GOLD FUNDS (June 20, 1994)
BGR Central Net Value $17.84 $6.80 Price $15.13 $7.50 Premium 10.3% Discount 15.21% Value $144,935,000 $135,744,750…
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (June 20, 1994)
— 1994 — June 14 June 13 June 10 June 9 June 8 High Low Composite”300″ 4198.57 4206.76 4210.51 4196.79 4201.26 4609.93 3518.31 Metals&Minerals 3761.68 3812.76 3770.71 3703.57 3653.62 3879.59 3273.56…
Cache releases Cuvier property results
Results from two drill programs indicate significant gold mineralization occurs on the Cuvier property near Chibougamau, Que. Last winter, Cache Explorations (ME) drilled 24 holes, which was preceded …
STOCK MARKETS — Separatism fears hit sour note on Bay St.
Fears over Quebec separation continued to exert downward pressure on money markets, with the Toronto Stock Exchange (TSE) posting its sixth loss in the past seven days. The TSE 300 index dropped 8.19 …
METAL PRICES — FREE MARKET (June 20, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 2393-2395 2397-2398 2371-2373 2386-2387 2370-2371 Lead 534.5-535 529-530 523-524 520-521 51…
NO HEADLINE (June 20, 1994)
Monk increases Argentine property holdings Alberta-listed Monk Gold & Resources has agreed to acquire a 39% interest in the Neuquen River gold project in west-central Argentina from privately owned DS…
Stewart area an anomaly of activity in idle B.C.
While exploration and development are declining in many parts of British Columbia, the region surrounding the historic mining town of Stewart, B.C., is anything but quiet. The mineral-rich district is…
Gaspe workers sign contract
Unionized workers at the Gaspe Mines division of Noranda Minerals voted recently to accept a new 3-year contract after going on strike for two weeks. The 440 union members voted 58% in favor. The work…
$1.4-billion Falconbridge issue one of the largest in Canada
Strong base metal markets, particularly for nickel and copper, have helped a syndicate of underwriters float one of the largest Canadian equity issues of all time. A prospectus for almost 72 million s…
Altai expands project search
Toronto-based Altai Resources (TSE) is expanding its search for international projects. The junior already has prospects in Canada, the U.S., Guyana, Peru and Ghana — and at the recent annual meeting…
Metall Mining gives Troilus the go-ahead
After deciding earlier this year to shelve the Izok Lake base metal project in the Northwest Territories, Metall Mining (TSE) has given the go-ahead for development of a gold project in northwestern Q…
Firesteel plans drill program
Exploration will begin in mid-July on the Zo lead-zinc-gold-silver property in the Tulsequah region of northwestern British Columbia. The property, owned by Firesteel Resources (ASE), has not been dri…