News

Gold Funds as of January 4, 1996BGRCentralNet Value$18.27$6.69Price$14.50$6.500Discount20.63%2.8%Value$142,843,000$117,645,450…

Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…

Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …

Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…

The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…

Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…

ExchgValue ($000s) High Low Close ChangeBarrick Gold T356593$39 3/437 3/839 5/8+2 1/2Placer Dome T206900$36 7/834 3/436 7/8+2 1/4Inco Ltd T112619$45 7/843 3/443 3/4-1 3/4Diamon…

Alberta-listed Nebex Resources has optioned another concession in Albania, bringing its total land holdings there to more than 1,000 sq. km.The latest option agreement concerns the 200-sq.-km Radomir …

Toronto-listed MSV Resources has announced a normal course issuer bid for up to 5% of its outstanding shares.The shares will be bought on the open market over a 1-year period ending Dec. 19, 1996.

Justin Rice appointed senior mining consultant.

Luis Illich appointed vice-president of operations.

Information on Global Mining Opportunities Symposium, to be held in Toronto on Jan. 25, can be obtained by phoning Keith Spence at (416) 867-6467. An incorrect number was given in our issue of Dec. 25…