Goldfunds (August 13, 1990)
MVP BGR Central Capital Net value $11.14 $5.74 $0.33 Price $ 9.625 $6.000 $0.19 Discount %13.60% %4.5% 42.4% Value $66,345,177 $100,945,800 N/A…
News
Montreal Exchange Mazarin, Cambior deal
In response to the latest Mid- East crisis involving a show of force by Iraq, the ME, like its sister equity markets around the world, took it on the chin for the week ended Aug. 7. The general market…
Toronto Stock Exchange Gold index suffers as investors bail out of
A small measure of calm reigned over the markets today, Aug. 8, as U.S. President George Bush attempted to protect America’s interests in Saudi Arabia by moving 4,500 troops toward the big oil produce…
Cambior will fund Lac Knife
A partner has been lined up by Societe d’Exploration Miniere Mazarin (ME) to bring its Lac Knife graphite project near Fermont, Que., into production. Gold producer Cambior (TSE) has agreed to fund th…
Royal Crest loss
Toronto-based Royal Crest Resources (COATS) continues to lose money as it enters the second half of 1990. For the nine months ended May 31, Royal Crest reported a net loss of $4,202 compared with a lo…
Menika to test IP anomaly
A diamond drill program is being planned by Menika Mining (VSE) for its recently acquired Kamrose property on the south side of Iron Mask Batholith near Kamloops, B.C. The work program will test a por…
Corona plans diamond spinoff to fund Botswana exploration
Gold producer Corona (TSE) has decided to form a new company, Corona Diamonds International, to finance a major diamond exploration program in Botswana, the world’s third largest producer of the valua…
Uranerz, Jascan prepare to drill Dawson gold bet
Toronto-based Jascan Resources (TSE) says Uranerz U.S.A., a unit of West Germany’s Uranerzbergbau, has elected to proceed with more drilling on Jascan’s Dawson gold property in Colorado. Uranerz origi…
COATS (over-the-counter) Eastern gold search
At the Shamrock property in Newfoundland, Eastern Goldfields continues to search for the source of gold previously discovered in soil samples. To date, more than 4,000 grains of gold, ranging in size …
BLM Mines closes United Keno deal
Sudbury-based Bharti Laamanen Mining says its wholly owned subsidiary BLM Mines has completed the purchase of Falconbridge Ltd.’s 44.8% stake in United Keno Hill Mines (TSE). Under terms on the deal, …
EDITORIAL PAGE Metal industry prospects in the 1990s
Just when you thought you had seen it all — the dismantling of the Berlin Wall, free elections in the East Bloc nations and an attempt at political reform in the Soviet Union — along comes power-hun…
Heightened tensions in Middle East send bullion, oil prices soaring
Increased tensions in the Middle East pushed the price of gold bullion at presstime to US$384.75 an ounce after it rose sharply from a 4-year low of US$345.50 an ounce in June. Heavy selling by Arab s…