GOLD FUNDS (January 11, 1993)
BGR Central Net Value $7.99 $5.07 Price $6.25 $4.50 Discount 21.82% 11.2% Value $45,448,000 $75,709,350.
News
NEWS IN BRIEF (January 11, 1993)
Golden Princess Mining Corp. (GLP:VSE) has changed its name to Pandora Industries Inc. (PDR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust …
Gold price slides, other metals rebound
As gold prices plunged to a 7-year low, other metal prices continued to rebound from slumps experienced in mid-November. On Jan. 4, gold was fixed in London at US$328.25 per oz. in the afternoon sessi…
Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
Sopko to speak at CIM dinner
Guest speaker at a “student’s night” dinner Jan. 21 at Toronto’s Royal York Hotel will be Michael Sopko, chairman and chief executive officer of Inco Ltd. The dinner is sponsored by the Canadian Insti…
Cogema enters option agreement with Eastfield at Spanish
A recent agreement between Eastfield Resources (VSE) and Cogema Canada gives Cogema the right to earn a 51% interest in the Spanish Mountain property in northern British Columbia. Cogema can earn the …
Two additional holes drilled at Moss Lake
Two additional drill holes have been completed by Central Crude (TSE) on its Moss Lake gold property 50 miles west of Thunder Bay, Ont. Both holes encountered low-grade gold mineralization. The best i…
HudBay positions itself for growth
With two mines in Manitoba having closed in the last 18 months, and two others in the Snow Lake division approaching the end of their productive lives, Hudson Bay Mining and Smelting (TSE) might seem …
GSC geochemical wing at `critical crossroads’
The geochemical exploration arm of the Geological Survey of Canada (GSC) is at a “critical crossroads,” says a recent report by a Canadian Geoscience Council advisory committee. Appointed in 1988, the…
EDITORIAL PAGE — The gold market
In terms of economic cycles, 12 years is a long time to wait for a turnaround. Patience may be a virtue, but for gold bugs, the return of the yellow metal’s price to some form of respectability is lon…