Canadian Stock Exchange Indices (August 28, 2000)
— 52-week –DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16High…
News
Semafo extends mineralization at Nyafe (August 28, 2000)
Results from reverse-circulation drilling by Montreal-based Semafo (SMF-T) at the Mana and Fobiri concessions in Burkina Faso show that a vein system previously defined on surface continues to depth.T…
Silver in high demand
In 1999, for the first time in five years, silver production did not increase but rather declined, according to World Silver Survey 2000, published by the Washington, D.C.-based Silver Institute.The d…
EVENTS (August 28, 2000)
Aug. 30-Sept.1 Geoanalysis 2000 — 4th Int’l Conference on the Analysis of Geological and Environmental Materials. Contact: Jean Carignan. Tel: +33 3 83 59-42-17. Fax: +33 3 83 51-17-98.Aug. 31-Sept. …
Cominco hands Bongara zinc project to Australia’s Pasminco
For an undisclosed amount, Cominco (CLT-T) has transferred its right to earn 65% of the Bongara zinc project in northern Peru to Australia’s Pasminco.The latter, through its Peruvian subsidiary, will …
Hope Bay program expanding
Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have authorized $4 million in exploration spending for their jointly owned properties in the Hope Bay greenstone belt in Nunavut.The companies will con…
Geomaque shows recovery in 2000 Metals Commentary
Geomaque Explorations (GEO-T) stayed profitable in the three months ended June 30, making US$561,000 (US1 per share) on revenue of US$6.3 million. The company also saw production increase and costs d…
South-Malartic finds more gold at Croinor
Definition drilling by South-Malartic Exploration (MSU-M) continues to intersect gold at the Croinor project, 75 km east of Val-d’Or, Que.Earlier this year, the junior proved the existence of flat-lyi…
Sherritt doubles profits, repurchases debentures
Diversified conglomerate Sherritt International (S-T) saw earnings more than double during the second quarter, thanks to a strong operating performance and higher prices for nickel and oil.Sherritt po…
Sigma performance drags down McWatters
Disappointing operating results from the Sigma-Lamaque complex in Val d’Or, Que., have pulled gold miner McWatters Mining (MCW-T) back into the red.For the second quarter ended June 30, McWatters post…
Reefton gold project gets restart
After years of putting development of the Reefton Goldfields on the back-burner, Gold Resources and Development (GRD), based in Perth, Australia, has committed A$2.4 million to advancing a new gold mi…
Diavik gets water licence
Canada’s newest diamond project, the $1.3-billion Diavik mine in the Far North, has cleared the final permitting hurdle for construction and operation. Diavik is owned 60% by mining giant Rio Tinto (R…