Gold Funds (March 27, 1995)
BGR Central Net Value $16.22 $6.59 Price $14.00 $7.0 Discount 13.68% Premium 6.2% Value $126,905,000 $126,695,100…
News
STOCK MARKETS — Bond selloff results in modest TSE gain
A bond selloff late in the week held the Toronto Stock Exchange to a modest gain during the 5-day report period ended March 21. The composite 300 index rose 55.65 points to close at 4,246.19. The sell…
TORONTO STOCK EXCHANGE INDICES (March 27, 1995)
— 1995 — Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 High Low Composite”300″ 4246.19 4249.78 4228.00 4225.62 4218.84 4257.81 3983.34 Metals&Minerals 3955.58 3954.34 3951.72 3951.56 3926.66 4337.89 3273.56 In…
LATIN AMERICA SPECIAL — Placer Dome advances Latin American
Ongoing exploration by Placer Dome (TSE) is enhancing the potential of the company’s 70% owned Las Cristinas gold project in Venezuela’s Kilometre 88 district. “We are still drilling at Las Cristinas …
Bitech to sell Nugget Pond
Ownership of the Nugget Pond mining property in central Newfoundland is about to change hands. Alberta-listed Bitech has agreed to sell the property, along with its associated rights, interests and ro…
IGR conducts infill program at Bibiani
TSE-listed International Gold Resources has succeeded in drilling nine shallow reverse-circulation holes and six deeper diamond drill holes at the Bibiani gold project in Ghana. Three intersections, w…
LATIN AMERICA SPECIAL — Newmont, Penoles team up in Mexico
Excitement continues south of the Rio Grande, as companies — large and small, foreign and domestic — compete to lock up that big deal. Meanwhile, some companies have tried working together in their …
LATIN AMERICA SPECIAL — Joint-venture agreement — Phelps
The mystery company previously reported to be eyeing five Peruvian prospects held by Arequipa Resources (VSE) has turned out to be none other than Phelps Dodge (NYSE), one of the world’s largest coppe…
LATIN AMERICA SPECIAL — Peruvian Gold holdings grow
The property assets of Peruvian Gold (VSE) in southern Peru have grown to cover 60,000 hectares. The Vancouver-based company lists leases covering four mineralized porphyries — Agua Verde, Zapanyoque…
LATIN AMERICA SPECIAL — Northgate options Chilean property
The Chilean subsidiary of Northgate Exploration (TSE) will allow a Chilean company to explore the sulphide zones of the Choquelimpie gold property. Quilacoyan S.A. can earn a 50% interest in the prope…
LATIN AMERICA SPECIAL — Blue Ribbon drills in Mexico
Drilling is in progress on the Seri copper-gold property near Hermosillo in Mexico’s Sonora state. To date, Blue Ribbon Resources (VSE) has drilled six holes to test an area measuring 200 by 250 metre…
Wharf posts solid earnings
Three factors lent strength to Wharf Resources’ (TSE) performance in 1994: a higher realized gold price; an increase in the amount of gold sold; and a US$1-million premium earned on advances from the …