GOLD FUNDS (November 20, 1995)
Gold Funds as of November 9, 1995BGRCentralNet Value$17.15$6.62Price$13.75$6.375Discount19.81%3.7%Value$134,065,000$115,383,038…
News
Rayrock’s Ivan mine is up to speed
The Ivan copper mine in northern Chile was slow to get on track, but owner Minera Rayrock (TSE) has announced that the mine operated at 97.7% of its design capacity in September, and 100% in October.T…
Cash flowing from Myra Falls mine
The Myra Falls underground zinc-copper mine on Vancouver Island is spinning out cash for owner Westmin Resources (TSE).Net income for the first nine months of 1995 amounted to $10.8 million on revenue…
PEOPLE — FIRST DYNASTY — Elwin Smith elected to the board of directors.
PEOPLE — CONS. MAGNA VENTURES — Bradley Aelicks appointed president and chief executive officer.
STOCK MARKETS — Eastern markets take post-referendum breather
Investors enjoyed a relaxing week on the Toronto Stock Exchange, as the market traded low volumes in a narrow range. By the close of trading Tuesday, the composite index had drifted down 12.38 points …
Green light flashes for Rea Gold’s Bissett
With one gold mine already in production in Nevada, Rea Gold (TSE) has begun constructing another, this time in southeastern Manitoba.When the wholly owned Bissett gold mine achieves full production i…
EDITORIAL PAGE — Mining in the new South Africa
Mining is a cornerstone of the economy of South Africa, so it is not surprising that diverse interest groups within the democratically governed country are debating the formulation of a national minin…
Outokumpu goes underground
As part of an advanced exploration project to investigate the Montcalm nickel-copper deposit, Outokumpu Mines will drive a 2.5-km decline to confirm reserves and provide information for a possible pro…
Drilling at Bonnie Dundee prospect in Australia encourages Nord Pacific
Results from drilling at the Bonnie Dundee prospect in Australia are lending encouragement to Nord Pacific (NASDAQ).The deposit lies 20 km southwest of the company’s Girilambone copper mine in New Sou…
Madison signs up Placer Dome to explore Buracao gold property
An option agreement has been finalized, giving Placer Dome (TSE) the right to earn a 63% interest in the 18,000-hectare Buracao gold property in Tocantins state, Brazil.The deal requires Placer to spe…
New zone discovered at Bongara
Perseverance appears to be paying off for Solitario Resources (TSE) at its Bongara zinc project in northern Peru. After nearly a year of exploration and the delineation of an oxide zinc resource, the …