GOLD FUNDS (July 12, 1993)
Gold Funds as of July 6 BGR Central Net Value $13.48 $6.01 Price $11.50 $6.250 Discount 14.66% 4.0% Value $75,483,000 $113,120,625…
News
PEOPLE — MINERA OUTOKUMPU CHILE SA
Fernan Ibanez appointed director. N5…
Davidson Tisdale
Toronto-listed Davidson Tisdale can buy a 50% interest in the Davidson Tisdale and Beaumont properties near Timmins, Ont. Davidson, which already owns half the properties, can buy the additional inter…
Abior, Soquem in option deal
Montreal-listed Explorations Abior can earn a 50% interest in an 18-claim diamond property in the Desmaraisville area of northwestern Quebec, near Le Tac Twp. The deal is part of an option agreement w…
A visit to a small Argentine mine — New zone developed at
A new zone is being developed at the Farallon Negro epithermal gold-silver-manganese deposit, deep within the foothills of the Argentine Andes. About 300 tons per day are mined from the No. 1 vein sys…
NEWS ROUNDUP — Cambior buying all of Grevet
The jointly owned Grevet zinc project southeast of Matagami, Que., will soon have one proprietor. Toronto-listed Cambior has reached an agreement (subject to regulatory approval) with Serem-Quebec to …
EDITORIAL PAGE — Mild relief for juniors
It took the Prospectors and Developers Association of Canada one and one-half years of quiet, behind-the-scenes diplomacy and just plain jawboning, but the effort was worth it. The Ontario government,…
NEWS ROUNDUP — Cominco options western lead-zinc
Base metal miner Cominco (TSE) has optioned the Swan and Rap lead-zinc properties in the Omineca region of northeastern British Columbia from Stratabound Minerals (ASE). Cominco can earn an initial 51…
LETTERS TO THE EDITOR — Accidents not fault of workers
I am concerned that your article “Improper motivation main cause of accidents” (T.N.M., June 7/93) may leave readers with the mistaken impression that the Mines Accident Prevention Association of Onta…
Stock sheds $9 on news — Dia Met results not positive
The latest results from the Dia Met-BHP property support previous declarations that the Northwest Territories may host one of the highest-grade diamond fields in the world, analysts say. But until fur…
Gold coin sales on the upswing
Global sales of five leading international gold bullion coins increased by 56% during April and May compared with last year, the World Gold Council reports. Sales during the two months represented 270…
EDITORIAL PAGE — Currency turmoil, inflationary fears seen
At the present rate of progress, it will not be long before the Japanese yen is worth a whole American cent. The reason for the soaring yen is clear: a surplus on the current account of Japan’s balanc…