1995


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…


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…


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…


News Roundup — High River talks with Russians

A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.The company being a…


Asarco drops Butte Highlands

Unsatisfactory drill results have prompted copper giant Asarco (NYSE) to drop its option on the Butte Highlands gold property in Montana.The major had an option to acquire a 51% interest in the projec…


Royal Oak to explore near Timmins

Under an option agreement with three junior companies, Royal Oak Mines (TSE) will begin drilling a 74-sq.-km land package near Timmins, Ont.Royal Oak will earn a half interest in the properties by spe…


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…



TSE Short Positions (December 11, 1995)

Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…


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