GOLDFUNDS (July 02, 1990)
MVP BGR Central Capital Net value $10.46 $5.53 $0.34 Price $9.50 $5.625 $0.20 Discount %9.18% %1.7% 41.2% Value $62,277,379 $94,636,688 N/A…
1990
TAX ANGLES Quebec’s mining duty rebates apply to exploration
I ran into Charlie Wells at lunch time one day last week. “Barry, you’re just the man I’ve been looking for.” “And I’m glad to see you, Charlie,” I responded somewhat warily, since Charlie runs a smal…
EDITORIAL PAGE Quarreling keeps Canada together
Canada must someday come to terms with its flawed constitution, but its failure to do so through the Meech Lake accord is not going to spell the end of the country. The political stability that has ch…
Agnico-MRB
Agnico-Eagle Mines (TSE) has just celebrated the pouring of the millionth ounce of gold at its Eagle-Telbel mine at Joutel, Que. Over 500 people attended the affair, which was videotaped and replayed …
Thunderwood Res. starts drill program at Scott Lake bet
A 25,000-ft. drill program on the Scott Lake polymetallic property 12 miles west of Chibougamau, Que., has been started up by Thunderwood Resources (TSE) The drilling is part of $600,000 exploration p…
Princeton encouraged by drill program
An exploration program at the Similco copper mine near Princeton, B.C., is turning out “encouraging” results for owner, Princeton Mining (TSE). The company believes the area of exploration north of th…
Kingswood bet fails to impress majors
Drilling results from Kingswood Exploration’s (ASE) Lanoullier- Gaudet project in the Casa-Berardi area of Quebec have failed to impress major mining companies. Of the 15 majors that visited the proje…
Insider Trading Barrick executive profits from sale
Despite the recent drop in gold prices, American Barrick Resources (TSE) Vice-President John Lill was recently able to profit handsomely after exercising an option to buy shares of the Toronto-based p…
Glimmer focuses on Hislop project
The last three holes of an 18-hole drilling program on Glimmer Resources’ (VSE) Beatty-Hislop property will get under way sometime in July. Noranda (TSE), Glimmer’s joint venture partner, will also pr…
Aquagold, Granges form joint venture
Exploration on the Noel Paul’s Brook base metal property in central Newfoundland will begin shortly following a joint venture agreement between AquaGold Resources (ASE) and Granges (TSE). Granges can …
Kimex, Wabigoon in option deal
A formal agreement has been completed by Kimex Resources (ME) and Wabigoon Resources (COATS) which gives Kimex the option to earn a 50% interest in Wabigoon’s Hunter gold property in Whitney Twp., nea…
U.S.REPORT Cash infusion boosts Plexus’ outlook
At first glance, the balance sheet of Plexus Resources (TSE) as of March 31, 1990, would give most investors an itchy trigger finger. At that time, working capital was a negative US$4.7 million while …