Dragoon Resources (VSE) and Co…
Loki finances heap leaching in Yukon
A private placement of 11.2 million special warrants has netted more than $20 million for Loki Gold (TSE), clearing the way for heap-leach production at the Brewery Creek gold project in the Yukon.Eac…
Queenstake drops Kazak copper project
Following a due diligence review, Queenstake Resources (TSE) has opted to drop its option to acquire an interest in the Kenjetal copper project in Kazakhstan.The company determined that although the s…