GOLD FUNDS (August 08, 1994)
Gold Funds as of Aug 1 BGR Central Net Value $17.56 $6.85 Price $15.63 $7.375 Premium 7.7% Discount 11.02 Value $142,665,000 $133,482,338…
News
Royal Oak gives new life to northern Colomac mine
The drama surrounding Royal Oak Mines’ (TSE) takeover bid for Lac Minerals (TSE) is overshadowing the startup of the Colomac gold mine 137 miles north of Yellowknife, N.W.T. Royal Oak expects to produ…
Rights issue for Breakwater
Under a proposed rights offering, common shareholders of Breakwater Resources (TSE) will receive one right for each common share held. One right will entitle the holder to buy one common share at 10 c…
OPINION — Addressing ecological issues
The phrase “ecosystem management” means many things to many people. Much of its use is an outgrowth of the debate over the health of natural systems and the efficacy of our federal and state environme…
TVX, Kinross make joint bid for Lac
The bidding race for the takeover of Lac Minerals (TSE) has grown more crowded with the public inclusion of TVX Gold (TSE) and Kinross Gold (TSE). The two gold producers made public, near the end of J…
Canada’s top gold mines increase output in 1993
Although total Canadian gold output fell by nearly 6% in 1993 to 151 tonnes, production from the country’s top mines showed a marginal increase. Cumulative production last year from Canada’s top 12 mi…
Takla, Uranerz hit gold in Nevada
Reverse circulation drilling on the Slaven South property in Nevada has intersected additional gold mineralization. Partners Uranerz U.S.A. and Takla Star Resources (ASE) are carrying out a 4,005-ft. …
NEWS IN BRIEF (August 08, 1994)
Texas Dome Resource (TXD:VSE) has changed its name to Microkey Communication Systems on a share-for-share basis.
METAL PRICES — FREE MARKET (August 08, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 2 August 1 July 29 July 28 July 27 Copper 2407-2408 2429-2430 2438-2439 2409-2410 2392-2393 Lead 582-583 586-587 583.5-584.5 583-…
Pakistani potential under discussion
The United Nations, in collaboration with the government of Pakistan, will sponsor the International Round-Table Conference on Foreign Investment in Exploration and Mining in Pakistan. The conference …
Spot prices at a glance (August 08, 1994)
Week’s Price (US) Change Gold* $378.60 $8.40 Silver* $375.21 $0.11 Platinum* $414.50 $8.50 Nickel** $372.75 $0.02 Lead** $370.26 $0.00 Copper $371.10 + $0.01 Zinc $370.43 $0.00 Courtesy of Scotiabank….
PRODUCER PRICES (August 08, 1994)
ALUMINUM: MW U.S. market US73.5-74.3 cents per lb. (July 14, 1994). ANTIMONY: MW New York dealer US$2.25-2.50 per lb. (July 14, 1994). BISMUTH: MW New York dealer US$3.85-4.30 per lb. (July 14, 1993)….