Underground sampling begins at Snap Lake
In hopes of starting production as early as 2002, Winspear Resources (WSP-V) has launched an exploration program that will form the backbone of a feasibility study for the Snap Lake diamond project, 2…
News
EXCHANGE RATES (February 21, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 15Feb. 14Feb. 11Feb. 10Feb. 9…
PRODUCER AND DEALER PRICES (February 21, 2000)
Antimony: Mid-mkt US$1,170/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.80-15.10/lb.Copper: Comex Mar. US$0.827/lb.Indium: In…
Manhattan outlines new gold zones
Drilling by Manhattan Minerals (MAN-T) at its 75%-optioned Tambo Grande polymetallic property in northwestern Peru continues to outline gold zones near the main depositThe Southwest zone, outlined dur…
Gold hangs tough
The Dow Jones industrial average fell 239.51 points, or 2.2%, during the report period ended Feb. 15 to close at 10,718.09.Spot gold climbed slightly to US$301.70 per oz. on the Comex division of the …
Cerro Casale moves closer to development
A final feasibility study by Placer Dome (PDG-T) indicates that the Cerro Casale porphyry gold-copper deposit in Chile can be developed economically as a large-scale, low-grade open-pit mine.The depos…
Platinum, palladium prices fuel market activity
Strong demand and continuing uncertainty over Russian exports kept platinum and palladium prices rallying during the Feb. 9-15 report period. The former climbed $8 to US$549 per oz., while the latter …
Sky’s the limit for CDNX
The Canadian Venture Exchange continued its climb, tacking on 196.62 points, or 6.2%, to finish the week ended Feb. 15 at 3,363.50.Canada’s small cap market has launched three new indices: technology;…
Falco ends on high note Noranda earnings soar
Falconbridge (FN-T) more than quadrupled earnings in the final quarter of 1999, thanks to higher production and rejuvenated base metal markets.Net earnings topped $93.9 million (or 51 per share) on r…
No Headline (February 14, 2000)
Gold Funds (February 14, 2000)
Gold Funds as of Feb 3, 2000Dynamic MutualCentral FundNet Value$13.34$5.55Price$8.10…
Hedge books present problems for few gold miners
Despite the public difficulties faced by gold producers Ashanti Goldfields (ASL-N) and Cambior (CBJ-T), a recent analysis of gold producers’ hedge positions shows that most are not facing large losses…