Drilling under way at Big Gossan
Drilling of the western extension of the Big Gossan copper-gold deposit in Indonesia has returned high-grade values for Freeport-McMoRan Copper & Gold (NYSE). Situated 1 km from the company’s mill on …
News
Kennecott deal sets precedent
In what is described as a “win-win” situation, the U.S. Forestry Service will allow a subsidiary of Kennecott to explore for and extract minerals from a parcel of land within the Tongass National Fore…
NEWS ROUNDUP — Aussies set sights on Cliff Resources
Shares of Australian-based Black Hill Minerals and Strategic Industry Investments will be exchanged for shares of Cliff Resources (TSE). Although the exchange ratios have not been determined, the dire…
Negotiating an overseas property agreement (2)
The author concludes his 2-part article, the first instalment of which described the principal elements of the standard mineral option and joint-venture agreement used in Canada and the U.S. The secon…
PEOPLE — CYPRUS CLIMAX METALS (January 09, 1995)
William Champion appointed senior vice-president of copper operations; C. Consulas appointed vice-president and general manager of the Bagdad copper mine.
COMMENTARY — Figuring out the market
Analyst David Williamson in London ponders the ups and downs of the market in a recent edition of his “International Mining Review” newsletter: Recently, I have been focusing on the values that the ma…
NEWS ROUNDUP — Viceroy looks to Argentina
The right to earn a half interest in an Argentine exploration company gives Viceroy Resources (TSE) a valuable foothold in that country. Viceroy can gain its stake in Minas Argentinas by spending US$3…
MK Gold plans Jerooy mine
Construction is expected to begin this year on MK Gold’s (NASDAQ) Jerooy gold project in the former Soviet republic of Kyrgyzstan. A feasibility study, approved by the company’s Kyrgyz partner, outlin…
NEWS IN BRIEF (January 09, 1995)
Kancana Ventures (KCV:VSE) has changed its name to Walron Minerals Corporation (WMN:VSE) on a 1-new-for-4-old-share basis.
Paramount adds to Argentine holdings
Based on an agreement with a group of five mineral property owners, Paramount Ventures & Finance (VSE) will acquire rights to more than 27,500 hectares of gold and copper prospects in Jujuy province i…
STOCK MARKETS — Weakened diamond issues take shine off
For many investors (especially those with good timing), 1994 was a reasonable year, as evidenced by a rise in the Vancouver Stock Exchange composite index to a high of 1,171.13 for a gain of more than…
GOLD FUNDS (January 09, 1995)
BGR Central Net Value $17.27 $6.69 Price $14.13 6.75 Discount 18.22% Premium 0.9% Value $136,330,000 $122,170,275…