Gold benefits from recent market whipsaw
The Dow Jones industrial average climbed 228.73 points to finish the report period ended April 4 at 11,164.84, despite wild fluctuations on the last trading day. It plunged as much as 500 points durin…
News
Aurizon plans production from Casa Berardi
The Casa Berardi gold mine in northwestern Quebec emerged from a long tunnel into the sunshine this week, with the release of a positive feasibility study by operator Aurizon Mines (ARZ-T).The study c…
AngloGold buys stakes in Geita, Morila
For US$205 million in cash and help in obtaining project financing, AngloGold (au-n) has struck a preliminary deal to buy a 50% interest in Ashanti Goldfields’ (ASL-N) Geita gold project in Tanzania.T…
Energy, economy and Kyoto subject of forum at MM2000
Speakers at a recent forum in Toronto titled “Energy, the Economy and Kyoto” expressed little confidence that Canada would be able to reduce greenhouse gas emissions to 6% below 1990 levels before 201…
Spot Prices, Wed. April 5, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$283.10+$4.00Silver$ 5.11+$0.06…
Producer and Dealer Prices (April 10, 2000)
Antimony: Mid-mkt US$1,110/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.05-17.40/lb.Copper: Comex May US$0.793/lb.Indium: Ind…
Minefinders boosts Dolores project
Infill drilling at the Dolores project in Mexico’s Chihuahua state continues to enhance the gold and silver asset base of Minefinders (MFL-V).The property, which comprises more than 400 sq. km in the …
AngloGold expands presence in South America
The world’s largest gold producer has set its sights on several prospective areas of South America as part of an ongoing effort to expand beyond its operating base in South Africa.In the past year, An…
Freewest gains PGE prospect
With the platinum-palladium hunt heating up in Ontario, Montreal-based Freewest Resources (FWR-T) has acquired 6 sq. km of prospective ground in the Manitouwadge greenstone belt, north of the Hemlo go…
Gammon Lake advances Ocampo property
Junior Gammon Lake Resources (GAM-T) has increased its land holdings in the Ocampo gold-silver district of western Chihuahua state, Mexico, and begun a third round of drilling in preparation for a fea…
Metal Prices (April 10, 2000)
DateApr. 4Apr. 3Mar. 31Mar. 30Mar. 29BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)…
Rubicon, Billiton cut massive sulphides
Vancouver-based junior Rubicon Minerals (RMX-V) and partner Billiton Exploration Canada have intersected more massive sulphide mineralization during a 9-hole, 2,500-metre drilling program at their Poi…