GOLD FUNDS (May 25, 1992)
BGR Central Net Value $7.88 $5.07 Price $6.25 $4.60 Discount 20.73% 9.3% Value $46,939,000 $77,391,780…
1992
Investment forum set for June 4 (May 25, 1992)
The second annual Canadian Institutional Investment Forum of the World Gold Council is scheduled for June 4 in Toronto. The 1-day forum will feature a number of talks on subjects such as gold demand, …
Justice Richard heads Westray inquiry (May 25, 1992)
The Nova Scotia government has appointed Justice Peter Richard to head an inquiry into the Westray coal mining disaster of May 9. Richard, 50, has been on the bench since 1978. “It is essential that N…
Kerr Addison in red after writedown
Toronto-based Kerr Addison Mines (TSE) was forced to break out the red ink in the first quarter of 1992 after taking a $3.2-million writedown on its 46% stake in zinc exploration company RFC Finance (…
New concepts in drilling
Thermally stable polycrystalline diamond has been available to the drilling industry for a number of years now and cutters manufactured from this material have been found to perform extremely well in …
LETTERS TO THE EDITOR (May 18, 1992)
The article “Canada has dismal record for return on gold” (T.N.M., March. 30/92) by Virginia Heffernan caused me to shake a negative head and pick up pen. Although I was weaned (1934-36) as a sampler …
BP Canada up for sale
The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…
Falco Gold sees future in Africa
With a sharp eye on costs, Falconbridge Gold (TSE) will be turning more and more to southern Africa (especially Zimbabwe) for its expanding exploration and production. “Regrettably, the company has re…
Placer’s high-cost mines at risk
Placer Dome’s (TSE) “gross strategy” in the months ahead will be to undercut worldwide average production costs of US$265 at all of its mines while maintaining gold production, President Tony Petrina …
Curragh shares are battered by Westray coal mine disaster
As rescue workers pulled more bodies from the depths of the Westray coal mine in Nova Scotia today, May 13, Curragh Resources continued its free fall, dropping 5 cents to $3.10. The latest decline fol…
Lakewood, Green Valley tumble; market in retreat
Western markets continued a trend of general weakness during the period ended May 12, with the Vancouver composite index sliding by more than five points to finish at 615.71. The resource index sat un…
TSE Short Positions (May 18, 1992)
Semi-monthly reports as of April 30, showed 25,039,057 shares of 599 issues compared with 26,377,283 shares of 619 issues on April 15. Larger individual positions included: Amax Gold 18,400, down 103,…