Gold funds as of Sept 26
MVP BGR Central Capital Net value $11.58 $ 5.89 $0.54 Price $10.50 $ 5.88 $0.29 Discount 9.33% — 0.3% 46% Value $68,949,131 $99,067,181 N/A…
News
KIDD CREEK #3
Work has begun on the No. 3 mine at the Kidd Creek deposit in Timmins, Ont. That’s not to say you’ll see a third headframe there next year. But it does mean another shaft will be sunk — an internal s…
Noranda to explore Teddy Bear/Lightval gold properties
After being left without a senior partner when Newmont Exploration suspended its Canadian operations earlier this year, Toronto-based Teddy Bear Valley Mines (COATS) and sister company Lightval Mines …
Profile ENGINEERING CHALLENGES
For a man who left school 23 years ago without knowing quite what he wanted to do with his life, James Wade has come a long way in the mining industry. At the age of 48, he has succeeded in parlaying…
TSE Short Positions (October 02, 1989)
Semi-monthly report as of Sept. 15 showed 33,041,132 shares of 613 issues compared with 30,170,240 shares of 607 issues on Aug 31. Larger individual positions included: Agnico-Eagle — 65,900; Amer. B…
Letters WHO FOUND CINOLA?
We write as solicitors to Efrem Specogna regarding your feature, “Debating the Discoveries,” in the July, 1988, issue. Specogna, along with Giovanni Trinco, did the initial prospecting and, in 1970, m…
The Billion Dollar Triangle FROM VAL D’OR TO TIMMINS BOUSQUET NO. 2
Perched between the Dumagami mine/mill complex to the east and Bousquet No. 1 headframe to the west on Preissac Road, north of Cadillac, Que., is the new Bousquet No. 2 headframe. Saddled with the tas…
The Billion Dollar Triangle GOLDEN GIANT: HEMLO’S MIDDLE PRODUCER
Two generalizations apply to the total Hemlo orebody. First, the grade decreases going from east to west, so that the David Bell mine (owned jointly by Teck Corp. and Corona Corp.) has the highest ave…
Queries
I hold a stock certificate dated March 14, 1975 for 44 shares of a company called Auric Resources, formerly Consolidated Nicholson. Can you please give me a status report on Auric Resources. J.A. Thor…
Shamrock defines targets on Adams Lake property
Vancouver-based Shamrock Resources (VSE) has completed preliminary exploration and geophysical surveys on its Blom and Cana claims in the Adams Lake Plateau area of British Columbia. “A follow-up prog…
FOLLOW THE LEADER
Historically, we have focused our attention on two leadership styles: autocratic and democratic. By autocratic, we have referred to the primary use of position power or formal authority. In other situ…
Cross-Cuts KERR ADDISON
The Kerr Addison mine, a prolific gold producer near Virginiatown, Ont., that yielded more than 10 million ounces in a half-century of production, finally has given up what looks to be its last ounce….