GOLDFUNDS2 (November 19, 1990)
Gold funds as of Oct. 16 MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Articles by Northern Miner Staff
Aurora to drill Best Chance
A 4-hole reverse circulation drill program is planned for the Best Chance copper property by junior Aurora Gold (VSE). Aurora has the right to earn a 100% interest in the Yukon property from Hudson Ba…
Agnico encouraged by new Eagle West gold discovery
More encouraging results were released by Agnico-Eagle Mines (TSE) from surface exploration of the Eagle West discovery 2,600 ft. west of the company’s Eagle shaft in the Joutel area of northwestern Q…
U.S. REPORT Hecla declares dividend and earnings
As a result of increased gold production and lower costs at its silver operations, Hecla Mining (NYSE) reported net earnings of US$591,000 for the third quarter ended Sept. 30, compared to a loss of U…
Acadia drops option on Bachelor Lake
Having spent about $1.9 million to explore the Bachelor Lake property at Desmaraisville, Que., Acadia Minerals (TSE) has decided to relinquish its option on the high-cost gold mine. Under an agreement…
COATS (over-the-counter) Anglo gains 28 cents
Almost tripling in value, Anglo Swiss Mining topped the most active list for the week ended Nov. 13, as more than 300,000 shares changed hands. Anglo, which gained 28 cents to close at 45 cents, is pr…
Minatco buys 100% of uranium property
Saskatoon-based Minatco, an affiliate of Total Compagnie Francaise des Petroles, has acquired a 100% interest in the Wolly project, a uranium property in northern Saskatchewan. Minatco, which purchase…
INSIDER TRADING M.I.M ups Granges interest to 34.2%
M.I.M Holdings (Canada), a unit of Australian mining company M.I.M Holdings, recently increased its stake in Granges (TSE) to approximately 34.2% from 32.5%. According to the Ontario Securities Commis…
NovaGold options more lead-zinc claims
Following its success on the Sewell Brook lead-zinc property in New Brunswick, NovaGold Resources (TSE) has optioned another 27 claims, 25 km east of its recent discovery. NovaGold says the Sears Lake…
Rankin greenstone belt displays ingredients for major discovery
Canada’s second largest Archean greenstone belt, which stretches for nearly 370 miles westward from Rankin Inlet, N.W.T., remains grossly unexplored, says geologist Maureen Jensen, president of Noble …
BOOKS IN REVIEW New analysis focuses on gold royalties
A new industry study on gold royalties has been published by Pincock, Allen & Holt Inc. of Colorado, a mining consulting firm. The study, North American Gold Royalties — Industry Averages, compiles a…
Amalgamation approved
Shareholders of International Mahogany (VSE), Goldsil Resources (VSE) and Magellan Resources (VSE) approved the proposed merger of the three companies. Each class A share of International Mahogany wil…