GOLD FUNDS (June 12, 1995)
Gold Funds as of June 6BGRCentralNet Value$17.36$6.67Price$14.38$7.25Discount17.17%Premium8.7%Value$135,689,000$131,219,925…
News
New rules for rehabilitating mine sites
In early March of this year, the government of Quebec added provisions to the Mining Act and its attendant regulation that oblige the holders of mining rights and mining operations to restore the site…
Green light for Trenton Canyon
The Trenton Canyon gold project of Santa Fe Pacific Gold (TSE) will undergo development.Situated 11 miles south of the company’s Lone Tree gold mine in northwestern Nevada, Trenton Canyon has yet to r…
Geomaque resists merger
The management of Geomaque Explorations (TSE) is asking shareholders to resist attempts by Great Lakes Minerals (TSE) to merge the two companies, telling them their share value would drop as a result….
Eagle River nears production
At the annual meeting of River Gold Mines (TSE), shareholders were told that bringing the Eagle River gold project into production is the company’s top priority.”We have signed a lease agreement for t…
Monarch starts off slowly in 1995
With gold production below target, Monarch Resources (TSE) lost US$2.2 million during the first quarter, compared with a net income of US$55,000 in the same period last year.While production increased…
Problems plague B.C.’s mining industry
Premier Michael Harcourt concluded British Columbia’s annual Mining Week by releasing “commitment statements” from the province’s Advisory Council on Mining.The government-sponsored council is represe…
Goldnev, Starcore to drill property near Voisey Bay
While most juniors with ground in the Voisey Bay region of Labrador are still struggling to arrange field programs, two Vancouver-based companies have already completed the initial assessment on their…
Zappa completes drilling at Papa Grande
A diamond drilling program by Zappa Resources (VSE) has encountered low-grade gold mineralization on the Papa Grande concession in the Ponce Enriquez district of southwestern Ecuador.A hydrothermal br…
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…