Ashanti dominates Accra exchange
Partially privatized gold producer Ashanti Goldfields of Ghana dominates economic activity on Accra’s fledgling stock exchange, according to figures released by a senior exchange official in Accra. As…
News
Electra increases capacity at Aurora plant in Nevada
By constructing a gold leaching plant at the Aurora mine near Hawthorne, Nev., Electra Mining Consolidated (VSE) hopes to boost capacity for processing ore, as well as accelerate gold recovery from th…
EXPLORATION ’95 — Kennecott plans more Honduran drilling
Results from recent exploration work have prompted Kennecott Exploration to plan further drilling for a gold-copper project in Honduras. The major, which has the right to earn a 60% interest in the pr…
EXPLORATION ’95 — Management of Westmin sees better times
Management of Westmin Resources (TSE) is expecting a significant improvement in its earnings and cash flow this year. Even though it posted a loss of $24.8 million for 1994, somewhat reduced from the …
NEWS ROUNDUP — More ground for Rio Narcea
Junior explorer Rio Narcea Gold Mines (TSE) has acquired mineral rights to three parcels of land in the western half of Spain’s Asturias region. The properties — known as the Navelgas, Oscos and Sala…
Adex announces Tequila Copper deal
TSE-listed Adex Mining reports that its subsidiary, Tequila Copper, has entered into a “letter of understanding” with International Pursuit (TSE) to form a joint venture to develop Tequila’s Asia Paci…
Maj. General to mine Rendell-Jackman
Vancouver-listed Major General Resources intends to mine the Rumbullion and Hammerdown zones as one deposit within the Rendell-Jackman gold property near Springdale, Nfld. The announcement follows con…
Kenrich funds work program
Replacing a previously announced financing, Kenrich Mining (VSE) has completed an $845,000 placement of units at 65 cents each. The units include one share plus a warrant, two of which give the holder…
Short Positions
Semi-monthly reports as of Feb. 15, 1995 showed 243,958,189 shares of 785 issues compared with 239,236,777 shares of 783 issues on Jan. 31, 1995. Larger individual positions included: Agnico-Eagle 115…
Louvicourt mine on track
Having unraveled some of the structural complexities of the orebody, Aur Resources (TSE) is preparing to cut the ribbon on Canada’s newest copper producer. The Louvicourt mine, discovered in 1989 and …
Spot prices at a glance (March 06, 1995)
Week’s Price (US) Change Gold* $376.30 – $2.70 Silver* $4.47 – $0.29 Platinum* $409.00 – $7.40 Nickel** $3.25 – $0.54 Lead** $0.25 – $0.02 Copper $1.28 – $0.03 Zinc $0.45 – $0.02 Courtesy of Scotiaban…
Gold Funds (March 06, 1995)
BGR Central Net Value $16.23 $6.52 Price $12.88 $6.25 Discount 20.67% 4.1% Value $127,058,000 $113,120,625…