Gold Funds (March 14, 1994)
Gold Funds as of Mar. 9 BGR Central Net Value $16.77 $6.63 Price $13.75 $7.250 Premium 9.4% Discount 17.98% Value $136,159,000 $131,219,925…
News
Hecla, Equinox merger approved
Shareholders of Equinox Resources (TSE) have voted overwhelmingly in favor of merging with Hecla Mining (NYSE). Holders of Equinox common shares, options and warrants will receive 6.3 million Hecla co…
Manic awaits court decision
A lawsuit filed by a Cree band against Mineraux Manic has yet to be resolved. Some of the company’s assets were seized last year as a result of the litigation. Manic’s shares ceased trading on the Mon…
Con. Nevada options Springs
Consolidated Nevada Goldfields (NASDAQ) has a 1-year option to buy the Springs gold property in north-central South Carolina. The vendor is Brewer Gold. The concession is 1 mile west of the Haile mine…
State permits for Fort Knox
State permits for the Fort Knox gold project in central Alaska are in place and Amax Gold (NYSE) expects federal approval from the Corps of Engineers in the near future. The capital cost of Fort Knox …
Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…
NEWS ROUNDUP — Glamis options Mexican gold
A wholly owned Mexican subsidiary of Glamis Gold (TSE) is acquiring the property known as El Rosario, in Chihuahua state. An initial payment of US$60,000 has been submitted, with a signed letter of in…
Musselwhite project advancing to feasibility
Toronto-listed partners Placer Dome and TVX Gold are stepping up the pace of activity at the Musselwhite gold property in northwestern Ontario. The project, reported to contain a measured and indicate…
Greenstone to buy stake in Honduran mine
A planned merger between Greenstone Resources (TSE) and Fischer-Watt Gold (NASDAQ) will not proceed. The latter was unable to secure the required lock-up and escrow agreements from its majority shareh…
American Gem testing Montana sapphire play
Newly formed American Gem (TSE) is out to prove that diamonds are not the only commodity with sparkle these days. It is developing a large, gem-quality sapphire deposit in the mountains east of Helena…