Gold Funds (December 11, 1995)
Gold Funds as of November 30, 1995BGRCentralNet Value$17.46$6.56Price$13.88$6.375Discount20.52%2.8%Value$136,483,000$115,383,038…
1995
Junior pursues sizable copper resource in central Philippines
If recent drilling success continues, International Pursuit (TSE) could find itself the proud owner of a major copper resource in the Philippine Islands.The company suggests that, by this time next ye…
Eastmain cuts sulphides at Akweskwa project
Diamond drills are turning at the Akweskwa project of Eastmain Resources (CDN), 60 km southwest of Timmins, Ont.Two holes have been drilled to date, for a total of 525 metres, and the program is expec…
Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…
News Roundup — High River talks with Russians
A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.The company being a…
Jonpol buys into Mexican company
Canadian junior Jonpol Explorations (TSE) will gain a 49% interest in Mexican-based Minera Y Metalurgica de Pozuelos.To do so, it will spend US$150,000 on exploration.Together, the companies will atte…
News Roundup — Yamana drills property
Reverse-circulation drilling is under way on Yamana Resources’ (TSE) Microonda property in Argentina’s Santa Cruz province.Seventy-five drill targets have been established in a 4-sq.-km area, and a dr…
Magma, BHP to form copper giant
Two New York-listed companies — BHP Minerals and Magma Copper — will join forces to become the second-largest copper producer in the world.The new entity will account for 10% of all production, seco…
Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
STOCK MARKETS — Stronger resource index bodes well for western markets
Western markets perked up over the report period ended Dec. 5, with the Vancouver Stock Exchange resource index closing up almost 20 points at 1,270.62. The composite index also gained ground, notchin…
TSE Short Positions (December 11, 1995)
Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…