GOLD FUNDS (December 31, 1990)
BGR Central Net value $9.48 $5.41 Price $8.50 $4.850 Discount 10.34% 10.4% Value $56,437,781 $81,597,855…
News
U.S. projects boost reserve estimates
A number of new mines opened in the southwestern U.S. during the past year. At the same time, a few exploration bets proved up to be substantial mineral deposits. For example, Crown Butte Resources (T…
Adelaide problems ironed out
A settlement has been reached between Gold King Consolidated (VSE) and the mining contractor at the Adelaide Crown gold mine in Nevada. Operations at the mine were suspended recently as a result of a …
Alberta Stock Exchange Valdez gains 14 cents
A recent upward trend in the price of gold bullion helped boost the shares of Valdez Gold 14 cents higher to the 44 cents level during the week ended Dec. 24. Valdez, an indirect wholly owned unit of …
Indians’ control of land will frustrate development
Is there any future for resource development in Ontario? The federal and Ontario governments, for example, have signed an interim agreement with northern Ontario Indians that gives tangible recognitio…
Toronto Stock Exchange Profit-takers spell end to brief gold price
It is, as they say, the season to be jolly. But as the Christmas festivities moved into full swing during the week ended Dec. 24, mining executives were contemplating what moves to make after the turk…
Moss-Power picks up options on ground in Wisconsin belt
Options on 50,000 acres of ground along the Rhinelander- Ladysmith greenstone belt in Wisconsin will go to Moss-Power Resources (TSE), following an agreement between Moss-Power and Wisconsin Resources…
Commission warns of bogus precious metal, oil and gas ventures
The Saskatchewan Securities Commission is warning the public to be wary of promoters who would capitalize on developments in the Persian Gulf by selling investments in precious metals. Although the re…
Bema completes gold loan
Capital costs for the Buffalo Gulch gold mine in Idaho are being provided to a subsidiary of Bema Gold (TSE) through a gold loan from New York- based Sharps Pixley, a unit of Kleinwort Benson of Londo…
Freewest reserves explanding _ New figure out soon
Partners Noranda (TSE) and Freewest Resources (TSE) are likely to announce a major increase in reserves soon for the Lightning gold zone on their Holloway project near Matheson, Ont. At the beginning …
Merger a possibility for Denison
The list of possible solutions to the financial problems facing Denison Mines (TSE) has been expanded to include a merger with another interested party, newly appointed President Bill James confirmed …
Spot prices at a glance (December 31, 1990)
Week’s Price (US) Change Gold* $376.80 + $4.90 Silver* $ 3.97 — $0.09 Platinum*$416.00 — $7.60 Nickel** $3.76 + $0.09 Lead** $0.28 — $0.02 Copper- $1.12 — $0.01 Zinc– $0.57 — $0.03 Courtesy of S…