Gold Funds (November 15, 1993)
Gold Funds as of Nov. 9 BGR Central Net Value $14.87 $5.91 Price $13.50 $6.50 Premium 10% Discount 9.21% Value $83,290,000 $117,645,450…
News
Financing (November 15, 1993)
Argosy Mining — 8 million shs @ 45 cents. Braiden Resources — 500,000 units @ 61 cents. Canso Explorations — 600,000 units @ 85 cents. Red Fox Minerals — 1 million shs @ 50 cents. Silverstone Reso…
NEWS IN BRIEF (November 15, 1993)
Delmay Mining (DMY:VSE) has changed its name to Delmay Energy (DMY: VSE) on a share-for-share basis.
More mixed results from Damoti Lake
Toronto-listed Athabaska Gold Resources has reported new drill results from the Damoti Lake property, and again the values are mixed. Assays from Hole D-15, drilled to test the east band of iron forma…
NEWS ROUNDUP — BHP options Matagami prospect
Alberta-listed Kingswood Resources has granted BHP Minerals Canada the right to earn a 70% interest in its base metal property southwest of Matagami, Que. BHP, which will operate the project, can earn…
Permits in place for Montanore
Permits have been completed for development of the Montanore copper-silver deposit in northwestern Montana. Giant Bay Resources (TSE) and private company Montana Reserves, along with joint-venture par…
Falco to drill Hellens property
Drilling is set to begin this month on the Hellens Eplett polymetallic property, north of Cobalt, Ont. The property is owned by Starmin Mining (TSE) and International Platinum (TSE). Operating the pro…
Hemlo drilling Radisson ground
After an encouraging first phase of drilling, Radisson Mining Resources (ME) is planning a 5,000-ft. program for the Lepine and Duquesne properties near Rouyn-Noranda, Que. Operator and joint-venture …
Ward to enter Hall of Fame
The Mining Foundation of the Southwest will stage its 11th annual American Mining Hall of Fame awards banquet Dec. 4 in Tucson, Ariz. The banquet will precede the annual meeting of the Arizona confere…
ODDS’N’SODS — A quiet giant among mining men
One of the great privileges of my life was to have known the late Randolph Pope Mills. It is not likely the mining business will ever see the likes of him again. He was, I believe, the greatest promot…
Books in review — Tribute to miners Alberta Miners
A Tribute, by Lawrence Chrismas, produced in collaboration with the Alberta Chamber of Resources. Cambridge Publishing, Box 61083, Kensington Postal Outlet, Calgary, Alta. T2N 4S6. 224 pages. $39.95 i…
COMMENTARY — Copper cost trends lower
Average cash operating costs for Western World copper mines have fallen during the past three years, to US54 cents per lb. in 1992 from US54.5 cents in 1991 and US58.8 cents in 1990. Much of this fall…