GOLD FUNDS (September 21, 1992)
BGR Central Net Value $8.30 $5.01 Price $6.88 $4.70 Discount 17.15% 6.2% Value $49,067,000 $79,074,210…
News
NEWS IN BRIEF (September 21, 1992)
Atrium Resources Ltd. (VSE) has changed its name to McCulloch’s Canadian Beverages Inc. with no consolidation of capital. The transfer agent is Montreal Trust.
Starmin, Cyprus negotiate deal
An option deal to earn a 65% interest in claims in the Cobalt, Ont., area is being negotiated by Cyprus Canada with Starmin Mining (TSE) and Hellens Eplett Mining Inc., which is jointly owned by Starm…
Dia Met shares top $20 on new kimberlite finds
Machinations in European currency markets appeared to give gold a bit of a boost during the period ended Sept. 15. Bullion finished the week up US$4 as continued high German interest rates put pressur…
PRODUCER PRICES (September 21, 1992)
ALUMINUM: MW U.S. market US59.25-59.75 cents per lb. (Sept. 3, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
Barnwell acquiring shares in MSV
A private company incorporated in the British Virgin Islands, Barnwell Investments Ltd., has an agreement with Northgate Exploration (TSE) to acquire more than 5.6 million shares of MSV Resources (ME)…
Mining celebrities
The National Mining Hall of Fame and Museum in the U.S. will induct 12 new members Oct. 18 at the Desert Inn and Country Club in Las Vegas, Nev.
NEWS ROUNDUP — Fairfield sells ore to Noranda
A 570-ton shipment of high-grade gold ore from the Siwash North gold deposit owned by Fairfield Minerals (TSE) is on its way to the Horne smelter in Quebec. The shipment is estimated to contain 2,000 …
METAL MARKETS — High nickel inventories pressure producers
Russian metal exports and western reactions are puzzling. Repeated official Russian government announcements of new regulations and licensing requirements to reduce unauthorized and illegal exports ar…
Securities dealers say OSC trying to shut them down
The nine member firms of the Securities Dealers Society of Ontario (SDS) have launched a lawsuit against the Ontario Securities Commission (OSC) and the OSC’s chief compliance officer, Donald Page, ov…
NEWS ROUNDUP — Kennecott options Taseko area project
Once permits are in hand, Valerie Gold (VSE) intends to start an initial 5,000-ft. drill program on its Mega-Gold property in the Taseko River area north of Lillooet, B.C. The program will be funded b…
INSIDER TRADING — Barrick officer doubles his money
John Lill, senior vice-president of American Barrick Resources (TSE), recently cashed in on the senior gold producer’s market success by selling 5,000 shares for $35.25 each after exercising the same …