Gold Funds (August 21, 1995)
Gold Funds as of August 15BGRCentralNet Value$17.99$6.60Price$14.00$6.375Discount22.16%3.4%Value$140,616,000$115,383,038…
1995
Rift, Echo Bay bid on Ethiopian mine
The mining company owned by the Ethiopian government is being approached to sell its Legadembi open-pit gold mine in Sidamo province.A recent bid was placed jointly by Rift Resources (VSE) and Echo Ba…
MSV Res. offers shares for Cache
To accelerate development of the Corner Bay copper deposit, MSV Resources (ME) has offered to merge with Cache Explorations (ME) by exchanging one share of MSV for four of Cache.MSV says the merger wo…
STOCK MARKETS — Voisey Bay players still calling the shots
Investor interest in the Voisey Bay discovery has been adding excitement to western markets for almost six months. It’s not surprising, then, that much of the initial enthusiasm is beginning to fade.N…
Index (August 21, 1995)
CareersClassified AdvertisingDiamond NewsDiamond DrillersDividendsEditorialsMetal PricesMetals CommentaryOdds `n’ SodsProfessional DirectoryRights & WarrantsStock MarketsSubscriber ServicesSpecial Rep…
FACTS’N’FIGURES — Nevada dominated by gold
In 1994, Nevada produced an estimated US$3.2 billion in minerals (including petroleum and geothermal energy), which is 8% more than in 1993. Gold production in the state reached an all-time high last …
TSE Short Positions (August 21, 1995)
Short positions outstanding at July 31, 1995.Larger individual positions included: Barrick Gold 4,618,216; Agnico-Eagle 152,330; Alcan Aluminium 808,653; Bema Gold 1,437,500; Caledonia M’g 305,200; Ca…
Kingurutik discoveries followed up
Follow-up ground work by NDT Ventures (VSE) on the Kingurutik Lake property of Lucero Resource (VSE) has outlined gossans containing sulphides and associated graphite.Mapping and prospecting identifie…
Hemlo, Orvana acquire Chilean property
Toronto-listed Orvana Minerals and senior gold producer Hemlo Gold Mines (TSE) are optioning the Esperanza gold property in northern Chile.Hemlo will hold 60% and Orvana 40% of the joint venture, whic…
Busy year in Dominican Republic
Nineteen ninety-four was an active year for the mining industry in the Dominican Republic, particularly in the metallic and non-metallic sectors.Exports of ferronickel, gold and other mineral products…
STOCK MARKETS — Market slides but gold stocks catch a wave
The Toronto Stock Exchange saw most of last week’s moderate gain slip away, as market participants remained edgy on conflicting economic news. For the 5-day report period ended Aug. 15, the TSE 300 co…
METAL PRICES — FREE MARKET (August 21, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateAugust 15 August 14August 11August 10August 9Copper3040-3042 2994-29953014-30193005-30063006-3008Lead609-610 610.5-611.5619-620…