Gold Funds (November 06, 1995)
Gold Funds as of October 26BGRCentralNet Value$17.00$6.71Price$13.75$6.500Discount19.14%3.1%Value$132,943,000$117,645,450…
News
Joutel starts drill program for Cuban gold properties
Drilling is under way on the first of seven drill projects in Cuba owned by Joutel Resources (TSE). The program represents 70 holes and 12,300 metres of drilling.In October, drilling wound down on the…
Lysander drilling at Passagem
The first phase of drilling is under way at the Passagem mine property in Brazil.Lysander Gold (VSE) can acquire an 80% indirect interest in the Passagem, one of Brazil’s oldest and longest-producing …
Teck and Getchell review drill results from Rainbow
Partners Getchell Resources (VSE) and Teck (TSE) are reviewing this year’s results from exploration of the Rainbow property near Kamloops, B.C., to determine the extent of the next phase of work.Teck,…
Mount Nansen passes environmental hurdle
The Regional Environmental Review Committee in the Yukon has delivered its screening report on the Mount Nansen gold project operated by BYG Natural Resources (TSE), clearing the way for possible prod…
METAL PRICES — FREE MARKET (November 06, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateOct. 31 Oct. 30 Oct. 27Oct. 26 Oct. 25Copper2828-2833 2767-2772 2808-28132858-28632786-2791Lead691-693 691-693 701.5-703.5 703-…
Cyprus explores Turgeon project
Geophysical surveys are under way at the Turgeon joint venture of Cyprus Canada and Glen Auden Resources (CDN) in Quebec.Airborne magnetic and electromagnetic data have been reprocessed, and 17.2 km o…
Metal prices mean bonanza for Noranda
Stronger prices for copper, nickel and aluminum enabled Noranda (TSE) to earn $411 million for the nine months ended Sept. 30, more than double the figure for the same period in 1994.The resource gian…
Copper prices boost Gibraltar earnings
Strong copper prices helped Gibraltar Mines (TSE) earn almost $3 million on revenues of $71.1 million for the first nine months of 1995.The company milled 11.8 million tons grading 0.27% copper at its…
Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…
Rio sells interest in Atlas Steels
Bidding is over in the Atlas Steels auction. Owner Rio Algom (TSE) has agreed to sell its 51% share in the Australian specialty steels firm to Email for A$66.4 million ($68.4 million Canadian).Rio Alg…
Placer Dome gains stake in Goldboro
Montreal-listed Orex Exploration has optioned a share of its Goldboro property to Placer Dome (TSE).Having investigated the environmental conditions of the Nova Scotia gold property, the major has con…