GOLD FUNDS (June 05, 1995)
Gold Funds as of May 30BGRCentralNet Value$17.22$6.79Price$14.63$7.125Discount15.09%Premium4.9%Value$134,665,000$128,957,513…
News
EDITORIAL PAGE — Rivalry in the Big League
The world’s largest mining companies are continuing to hold their place in the sun despite some intense competition from ambitious companies anxious to make it into the Big League.Granted, increased g…
Drilling cuts ore grade intersections at Red Lake
Surface and underground drilling at Goldcorp’s (TSE) Red Lake mine continues to intersect ore-grade mineralization, suggesting continuity of the hosting structures and mineralization.In addition, unde…
Venoro to acquire gold mine interest
An agreement reached with Colombia-based Sociedad Agrominera El Cerro sets the stage for Venoro Gold (VSE) to acquire an interest in a small, operating gold mine in Antioquia, Colombia.Agrominera will…
Positive results for Rea Gold
During the first quarter of this year Rea Gold (TSE) achieved a profit of $369,095, or 1 cents per share, compared with a loss of $86,328 for the same period last year.The first quarter earnings are d…
PRODUCER PRICES (June 05, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (May 12, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIUM…
Index (June 05, 1995)
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METAL PRICES — FREE MARKET (June 05, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 30 May 29May 26May 25May 24Copper2853-2854N/A2843-28442862-28642823-2824Lead606.5-607N/A605-605605.5-607.5606.5-607.5…
Royalstar Resources aims to revive Tonkin Springs gold mine
Vancouver-based Royalstar Resources (VSE) has acquired an interest in the Tonkin Springs gold project, a re-emerging gold producer situated in central Nevada.The company acquired the interest with the…
Coral and Amax Gold reach new agreement
A new agreement is in place that allows Amax Gold (NYSE) to continue to earn a 60% interest in Coral Gold’s (VSE) Robertson project. The property lies within the Battle Mountain trend in Nevada’s Cres…
DIAMOND NEWS ROUNDUP — Parcel of diamonds from Diavik sent for valuation
This month, Kennecott Canada is expected to decide if it will proceed with an underground bulk-sampling program on the A-154 South kimberlite in the Lac de Gras region of the Northwest Territories. Th…
Falco, Minorco complete purchase
The planned acquisition of Royal Dutch/Shell’s one-third interest in the Collahuasi copper project has been completed by Falconbridge (TSE) and Minorco.As a result of the purchase, Falconbridge and Mi…