GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
News
Lifting Zenmac’s cease-trading order
With its corporate house now back in order, Zenmac Zinc’s (ASE) cease-trading order is expected to be lifted shortly, its recent and unusually well-attended annual meeting was told. The meeting was ch…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…
NEWS ROUNDUP — Freewest discovers copper-bearing float
High-grade copper-bearing float has been uncovered by Freewest Resources (TSE) in the Bathurst mining camp of northern New Brunswick. The company says several sub-angular boulders of chloritic mudston…
COMMENTARY — Debate over U.S. Mining Law
Perhaps the most urgent issue for mining in the West has been the attempt to amend or to revoke the Mining Law of 1872. For four or more years, a fight to replace the Law was led by Representative Nic…
Healthy third quarter masks industry concerns
A combination of productivity gains and federal government initiatives to stimulate the Canadian economy has paid off for base metal miners, but analysts say the party will be short-lived. A survey of…
Processing of diamond samples can be costly
At the height of the field season in the Lac de Gras area, it was rumored that Monopros, the Canadian subsidiary of De Beers Consolidated Mines, was flying out a Twin Otter load of overburden samples …
Court hears closing arguments in Seabright Resources lawsuit
Closing arguments were heard at the end of October in the $60-million Westminer Canada lawsuit against Seabright Resources’ former directors. Information disclosure and director liability are the cent…
NEWS ROUNDUP — Private firm to drill Noront property
A private company has agreed to finance development of Noront Resources’ (VSE) Beaverbrook antimony property near Gander, Nfld. To earn a 50% interest in the property, the private company must spend $…
NEWS ROUNDUP — Board approval for Conigas merger
The directors and independent board committees of Anglo Dominion Gold Exploration (TSE), The Conigas Mines (TSE), Garrison Creek Consolidated Mines (CDN) and Quebec Sturgeon River Mines (TSE) have app…
NEWS ROUNDUP — Equinox, Eastmaque merger approved
The Supreme Court of British Columbia recently approved the amalgamation of Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) in an uncontested hearing. Previous efforts by Equinox to merge the t…
LETTERS TO THE EDITOR — Speaking out for grubstakers
In Canada’s mining industry, panning the prospectors is surely a disgraceful exercise. Natural resources are the basis of Canada’s wealth. But without the vision of explorers, prospectors and speculat…