GOLD FUNDS (December 13, 1993)
BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…
News
Spot prices at a glance (December 13, 1993)
Price (US) Week’s Change Gold* $377.15 + $7.05 Silver* $ 4.96 + $0.53 Platinum* $376.75 + $10.00 Nickel** $ 2.26 + $0.16 Lead** $ 0.20 + $0.01 Copper $ 0.76 + $0.02 Zinc $ 0.45 + $0.03 Courtesy of Sco…
STOCK MARKETS — News drought leaves western markets adrift
A general lack of market-moving news left western indexes drifting over our report period ended Dec. 7. The Vancouver Stock Exchange resource index added 6.67 points to close at 1,536.73 while the bro…
FINANCING (December 13, 1993)
Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…
STOCK MARKETS — Seniors seem indifferent to gold’s strength
Gold bullion closed strongly again this week, rising to US$377.15 per oz. Most of the senior gold shares, however, responded weakly. The exception was Franco Nevada. It gained $4.25 to close at $93 by…
New Teddy Bear program under way
Drills are turning on ground 1 km west of the Lightning zone in northeastern Ontario. The property is 40%-owned by Teddy Bear Valley Mines (CDN), 36% by Hemlo Gold Mines (TSE) and 24% by Freewest Reso…
FACTS & FIGURES — New Mexico’s Mogollon district site of
The Mogollon mining district in southwestern New Mexico is one of those mining areas that always seems to be on the verge of a rebirth. Between 1885 and 1944, the district produced 2.1 million tons of…
Ram claims record for raise
A member of the J.S. Redpath group of companies, Ram Raising, is claiming a world record for the longest Working at the Detour gold mine of Placer Dome near Timmins, Ont., Ram says it excavated a rais…
OBITUARY — Robert Stevenson
Geological engineer Robert Stevenson has died suddenly in Vancouver. He was 67. A native of Hamilton, Ont., he graduated in 1952 from the University of Toronto with a BASc. degree in mining geology. H…
Fairfield completes bulk sampling
Based on underground test mining at its Siwash North gold project near Merritt, B.C., Fairfield Minerals (TSE) estimates mining costs will be less than US$150 per oz. A 230-ton bulk sample mined from …
THE DIAMOND PAGE — Speculation mounts that some Lac de Gras
The rumor machine is in overdrive as speculation mounts that some type of merger may be in the works between junior companies involved with Kennecott in the Lac de Gras region of the Northwest Territo…
Nine new Mining Hall of Fame inductees
Nine new members will be inducted into the Canadian Mining Hall of Fame at a Jan. 10, 1994, dinner ceremony at Toronto. The nine were chosen from a list of 19 nominees announced previously by the Mini…