GOLD FUNDS (September 12, 1994)
BGR Central Net Value $17.77 $6.81 Price $15.88 $7.50 Premium 10.1% Discount 10.67% Value $144,380,000 $135,744,750…
News
TORONTO STOCK EXCHANGE INDICES (September 12, 1994)
— 1994 — Sep 6 Sep 5 Sep 2 Sep 1 Aug 31 High Low Composite”300″ 4347.17 N/A 4344.22 4344.34 4349.50 4609.93 3518.31 Metals&Minerals 4058.75 N/A 4071.17 4066.32 4093.80 4096.72 3273.56 Integrated Min…
Accident claims two geologists
Geologists Jeffrey Deen, 36, and Mark Burnett, 21, died on the night of July 12, when their vehicle veered off a mountain road near Cerro de Pasco, Peru. Also killed was driver Pablo Villajuan Caso, 2…
Patrician completes financing
Alberta-listed Patrician Gold Mines has completed an initial public offering valued at $1.6 million. The financing consists of 1.6 million units, with each unit consisting of one common share and a co…
Cambiex to drill Cambior properties
Montreal-listed Cambiex Exploration has discovered a new gold-bearing quartz vein on the Annie Laurie property in Utah. This brings to five the number of gold-bearing veins found on the property. The …
Gundy addressing CIM luncheon
The president of Advanced Material Resources (AMR) will speak at the Sept. 14 luncheon of the Mineral Economics Society (Western section) of the Canadian Institute of Mining, Metallurgy and Petroleum….
NEWS ROUNDUP — Dynacor plans drilling program
A private placement of shares has allowed Mines Dynacor (ME) to raise $50,000 to undertake a small surface drilling program at its Siscoe gold project near Val d’Or, Que. The company, which changed it…
NEWS ROUNDUP — Repadre funds Fairmile play
Additional exploration of the Buffalo Valley gold property in Nevada will be funded through a royalty and financing agreement with Repadre Capital (TSE). Fairmile Acquisitions (ASE), which can acquire…
TVI Pacific drilling project on island in Philippines
Two drills are at work at the Canatuan copper-gold property of TVI Pacific (ASE) on the Philippine island of Mindanao. An initial 27-hole program is testing the relatively flat-lying deposit’s 1.2-km …
Spot prices at a glance (September 12, 1994)
Week’s Price (US) Change Gold* $388.40 + $2.15 Silver* $ 5.51 + $0.15 Platinum* $419.75 + $7.75 Nickel** $ 2.79 $0.00 Lead** $ 0.27 $0.00 Copper $ 1.12 – $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
Nelson earning interest in Tajikistan gold venture
Bermuda-based Nelson Trade & Finance (TSE) will acquire Commonwealth & British Minerals, which is involved in a gold-mining joint venture with the Tajikistan government. Nelson already has a 20% stake…
Stratmin gets stake in Applied Carbon
Graphite producer Stratmin (ME) will buy 52% of the issued and outstanding shares of Applied Carbon Technology (TSE), its main competitor in North America. Applied Carbon’s main assets are a blending …