Gold Funds (May 01, 1995)
Gold Funds as of Apr. 25BGRCentralNet Value$17.50$6.98Price$14.63$7.00Discount16.41%Premium0.3%Value$136,790,000$126,695,100…
News
Rio, North bid for Musto
Shareholders of International Musto Explorations (TSE) are considering a new takeover offer.Copper producer Rio Algom (TSE) of Toronto and Australian resources company North Ltd. have joined forces an…
Hemlo options play in northern Quebec
Toronto-listed Hemlo Gold Mines (TSE) can earn a half interest in the 77-claim Ligneris gold property, near Amos, Que., from joint owners Placer Dome (TSE) and La Societe d’exploration miniere Vior (M…
GAC/MAC meeting draws earth scientists to Victoria
More than 1,000 earth scientists from around the world are coming to the University of Victoria in Victoria, B.C., for the May 17-19 annual meeting of the Geological Association of Canada (GAC) and th…
INVESTMENT COMMENTARY — Junior golds offer growth potential
With the price of gold floating between US$380 and $390 per oz., many investors are casting about for ways to maximize their return with a minimum of risk.One approach is to buy shares in companies th…
LETTERS TO THE EDITOR — Peru can count on its engineers
The United Nations survey that ranked Canada as having the highest quality of life in the world obviously did not include mining engineers, who can enjoy a higher quality of life in almost any other c…
Santa Catalina plans drilling
Drilling is imminent at the Oracle Ridge project near Tucson, Ariz.Santa Catalina Mining (VSE), 70% owner, carried out an airborne geophysical survey over the area, identifying targets similar to the …
EDITORIAL PAGE — Knocking at the back door
Government involvement in mining ventures is, for the most part, a thing of the past. Both federal and provincial governments are in deficit-fighting modes, and investment in the private sector is cle…
STOCK MARKETS — Rio/North offer tops Placer’s bid for Musto
Some analysts thought Placer Dome may have offered too much to acquire International Musto Explorations and a direct 50% interest in the Bajo de la Alumbrera copper-gold porphyry project in Argentina….
Studies continue at Santo Tomas
A final feasibility study is in progress for the Santo Tomas copper-gold project in Mexico’s Sinaloa state.A prefeasibilty study was finished last August and Exall Resources (TSE) says additional work…
Sheridan options Lithos moly play
Drilling is planned for a molybdenum property in Quebec following the conclusion of a deal between Lithos (ME) and financier Patrick Sheridan.Lithos says the property, Mining Concession 391, contains …
STOCK MARKETS — Witte offer, Voisey Bay keep VSE on its toes
Western markets paused for a breather during the report period ended April 25, with the Vancouver Stock Exchange resource index slipping 3.33 points to 1,261.46. The composite index continues to track…