GOLD FUNDS (February 02, 1998)
Gold Funds as of January 22, 1998BGRCentralNet Value$14.67$6.21Price$11.40…
News
DIAMOND PAGE — Earth Sciences inks Venezuelan diamond deal
Earth Sciences (ESCI-Q) has acquired the right to explore for diamonds in the Gran Sabana, a large treeless expanse in southeastern Venezuela.The vendor, a Venezuelan company known as CODSA 14, contro…
STOCK MARKETS — HTSE golds zoom skyward with metal price — Base metals also better in generally buoyant market
Led by the banks and golds, the Toronto Stock Exchange 300 index rose 212.27 points during the report period Jan. 21-27, ending the week at 6721.72, or 3.26% over its level of the previous week.Tradin…
St. Gen, KWG unveil restructuring plan
As part of a joint restructuring plan, St. Genevive Resources (SGVE-C) and KWG Resources (KWGR-C) are asking most of their creditors to swap debt for an equity stake in the two companies.St. Gen is as…
Energold gains Dominican land — Geophysical program planned for Longyear gold property
It has been a long time coming but Energold Mining (EGD-V) has finally been granted two key exploration concessions in the Dominican Republic.One of the properties, known as Longyear, adjoins the larg…
Rio Tinto plans share repurchase
British mining giant Rio Tinto (RTP-N) hopes to take advantage of depressed market conditions by buying back 10% of its shares.The move is intended to provide Rio with greater flexibility in managing …
Cyprus, Caledonia hit copper grades in Zambia
Drilling by its joint-venture partner has intercepted promising copper intersections at Caledonia Mining’s (CAL-T) Kadola property in Zambia.Cyprus Amax Minerals (CYM-N) has drilled 19 shallow holes o…
Lihir enjoys strong quarter
The startup of the sulphide circuit at the Lihir gold mine in Papua New Guinea translated into higher production and lower costs for Lihir Gold (LIHRY-Q) during the last quarter of 1997.Throughout Dec…
NEWS IN BRIEF (February 02, 1998)
American Comstock Exploration (AEK-V) has changed its name to International Comstock Exploration (COZ-V) on a 1-new-for-5-old-share basis.
EDITORIAL — PDAC bemoans inadequate disclosure — Codifying corporate conduct
With a membership of more than 6,000 individuals and corporations, the Prospectors & Developers Association of Canada (PDAC) is taking a keen interest in the Ontario task force currently reviewing sta…
Yamana picks up property in Washington — Company to retain holdings in South America, Southeast Asia
Yamana Resources (YRI-T), known for its properties in such exotic locales as South America and Southeast Asia, has acquired a land package in its own backyard.The acquisition, which consists of 825 ac…
NEW HORIZONS — Gold on the road
Electronic controls in automobiles are increasingly being used to boost fuel efficiency, make safety devices more effective and render accessories more reliable. To ensure that these switches, connect…