Gold Funds (June 03, 1996)
Gold Funds as of May 23, 1996BGRCentral.Net Value$25.95$6.72 .Price $19.60$7.000 .Discount24.46%4.2% .Value$202,855,000$126,695,100 .
News
Spot prices at a glance (June 03, 1996)
Wednesday, May 29, 1996Week’s Price (US) Change .Gold* $391.65+$0.65 .Silver* $ 5.37+$0.08 .Platinum*$400.25+$3.00 .Nickel**$ 3.59+$0.08 .Lead**$ 0.37-0.01 .Copper{$ 1.15+$0.04 .Zi…
NEVADA SPECIAL — Royal Gold looks at Great Basin
Limited exploration into the lower plate of the Roberts Mountain thrust at the NAD claims in central Nevada indicates the possibility of gold mineralization, reports Royal Gold (RGLD-Q).The property i…
Diamond Fields takeover delayed
Uncertainty over a lawsuit has prevented Inco (N-T) from completing the acquisition of Diamond Fields Resources (DFR-T) on the scheduled closing date of May 29. At presstime, the deal had not yet been…
NEVADA SPECIAL — Miranda trenching at Blue Wing
Miranda Industries (MAD-V) has begun trenching at its Blue Wing gold project in Pershing Cty., Nev., and will soon begin drilling there, and at the Artesia project in Lyon Cty.Blue Wing, an epithermal…
NEVADA SPECIAL — Newmont looks underground at Carlin
Open-pit mining has been a staple of the Carlin trend for 30 years, but Newmont Gold (NEM-N) is quietly introducing underground methods to the region.The move toward underground mining was spurred by …
NEVADA SPECIAL — Canyon and Homestake eye Mountain View
In a joint venture with Canyon Resources (CYNR-Q), Homestake Mining (HM-N) is funding all the expenditures necessary to advance the Mountain View gold project through to a positive feasibility study.I…
New symbols for company stocks
Effective this issue, The Northern Miner is including company stock symbols after each company name that appears in bold type in news articles.The company stock symbol will appear in parentheses (e.g….
Conference calls for technical papers
Organizers of Exploration ’97, a conference on geophysical and geochemical mineral exploration to be held Sept. 14-18 in Toronto, are calling for papers.Technical sessions include: exploration technol…
STOCK MARKETS — Resource stocks rebound in western markets
Western markets resumed their ascent over the report period ended May 28, recovering from the recent routing created by Cartaway Resources’ poor assay results from its Cirque property in Labrador.The …
Prime declares Eskay dividend
Shareholders of Prime Resources Group (PRU-T) are about to enjoy the benefits of the Eskay Creek gold-silver mine in northwestern British Columbia.Prime will start paying a semi-annual dividend of 4 c…
Mt. Nansen startup imminent
Final environmental approval in the form of a Class A water licence has enabled BYG Natural Resources (BYG-T) to proceed with construction and development of its Mt. Nansen gold project near this hist…