1993


NEWS ROUNDUP — Thunderwood, First Cdn. in Ungava

Alberta-listed Tusk Resources has optioned its nickel-platinum prospect, in the Ungava region of northern Quebec, to Thunderwood Resources (TSE) and First Canadian Gold (CDN). Tusk will receive a cash…


NEWS IN BRIEF (July 19, 1993)

Greenstar Resources (GNS:VSE) has changed its name to Greenstar Telecommunication. There is no consolidation of capital. The transfer agent is Montreal Trust.


GOLD FUNDS (July 19, 1993)

BGR Central Net Value $14.09 $6.42 Price $13.50 $7.125 Discount 4.2% 11.0% Value $70,934,000 $128,957,513…


Metals sub-index off slightly in May

The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index declined in May for the fourth consecutive month. The index is almost at the depressed level of the mid-1980s. Econom…


Spot prices at a glance (July 19, 1993)

Week’s Price (US) Change Gold* $395.70 – $1.55 Silver* $ 5.10 – $0.07 Platinum* $407.35 – $1.40 Nickel** $ 2.31 – $0.03 Lead** $ 0.17 $0.00 Copper $ 0.86 – $0.02 Zinc $ 0.43 + $0.01 Courtesy of Scotia…


Russian gold mine — Cyprus to develop Russian bet

A joint venture formed by a unit of Cyprus Minerals (NYSE) and five Russian partners has won a bid to develop a gold mine in the Madagan region of far-eastern Russia. The advanced Kubaka mine project …


COMMENTARY — Gold price moves higher

There seems to be a cyclical element in the Western world’s gold production. It took 15 years, from 1951 to 1966, for annual production to rise by 75% to 1,285 tonnes (reflecting the development of th…




NEWS ROUNDUP — Kookaburra in Peruvian option

A letter of intent gives Kookaburra Gold (VSE) the right to earn a 60% interest in the San Jose copper prospect in the Atacama desert region of southern Peru. Kookaburra can earn the interest from Pan…



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