Mill City and partners in Cuba and Mexico
A geophysical survey is being flown over the 2,000-sq.-km Florencia-Jobabo gold concession in Cuba in an effort to identify targets for follow-up drilling. Partners Mill City Gold Mining (VSE) and Mac…
News
Accounting firm publishes survey for mining industry
Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…
Murgor to begin drilling on Barry Twp. property
Having completed magnetometer and induced-polarization (IP) surveys, Murgor Resources (VSE) reports that diamond drilling is finally under way on the Barry Twp. property in northwestern Quebec. The in…
STOCK MARKETS — Winter blahs continue to plague western
Western markets continue to suffer the winter doldrums as the Vancouver Stock Exchange resource index fell 35.88 points to a 52-week low of 1,112.52 for the report period ended Feb. 14. The composite …
Wheaton hits gold in Grizzly zone
Underground drilling at the Golden Bear mine in northwestern British Columbia continues to provide encouragement for Wheaton River Minerals (TSE) and North American Metals (TSE). All surface and under…
Busy year for Battle Mountain
This could be a busy year for Battle Mountain Gold (NYSE). Along with plans to increase production at existing operations around the world, the company will continue to work several exploration projec…
USMX earnings fall
Despite a slowdown of mining activities, USMX (NASDAQ) earned US$330,000 (or 2 cents per share) last year, compared with a net income of US$2.6 million (or 17 cents per share) in 1993. The company’s o…
Outlook favorable for antimony compounds
Demand for antimony has recovered somewhat with the general economic revival, but prospects for growth in the main markets for antimony metal are small, says research firm Roskill of London. On the ot…
MSV record for copper output
In the fourth quarter, MSV Resources (TSE) established a new record for copper production. The Montreal-based company mined more than 129,000 tons of ore to yield 4 million lb. of the red metal from i…
Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
GOLD FUNDS (February 20, 1995)
Gold Funds as of Feb. 6 BGR Central Net Value $16.02 $6.46 Price $12.75 $6.125 Discount 20.40% 5.2% Value $125,529,000 $110,858,213…