GOLD FUNDS (May 03, 1999)
Gold Funds as of April 22, 1999BGRCentralNet Value$14.055.72Price$9.40$5.
1999
BC mines receive safety awards
The government of British Columbia has awarded 13 mines in the province for their safe operating practices.For the second consecutive year, the winner of the John Ash Safety Award, presented to the op…
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
Eldorado tables year-end loss
Cost-cutting programs by Eldorado Gold (ELD-T) failed to offset the damage caused by low gold prices in 1998. The Vancouver-based company tabled a year-end loss of US$121.4 million (or US$1.66 per sha…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Growing US economy bolsters mining industry
The U.S. economy expanded 3.9% in 1998, prompting increased consumption of minerals and mineral-based products, according to a study by the United States Geological Survey. Much of this increase in co…
Gold Fields to merge with Driefontein
Shareholders of both Driefontein Consolidated (DRFNY-Q) and Gold Fields (GLDFY-O) have given the nod to a proposed merger of the companies into a larger and more diversified Gold Fields.Driefontein op…
BYG heads into receivership
Low gold prices have proved too much for B.Y.G. Natural Resources (BYG-T), which has gone into receivership and been suspended from trading on the Toronto and Alberta stock exchanges.B.Y.G. says the r…
Atna encouraged by results from the DR
The results from a first phase of widely spaced drilling on the San Antonio I concession in the Dominican Republic leads Atna Resources (ATN-T) to believe it might have intersected the upper edge of a…
SouthernEra strikes platinum, diamond deals
Nothing if not creative in its diversification plans, SouthernEra Resources (SUF-T) has announced deals to take over a development-stage platinum project in South Africa and to explore for diamonds in…
Cominco looking for new deal at Highland
The Highland Valley copper mine in southern British Columbia will close its doors on May 15, unless the owners can negotiate significant wage and power concessions to keep the mine operating profitabl…
LETTERS TO THE EDITOR — Chemists deserve QP consideration
I read with interest the letter by Ed Alvarez that appeared in your March 15-19 issue, in which he proposes that chartered chemists be considered as “Qualified Persons.”I have no problem with this con…
Golden Knight shareholders OK merger with Repadre
Shareholders of Golden Knight Resources (GKR-T) have approved a proposed merger with Toronto-based royalty company Repadre Capital (RPD-T).More than 99.6% of shareholders voted in favour of Golden Kni…