GOLD FUNDS (June 08, 1992)
BGR Central Net Value $7.93 $5.07 Price $6.25 $4.60 Discount 21.16% 9.30% Value $47,200,000 $77,391,780…
News
Loan guarantees can’t entice lenders to support Pine Cove
Nova Gold Resources (TSE) says two projects, each using environmentally friendly processing technology, could provide capital this year for the cash-strapped junior if financing can be secured. The co…
Canamax eliminates its debt, hopes for higher gold price
Vancouver-based Canamax Resources (TSE) may be without an operating mine, but at least the former gold producer is going about its business with a debt-free balance sheet. With $14 million worth of de…
Royal determined to stay operating as violence erupts on
Some union workers at the Giant gold mine near Yellowknife, N.W.T., are crossing the picket line to join contract miners and Royal Oak Mines (TSE) staff at the mine operation which is running round-th…
Dundee selling Poco interest
Net proceeds from the sale of its 33% interest in oil producer Poco Petroleums should be about $29 million, Dundee Bancorp (TSE) says. Dundee is a major shareholder in International Corona (TSE), whic…
Miner Details (June 08, 1992)
Spring is annual meeting time, and no better opportunity exists for shareholders and media types to catch a glimpse of the corporate culture and personalities behind Vancouver’s mining companies, whic…
Bulk sample at Raglan (June 08, 1992)
Activity at the Raglan nickel-copper property in northern Quebec increased dramatically with the decision by Falconbridge last year to proceed with $35 million in advanced exploration and development …
Preferred shareholders halt Eastmaque, Equinox merger
A proposed merger between Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) hit a regulatory snag when the British Columbia Supreme Court recently declined to approve the combination. The two com…
On the Level (June 08, 1992)
My thoughts this time have little to do with mining, except they do centre around former mines minister Marcel Masse, one of the most extravagant spenders in the Ottawa hierarchy. With his ilk in cabi…
Union sees Westray reopening
A spokesman for the union representing miners at the Westray coal mine in Nova Scotia says the mine could reopen. “I am sure there is a need for this type of low sulphur coal and we are taking the vie…
Rayrock plans Marigold drilling
Drilling at the Marigold gold project in Nevada, south of the East Hill deposit, indicates potential for additional heap leach reserves, Rayrock Yellowknife Resources (TSE) reports. The company, which…
Placer Dome’s Pipeline find subject of Gold Fields’ lawsuit
A unit of Placer Dome (TSE) is continuing work on the Pipeline gold deposit in Nevada although Gold Fields Mining recently launched a lawsuit seeking the return of claims believed to contain about 45%…