GOLD FUNDS (July 09, 1990)
MVP BGR Central Capital Net value $10.88 $5.52 $0.34 Price $9.375 $5.500 $0.20 Discount %13.83% %0.4% 41.2% Value $64,786,475.29 $92,533,650 N/A…
News
Toronto Stock Exchange Franco-Nevada big winner on otherwise quiet
Franco-Nevada Mining, Placer Dome and Corona A were among the issues which benefited from an increase in the price of gold bullion for the week ended July 3. Analysts attributed the advance to US$362….
Quebec boosts gold production
Quebec’s 26 producing gold mines in 1989 turned out almost 36 million grams of the precious metal, but a lower world price of gold resulted in a drop of 10.1% in total value compared with 1988. Provin…
Trimin mulling offer for Hanson Lake
Billiton Resources, a unit of Royal Dutch/Shell Group of Companies, recently made an offer to buy the 32.9% interest in the Hanson Lake polymetallic deposit owned by Trimin Resources (TSE). The terms …
Bema makes new discovery at Verde gold depostit in Chile
With the recent discovery of a new, higher- grade zone within the Verde deposit, Bema Gold (TSE) is projecting a sizable increase in reserves at its joint venture Refugio gold project in Chile’s Maric…
Redstone Res. boosts interest in Dominicana nickel producer
Toronto-based Redstone Resources (TSE) is increasing its interest in the Falconbridge Dominicana nickel operation in the Dominican Republic, shareholders were told at the annual meeting. The company w…
NEWS IN BRIEF Eastmaque Gold Mines Ltd.
Eastmaque Gold Mines Ltd. (EMG:VSE) shareholders can convert their preference shares at a ratio of 1.2 common shares for each preference share at any time over a 30-day period during 1990 yet to be de…
Brunswick’s miners take to the picket lines
Miners at Brunswick Mining and Smelting’s (TSE) lead-zinc mine near Bathurst, N.B., are on strike, following an 80% vote against the company’s contract offer. More than 1,000 members of the United Ste…
Teeshin looking for partners
Several senior mining companies and investment groups are examining the Dome Mountain gold property with a view to providing the necessary capital to bring the project to production, according to owne…
Waterford linked to overstaking of Eskay claims
Speculation is growing that Waterford Resources (VSE) may have an inside track to acquire some disputed claims in the Eskay Creek region north of Stewart, B.C., possibly including ground overstaked by…
Penna fends off criticism at Agnico annual meeting
His methods may have prompted some criticism at Agnico-Eagle Mines’ (TSE) recent annual meeting in Toronto, but President Paul Penna demonstrated he has the backing of the vast majority of the company…
PRODUCER PRICES (July 09, 1990)
ALUMINUM: MW U.S. Market US72.25- 74.25 cents per lb. (Jun. 21, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.05-3.15 per lb. (Jun. 21, 1990). C…