Gold Funds (August 02, 1993)
BGR Central Net Value $13.44 $6.27 Price $12.13 $7.00 Discount 9.78% 11.6% Value $75,283,000 $126,695,100…
News
NEWS IN BRIEF (August 02, 1993)
Skyline Gold Corp. (SKX:VSE) has changed its name to Skycreek Minerals (SKM:VSE) with no consolidation of capital. Skyline transferred its mineral properties to 431637 B.C. Ltd. in exchange for NSR ro…
Gold Reserve on TSE
Gold and diamond explorer Gold Reserve (NASDAQ) has been granted conditional approval for listing on the Toronto Stock Exchange. Subject to completion of certain requirements, the common shares of Gol…
Correction (August 02, 1993)
The share consolidation when Zahavy Mines (ZVY:ASE) recently changed its name to Xavier Mines (XXX:ASE) was one new share for five old shares. It was incorrectly stated as a one-for-one swap.
NEWS ROUNDUP — Freewest raises $7 million
To help finance its share of the Holloway gold project in northeastern Ontario, Freewest Resources (TSE) has negotiated a $7-million private placement of 2.5 million special warrants with Pollitt, Ber…
High River drilling deep at Snow Lake gold bet
Having completed a $1.6-million private placement, High River Gold Mines (TSE) has begun 18,000 ft. of deep drilling on its Snow Lake gold property in northern Manitoba. The new program, estimated to …
Cominco loss affects Teck earnings
Low zinc and lead prices led to lower earnings for Teck (TSE) in the 1993 second quarter ended June 30. Net earnings of $3 million for the period were down considerably from $12 million a year earlier…
In the trough — Inco hammered by nickel price
Low nickel prices continue to take their toll on Inco (TSE), which reported losses of US$2.2 million (3 cents per share) for the second quarter and US$24.8 million (25 cents per share) for the six mon…
Noranda earnings take a tumble
The earnings of Noranda (TSE) tumbled during the second quarter to a net profit of $1 million for the three months but a per-share loss of 7 cents after preferred share dividends. For the same quarter…
NEWS ROUNDUP — Deak to reopen Kerr mine
Underground mining at the Kerr gold mine in Virginiatown, Ont., will be reactivated immediately, reports owner Deak Resources (TSE). Although mining has been suspended since February, ore has neverthe…
RCMP lays new Westray charges
New, more precise charges of criminal negligence and manslaughter have been laid against Curragh (TSE) and two former managers of the Westray coal mine in Nova Scotia. The latest charges were filed by…
NEWS ROUNDUP — Jarvis completes production trials
Vancouver-listed Jarvis Resources has completed production trials at its natural marble processing plant near Sudbury, Ont. The high-capacity automated processing lines, imported from Europe and insta…