Gold Funds (June 28, 1993)
BGR Central Net Value $12.46 $5.77 Price $11.38 $6.25 Discount 8.69% 8.3% Value $69,786,000 $113,120,625…
News
CHILEAN REVIEW –Dayton’s Andacollo open to offers
Toronto-listed Dayton Mining continues to search for proposals or offers for its Andacollo project in central Chile. A funding arrangement with a Malaysian group collapsed earlier this year and the co…
Toronto Stock Exchange Indices (June 28, 1993)
— Week — Jun 29 Jun 28 Jun 25 Jun 24 Jun 23 High Low Composite “300” 3935.74 3922.43 3906.94 3903.71 3892.42 3935.74 3881.22 Metals & Minls 2997.82 3000.97 2977.30 2935.19 2919.18 3003.53 2899.89 In…
CHILEAN REVIEW — Bridger pursues Teck lawsuit
Junior company Bridger Resources (VSE) is proceeding with an action for damages, which involves allegations of breach of contract against Teck (TSE). Bridger alleges the parties reached an agreement u…
PRODUCER PRICES (June 28, 1993)
ALUMINUM: MW U.S. market US53.50-54.50 cents per lb. (June 17, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Arauco starting with basics
Through grassroots exploration, mainly in Chile, Arauco Resources (VSE) hopes to find its way to producer status. The jointly owned company has been concentrating efforts in southern Chile on the prem…
NEWS ROUNDUP — Gold Reserve receives extension
The Venezuelan ministry of energy and mines has granted Gold Reserve (NASDAQ) a 10-year extension to explore and develop its Alfa diamond and gold concessions in east-central Venezuela. Several diamon…
LAST BUT NOT LEAST — Adrian options Panama concessions
Under an option agreement, Madison Enterprises (VSE) can acquire a 50% interest in the Belencillo concession in Panama. To do so, it must pay Adrian Resources (VSE) $250,000 over four years, issue 200…
LAST BUT NOT LEAST — Arimetco increases copper output
Toronto-listed Arimetco International plans to increase copper production next year to about 50 million lb. compared with roughly 26 million lb. this year. The higher output would mean a 10 cents drop…
LAST BUT NOT LEAST — Central Fund sells warrants
Central Fund of Canada has sold 1,275,000 special warrants at $6.13 per special warrant. The issue raised $7.8 million. Each special warrant entitles the holder to receive a Class A share of Central F…
LAST BUT NOT LEAST — Cercal to drill Portuguese prospect
Drilling is to begin shortly on the Odemira polymetallic project in southern Portugal, reports owner Cercal Minerals (ASE). The 4,000-5,000-metre program will test eight gravity anomalies inferred to …
MSV, Soquem in placement deal
An agreement has been concluded between MSV Resources (ME) and Soquem whereby the latter will make a $1.2-million private placement to explore the Copper Rand and Portage properties in Chibougamau, Qu…