Gold funds as of August 29
MPV BGR Central Capital Net value $11.66 $ 5.87 $0.57 Price $ 9.75 $ 5.88 $0.34 Discount 16.38% 0.1% 40.3% Value $69,422,250 $98,795,506 N/A…
News
Gold Standard sues Barrick for breach of fiduciary duty
An attempt by Utah-based Gold Standard Inc. to win full ownership rights to the Mercur gold mine from American Barrick Resources (TSE) has taken what may be a significant new turn. Against the objecti…
Goldteck says drilling extends Nevada deposit
Encouraging drilling results from the Belleview gold property in Nevada have been reported by Goldteck Mines (TSE). The company says the results indicate the deposit extends a considerable distance to…
Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…
FINANCING (September 04, 1989)
American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…
COATS (over-the-counter) Dayton gains 80 cents
Dayton Porupine Gold Mines was up sharply by 80 cents this week with trading in the $1.95-$2.15 range. There is talk of a possible Dayton underwriting at the $3 level. The junior company, controlled b…
Rogi options Aur property
Recently reaching agreement with Aur Resources (TSE) to earn up to a 45% interest in Aur’s 9-claim Lourmet property in Louvicourt Twp. near Val d’Or, Que., was Exploration Rogi (ME). The copper-zinc-s…
Editorial Governments taking more than their share
Even with British Columbia’s mining industry reporting its best earnings in 10 years, future growth is far from guaranteed. Perhaps the most startling figure to come out of an annual review of the i…
Aur calls bailiff to seize shares pending lawsuit
A cloak and dagger style raid on St. Genevieve Resources’ (TSE) Montreal offices is the latest event in a continuing dispute between St. Genevieve and Toronto-based Aur Resources (TSE). On Aug 23, bai…
Orex considering production start-up near access ramp
Production start-up at the Goldboro gold property in Nova Scotia should focus on a small area of the property near the access ramp, Exploration Orex (ME) reports. The area recommended for mining is 45…
Malartic completes Congress purchase
Acquisition of the Congress gold mine near Wickenburg, Ariz., by Malartic Hygrade Gold Mines (Canada) (VSE) from Echo Bay Mines (TSE) has been completed, Malartic reports. The sale of the mine for sha…