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GOLD FUNDS (March 21, 1994)

BGR Central Net Value $17.03 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 7.54% Value $138,401,000 $131,219,925…


Keevil tightens grip on Teck

An agreement with Metall Mining (TSE) provides Norman Keevil and his family with a strategy to prevent voting shares of Teck (TSE), of which he is president, from being acquired by any unfriendly shar…


TORONTO STOCK EXCHANGE INDICES (March 21, 1994)

— 1994 — Mar 15 Mar 14 Mar 11 Mar 10 Mar 9 High Low Composite “300” 4500.58 4470.36 4446.86 4443.18 4444.78 4601.09 3518.31 Metals & Minrls 3702.40 3686.60 3655.00 3666.19 3681.07 3855.09 3495.59 In…


NEWS ROUNDUP — Reserves double at Beaufor project

Toronto-listed partners Aurizon Mines and Louvem Mines have almost doubled the diluted geological reserves at their Beaufor project near Val d’Or, Que. The figure has increased to 626,700 tonnes avera…


Kingston Resources

Under an agreement with the Slovakian government, Kingston Resources (VSE) can earn a minimum 50% interest in the Banska Stiavnica mine by spending $2 million over three years. The mine includes a 500…


Falco to close Lockerby mine

With the price of nickel in the doldrums, Falconbridge has announced its intention to shut down indefinitely the Lockerby mine in Sudbury, Ont. As of June 1, the high-grade producer will be closed as …


ODDS’N’SODS — An outstanding exploration team

They had been commissioned by the syndicate formed by Karl Springer and “Doc” Kidd to prospect and explore for gold and silver in the Coast Range Mountains, north of Stewart, B.C., in the summer of 19…


NEWS ROUNDUP — Battle Mountain options Gold Creek

A New York-listed major familiar with skarn deposits will test such a prospect in western Montana. Battle Mountain Gold (NYSE) has signed an agreement with Blue Ribbon Resources (VSE) to earn a 60% in…


NEWS ROUNDUP — Amax drilling Robertson play

Five rigs are set to begin drilling at the Robertson project in Nevada’s Crescent Valley. The program will involve drilling 140 holes, for a total of 50,000 ft. Amax Gold (NYSE) can earn a 60% interes…


NEWS ROUNDUP — MIM free to sell Granges stake

Producer Granges (TSE) has failed to find a buyer for the 12.7 million shares in the company owned by MIM Holdings. The shareholding represents 37% of the issued shares in Granges and the agreement wi…


IGR selling warrants

By issuing 3.8 million special warrants at $3.40 each, International Gold Reserve (CDN) hopes to raise more than $12.8 million. Each special warrant is exercisable into one unit consisting of a common…


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