GOLD FUNDS (December 21, 1992)
Gold Funds as of Dec. 15 BGR Central Net Value $7.95 $5.10 Price $6.25 $4.55 Discount 21.41% 10.8% Value $45,514,000 $76,550,565…
1992
LATIN AMERICA — Venezuela attracts gold explorers
Despite two failed coup attempts in recent months, Venezuela is continuing to attract attention from mining companies keenly interested in the South American country’s undeveloped mineral potential. T…
Anglo American, Jordex talking
Talks took place recently between Jordex Resources (TSE) and Anglo American of South Africa regarding the latter’s offer to acquire a majority interest and control of the Loma de Hierro nickel laterit…
Mining the benefits of computer technology
Are computers making a positive contribution in mining companies or are they viewed as a necessary cost of doing business? When we read business articles on computing, we see the same companies brough…
Lac’s Irish deal on hold because of legal dispute
A legal dispute has suspended Lac Minerals’ (TSE) plans to purchase a holding company that owns Chevron’s mineral interests in Ireland. The property portfolio includes a 52.5% interest in the Lisheen …
STOCK MARKETS — Juniors generate investor interest with
Western markets continued to gain ground during the week ended Dec. 15, adding to an extended and predominantly diamond-related rally. The Vancouver Stock Exchange resource index closed up by more tha…
TORONTO STOCK EXCHANGE INDICES (December 21, 1992)
Dec.15 Dec.14 Dec.11 Dec.10 Dec.9 High Low Composite”300″3264.61 3262.02 3267.49 3270.24 3285.49 4009.47 3009.91 Metals&Minerals 2760.37 2772.92 2789.81 2773.87 2797.21 3453.06 2502.63 Integrated Mine…
Drilling tests zone at Brewery Creek
Assay results were released by Loki Gold (VSE) from three of four holes drilled by partner Hemlo Gold Mines (TSE) at the Brewery Creek gold project near Dawson City, Yukon. The holes were drilled to f…
NEWS ROUNDUP — Some Westray charges withdrawn
More than half of the 52 charges laid by the government of Nova Scotia against the operator and four managers of the closed Westray coal mine have been dropped. Operator Curragh (TSE) and four manager…
Billiton completes Selbaie purchase
The sale of a 61.1% interest in Les Mines Selbaie to Billiton Metals Canada is complete, BP Canada Inc. reported. Financial details of the deal, which makes Billiton the sole owner of Selbaie, were no…
Explosive land grab in N.W.T and Alberta
The area outlined for diamond exploration in the Northwest Territories and Alberta has grown to an estimated 50-75 million acres and there is no sign of a slowdown, local mining recorders say. At pres…
Neutrino lab requires own special shape
A unique local experiment in pure science could prove to have down-to-earth applications for operators of deep mines around the world, according to industry insiders here. For the past 32 months, mine…