Gold Funds (October 17, 1994)
Gold Funds as of Oct 10 BGR Central Net Value $18.29 $6.87 Price $15.75 $7.25 Premium 5.5% Discount 13.91% Value $148,628,000 $131,219,925…
News
Carmacks feasibility complete
A feasibility study states that the Carmacks copper project in the Yukon can produce 45 tons of copper per day during an 8.5-year mine life. Situated 25 miles northwest of Carmacks, Y.T., the project …
Toronto Stock Exchange Indices (October 17, 1994)
— 1994 — Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 High Low Composite”300″ 4315.39 N/A 4290.80 4276.32 4253.36 4609.93 3518.31 Metals&Minerals 4051.98 N/A 4075.69 4009.50 3994.10 4270.14 3273.56 Integrated Mi…
Chevron sells — Stillwater stake
Platinum producer Stillwater Mining has undergone a restructuring. Chevron USA has sold its 50% ownership in the company. At the same time, Stillwater has sold, to institutional and other investors, n…
Underground drilling results at Nicholas Lake encouraging
Management of Athabaska Gold (TSE) is encouraged by underground drill results from its Nicholas Lake property, 60 miles north of Yellowknife, N.W.T. Results have been received from 15 of the 36 holes …
Anvil to raise $55 million
The new company formed to revive the Faro lead-zinc mine in the Yukon has engaged a financing firm to complete a $25-million private placement. Anvil Range will place 4.4 million shares with both Cana…
DIAMOND PAGE — Results from DHK bulk-sample review expected
Results from a review of the DO-27 bulk sample on the DHK group of claims in the Northwest Territories are expected by mid-November. Kennecott sent shock waves through the Territorial diamond play thi…
PEOPLE — ASARCO (October 17, 1994)
Martha Muse elected director.
PEOPLE — SEG
John Gunter appointed president and director; Robert Talbot appointed director.
Ottawa prepared to move on environmental reviews
The federal government is moving to implement regulations on environmental reviews dealing with mining and other industrial projects. Speaking in the House of Commons, Environment Minister Sheila Copp…
FACTS’N’FIGURES — Derivatives and the gold market
The phenomenal growth in derivative products during the past few years is about adding value. But is it possible to add value to gold? The dealing community has set about doing precisely that by takin…
Cobalt conference set for Toronto
The British-based Cobalt Development Institute is organizing a conference to examine new sources and markets for cobalt. The conference will be held May 9-10, 1995, in Toronto. For more information, c…