Aussie producer eyes Nevada
An Australian gold producer has joined with Franc-Or Resources (FOR-T) and its privately owned partner to explore five properties in Nevada.To earn a 40% interest, Ranger Minerals (listed on the Austr…
News
Boliden sells stake in Saudi mine.
For US$6.9 million in cash, base metal major Boliden (BOL-T) has sold its half-interest in the Saudi Company for Precious Metals (SCPM) to the Saudi Arabian Mining Company (Ma’aden). Prior to the sale…
Sirios reports v.g. at Aquilon
Partners Sirios Resources (SOI-M) and Soquem have uncovered more high-grade gold at their Aquilon property in the James Bay region of Quebec.Grab samples from trenches and outcrops ran up to 295 grams…
OPAP cancellation short-sighted
It has recently come to my attention that the Ontario government will cancel the Ontario Prospectors Assistance Program (OPAP) as part of a cost-reduction program. As president of a junior mining comp…
Vengold goes dot.com route
After losing US$76.4 million (or US53 per share) during the first nine months of 1999, Vengold (VEN-T) has decided to its shift its focus away from mining and toward the internet.The considerable siz…
Gold, nickel production falls in September
Canadian production of lead, silver and refined copper and zinc rose between September 1998 and September 1999, whereas output of primary copper and zinc, nickel and gold was down.The statistics shown…
Metal Prices (December 20, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 14Dec. 13Dec. 10Dec. 9…
Vista closes Mineral Ridge mine
Having failed to meet production targets, Mineral Ridge Resources, a wholly owned subsidiary of Vista Gold (VGZ-T), intends to declare bankruptcy and shut down its namesake gold mine in southern Nevad…
MOST ACTIVE ISSUES, DEC. 8-14
Vol(000s)HighLowCloseChangeVengoldT 31190 0.44 0.20 0.30 + 0.11…
Spot Prices Wed. December 15, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$279.85-$3.45Silver$ 5.19+$0.05…
Exchange Rates (December 20, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8…
Kennady Lake kimberlite rises in value
A revised model of the 5034 kimberlite at Kennady Lake in the Northwest Territories has increased the value of the pipe’s stones.Based on results from this year’s bulk-sampling of 5034, together with …