Gold Funds (February 08, 1993)
BGR Central Net Value $8.11 $5.05 Price $5.75 $4.40 Discount 29.09% 12.9% Value $45,420,000 $74,026,920.
News
Financing (February 08, 1993)
Copperstone Res. Corp. — 1,500,000 shs. @ 17 cents per shs.
Starmin placement (February 08, 1993)
Starmin Mining (TSE) recently completed a private placement worth $200,000 consisting of 869,566 units at 23 cents per unit. Each unit consists of one common share and one warrant to acquire one commo…
Kennecott drops Mega-Gold option
Disappointing drill results led to a decision by Kennecott Canada to withdraw its option on the Mega-Gold project held by Valerie Gold (VSE). The property is near Taseko Mines’ Fish Lake copper-gold d…
Brunswick options PGE property
PGE Resources (ASE) has optioned its Devil’s Pike gold property in the Annidale area of New Brunswick to Brunswick Mining and Smelting (TSE). Under the agreement, Brunswick has 45 days to examine the …
St Andrew focuses on West zone
Since opening its Stock Twp. gold mine near here in July, 1989, St Andrew Goldfields (TSE) has been fighting an uphill battle against low gold prices and a severe shortage of cash. With the recent min…
Virginia begins drilling program
A drilling program is under way at the SAGAR-III gold-uranium property in the Labrador trough area of Quebec, Virginia Gold Mines (ME) reports. Aim of the program is to confirm the presence of one or …
Curragh reports loss for 1992
After reflecting a $16.6-million extraordinary charge for the loss stemming from the fatal accident at the Westray coal mine last May in Nova Scotia, Curragh (TSE) reported a net loss for 1992 of $54….
Possibilities for foreign investment expanding in CIS
A mining delegation to the Commonwealth of Independent States (CIS) late in 1992 found that investment opportunities are more favorable than in the previous year, although the political risks are stil…
NEWS ROUNDUP — Starmin, Hellens deal with Falconbridge
A letter of intent to explore for massive sulphides near the town of Cobalt, Ont., has been signed by project partners Starmin Mining (TSE) and Hellens Eplett Mining with Falconbridge. Falconbridge ma…
NEWS ROUNDUP — Agnico finances Goldex purchase
To finance the acquisition of the remaining interest in the Goldex gold deposit in Quebec, Goldex Mines (TSE) has issued 1.78 million flow-through shares at $1.15 to parent Agnico-Eagle Mines (TSE). T…
NEWS ROUNDUP — Dundee to reduce company’s holdings
In connection with an issuer bid by its subsidiary DCC Equities to its minority shareholders, Dundee Bancorp (TSE) plans to reduce its direct and indirect investments in Black Hawk Mining (TSE), Break…