Gold Funds (June 02, 1997)
Gold Funds as of May 22, 1997BGRCentralNet Value$21.05$5.80Price$15.75$5.
News
Securities regulators pursue Naxos
Alberta securities regulators have filed a notice of hearing against Naxos Resources and company insiders Jimmy John, Ian Gordon, Carl Campbell, Sidney Kemp, Antony Moilliet and Frederick Arkoosh Jr.T…
NEVADA — Mineral Ridge poised to enter production
Cornucopia Resources (CNP-T) will soon pour the first gold from its wholly owned Mineral Ridge mine, near the town of Silver Peak in Esmeralda Cty.The 2,685-Acre property comprises 173 claims and incl…
Eldorado expands Brazilian gold producer
The cost of expanding the Sao Bento gold mine in Brazil led to a loss of US$1.6 million for Eldorado Gold (ELD-T) in fiscal 1996, compared with a loss of US$2.2 million in the previous year.The mine, …
Meadowbank gold deposit expected to increase
Based on initial results from ongoing diamond drilling, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) are anticipating an increase in resources at their jointly held Meadowbank gold prope…
Rea Gold posts first-quarter loss
A low gold price took the wind out of Rea Gold’s (REO-T) sails during the first quarter.For the 3-Month period, the junior posted a loss of $5.8 million on revenue of $3.1 million, compared with a los…
Sur American detects IP anomaly
A geophysical survey by Sur American Gold (SUR-A) at its Mina Rica property in western Colombia has outlined a large volume of moderate-To-high resistivity over an area measuring 1,000 by 300 metres.T…
NEVADA — Nevada Manhattan ships ore to new CIP mill
Nevada Manhattan Mining (NVMH-O) has shipped its first batch of ore to a new carbon-in-pulp mill in central Nevada. The mill is owned by New Concept Mining, a subsidiary of American Technologies Group…
NEVADA — Mirandor options ground
Montreal-based Mirandor Exploration (MIQ-M) has optioned a gold property situated next door to its Railroad project, southwest of Elko.Dubbed the Dixie project, it consists of 92 unpatented mining cla…
McWatters to buy Kiena and Sigma
Rouyn-Noranda-based McWatters Mining (MCW.A-M) has signed a $US70-Million deal with Placer Dome (PDG-T) to buy the Kiena and Sigma gold mines, along with 18 exploration properties in and around Val d’…
THE DIAMOND PAGE — United Reef mines in C.A.R.
Operator United Reef (URP-T) reports that mining has started at the MBala site on the Bamingui River diamond property in the Central African Republic.A 30-Tonne-per-hour plant is expected to be operat…
NEVADA — Camnor eyes Alum property
A recent letter agreement sets the stage for Camnor Resources (CMB-V) to acquire a 100% interest in the Alum property in Nevada’s Emerald Cty.The Vancouver-based junior also plans to acquire a 100% in…