GOLD FUNDS (December 05, 1994)
BGR Central Net Value $17.12 $6.67 Price $14.00 6.625 Discount 18.23% 0.7% Value $137,394,000 $119,907,863…
News
STOCK MARKETS — Gold and metal stocks help lift TSE
Stronger share prices in the gold and metals sectors helped the Toronto Stock Exchange post a modest gain over the 5-day report period ended Nov. 22. The composite 300 index rose 45.57 points to close…
STOCK MARKETS — Composite and resource indexes hit new lows
The Vancouver Stock Exchange composite and resource indexes bounced off new 52-week lows for the report period ended Nov. 29. The composite index hit 750.04 before closing at 755.48, down 7.5 points. …
Improvements made at Keystone
The Keystone gold mine in northern Manitoba is in the black. Equal partners Granduc Mining (TSE) and Black Hawk Mining (TSE) report that production between June 1 and Sept. 30 led to an operating prof…
Diabior, Garde find more gold
Montreal-listed partners Explorations Diabior and Garde, Societe d’Exploration Miniere have uncovered additional gold mineralization on their La Grande property in the James Bay Lowlands of Quebec. Tr…
Athabaska firms up resource
A new resource has been calculated for the Nicholas Lake project in the Northwest Territories.
Geomaque gets environmental permits for mine
Toronto-listed Geomaque Explorations has obtained the environmental permits that will enable it to operate the San Francisco mine in Mexico’s Sonora state. The heap-leach gold mine is being designed a…
The project, 60 miles north of Yellowknife, is estimated to
Not content to rest on past successes, Monarch Resources (TSE) continues to increase gold production. The company recently began producing gold at La Camorra mine and also increased production at its …
Law of the Sea treaty covers mineral rights
The Law of the Sea, a complex and controversial international treaty that sets down rules on how the seas’ bounty will be used, came into effect in mid-November. The United Nations treaty also tackles…
Survival plan for St Andrew
Recent losses are taking their toll on St Andrew Goldfields (TSE). The small gold producer filed an application under the Company’s Creditors Arrangement Act, seeking a stay of proceedings and authori…
EXPLORATION ’94 — Cominco Res. intersects new Saray
Two years of exploration efforts in Turkey appear to be paying off for Cominco Resources International (TSE). A second phase of drilling on the Saray property, 5 km from the Black Sea and near the tow…
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…