GOLD FUNDS (May 15, 1995)
Gold Funds as of May 9BGRCentralNet Value$17.53$7.09Price$15.00$6.875Discount14.41%2.8%Value$137,025,000$124,432,688…
News
Spot prices at a glance (May 15, 1995)
Wednesday, May 10Price (US)Week’sChangeGold*$383.40-$5.40Silver*$5.48-$0.40Platinum*$435.50-$17.25Nickel**$3.15-$0.02Lead**$0.26-$0.01Copper$1.24-$0.01Zinc$0.46-…
NEWS ROUNDUP — Canyon reports loss for the quarter
Colorado-based Canyon Resources (NASDAQ) posted a loss of US$647,900 (or 3 cents per share) for the first quarter, compared with a loss of US$237,200 (or 1 cents per share) for the same period in 1994…
Coeur d’Alene liquidates assets
Silver-producer Coeur d’Alene Mines (NYSE) will sell two of its lesser assets.Flexaust, a manufacturing division which produces flexible hose and tubing, is being sold to subsidiaries of the German fi…
Aur steps up exploration drive
Now that the Louvicourt mine near Val d’Or, Quebec, is running smoothly, operator Aur Resources (TSE) plans to use its 30% share of cash flow to seek out nearby orebodies.”We plan to reinvest a good p…
NEWS IN BRIEF (May 15, 1995)
Adanac Mining & Exploration (ADN:VSE) and Bell Molybdenum Mines (BLY:VSE) have amalgamated and will be known under the latter name (BEM:VSE). Shareholders of both companies will consolidate on a share…
STOCK MARKETS — Voisey Bay, diamonds fail to spark western markets
Western markets took a breather from the rash of speculation concerning the Voisey Bay area of Labrador and diamonds in the Northwest Territories during the report period ended May 9.The Vancouver Sto…
Chase drills Bai Saripinang
Drills are turning at the Bai Saripinang gold project on the Philippine island of Mindanao.Vancouver-based Chase Resources (TSE) owns a 40% interest in the Philippine firm Bai Saripinang, which owns t…
EDITORIAL PAGE — Reducing risk through hedging
Mining is a risky business.Sometimes the risk takes the form of an operational surprise. In other instances, it may be an exciting drill hole that turns up empty. Still other risks include volatile me…
STOCK MARKETS — Precious metals lack lustre; Diamond Fields near $60
The gold price continued to trade sideways and the silver price tumbled during the report period ended May 9. On more upbeat news, the Dow Jones Industrial Average (DJIA) in New York continued to asto…
Battle Mountain posts profit
On the strength of higher gold production from the Kori Kolla mine in Bolivia, Battle Mountain Gold (NYSE) posted a profit for the first quarter.Net income was US$2.5 million which, after a preferred …
Meetings (May 15, 1995)
May 23, Antilles – general, extraordinaryMay 23, Cominco Res Int’l – annual, specialMay 23, Gold Trump – annual, generalMay 23, Northern Dynasty – annual, generalMay 23, Pangea – generalMay 23, Pinnac…