Gold Funds (December 11, 1995)
Gold Funds as of November 30, 1995BGRCentralNet Value$17.46$6.56Price$13.88$6.375Discount20.52%2.8%Value$136,483,000$115,383,038…
1995
News Roundup — Comaplex completes financing
A previously announced private placement of 2 million Comaplex Minerals (TSE) units has been fully subscribed.A unit is priced at $1.10 and consists of one common share and half of a common share purc…
Junior pursues sizable copper resource in central Philippines
If recent drilling success continues, International Pursuit (TSE) could find itself the proud owner of a major copper resource in the Philippine Islands.The company suggests that, by this time next ye…
Eastmain cuts sulphides at Akweskwa project
Diamond drills are turning at the Akweskwa project of Eastmain Resources (CDN), 60 km southwest of Timmins, Ont.Two holes have been drilled to date, for a total of 525 metres, and the program is expec…
Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
Northair shifts focus to Mexico
International Northair Mines (VSE) is focusing its exploration efforts on two properties in Mexico.Among its assets in the country is an option to acquire the 6,000-hectare Lachatao project in Oaxaca …
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…
Canadian States finishes drill program
Drilling at the Labrador property of Canadian States Resources (CDN) is finished for the season, with work expected to resume in the spring.Results from three drill holes have been released, showing m…
News Roundup — Cabot Creek lists on CDN
Cabot Creek Mineral Corporation, newly listed on the Canadian Dealing Network, has raised more than $200,000 in its initial public offering.The funds will be used to explore and develop a gold prospec…
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
Magma, BHP to form copper giant
Two New York-listed companies — BHP Minerals and Magma Copper — will join forces to become the second-largest copper producer in the world.The new entity will account for 10% of all production, seco…
METAL PRICES — FREE MARKET (December 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 5 Dec. 4Dec. 1 Nov. 30 Nov. 29Copper2950-2955 2980-29812957-2962 2913-29182987-2992Lead752.5-754.5 752.5-754.5756.5-758.574…