Gold Funds (August 29, 1994)
BGR Central Net Value $17.10 $6.66 Price $15.63 $7.125 Premium 7.0% Discount 8.65% Value $138,967,000 $128,957,513…
1994
Transpacific options Kirkland Lake claims
Junior Transpacific Resources (TSE) has optioned 61 claims comprising 2,370 acres in the Kirkland Lake-Larder Lake area of northeastern Ontario. The property is known to host seven gold zones, one of …
Toronto Stock Exchange Indices (August 29, 1994)
— 1994 — Aug 23 Aug 22 Aug 19 Aug 18 Aug 17 High Low Composite”300″ 4211.68 4186.42 4187.08 4184.44 4205.27 4609.93 3518.31 Metals&Minerals 3840.14 3830.72 3813.04 3812.11 3830.19 3996.08 3273.56 In…
EDITORIAL PAGEA — Politics of exclusion
It is hard to imagine, particularly after the Meech Lake fiasco, why any government would negotiate agreements of major public interest behind closed doors. But concern is growing in British Columbia …
Positive preliminary study for Petaquilla
— A preliminary feasibility study by Kilborn Engineering Pacific recommends the Petaquilla and Botija copper-gold deposits proceed to the final feasibility stage. Adrian Resources (TSE), which can ea…
Lac management accepts Barrick offer
In a move that took many investors by surprise, American Barrick Resources (TSE) announced it had signed an agreement with takeover target Lac Minerals (TSE) to acquire all outstanding shares of the l…
First mining co-op students
The first mining co-op students recently received their diplomas as mining engineering technicians from the Haileybury School of Mines at Haileybury, Ont. A co-op system allows students to alternate a…
PEOPLE — ATHLONE RES.
Paul Reynolds appointed director and president.
Nymex plans new trading centre
The New York Mercantile Exchange (Nymex) plans to build a new headquarters and trading floor in Manhattan’s Battery Park City. The commodity futures and options exchange grew recently when the Commodi…
LATIN AMERICA ROUNDUP — Mexico’s PRI returns to power
The Institutional Revolutionary Party (PRI) again claimed victory in national elections this month in Mexico. PRI candidate Ernesto Zedillo was estimated to have captured about 48% of the vote. He wil…
Newmont studies Indonesian project
The contract for the first-phase optimization study of Newmont Gold’s (NYSE) Batu Hijau copper-gold project in Indonesia was awarded to Flour Daniel. The study will determine the best way to develop, …
METALS COMMENTARY — Markets feeling supply pressure
In many jurisdictions, governments are continuing to interfere in commercial trade activities. And while the consequences are not expected to be serious in the long term, metal prices will likely be a…