North opts out of Antone Canyon
Widely spaced drilling at the Antone Canyon gold property in central Nevada has returned disappointing values for Royal Standard Minerals (RSM-M) and Australia’s North.The latter spent almost three mo…
News
Metallica issues shares to Franco
Denver — In return for a loan used to purchase the Mara Rosa gold property in Brazil, Metallica Resources (MR-T) has issued 2.2 million shares to Franco-Nevada Mining (FN-T).In 1997, Franco guarantee…
EVENTS (January 10, 2000)
Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681-5328.Jan. 30-Feb 2 American Zinc Association — “Int’l Zinc C…
SUPPLIERS’ NEWS ROUNDUP
Drilling suppliers Boart Longyear and Layne Christensen say a recent deal between the two firms, in which each will supply the other with drilling equipment it does not manufacture, is a sign of the t…
Spot Prices Wed. January 5, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$282.10-$8.55Silver$ 5.29+$0.09…
Russians blindside Pan American Silver
A month-old Russian company that describes itself as a machinery and aircraft builder has succeeded in its US$12-million bid for surface assets at the huge Dukat silver mine in Eastern Russia.The succ…
Inca Pacific hits hot hole at Magistral
Vancouver — The last five holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific Re…
Cambior inks restructuring agreement with lenders
Beleaguered Cambior (CBJ-T) has finally signed a definitive restructuring agreement with its lenders and hedge providers.The deal brings to a close a 3-month standstill period initiated after the gold…
PEOPLE (January 10, 2000)
Diamond Fields — Frank Waldron appointed director.Meteor — Fred Fabro appointed director.Minco — William Meyer appointed director.Miramar — Robert McCallum and L…
Dow ends year on high note
The Dow Jones industrial average ended the report period of Dec. 29-31, and the year, at a new high of 11,497.12 points. However, the average plummeted nearly 360 points in early trading in January, w…
Metal Prices sink as new year begins
When the world failed to come to a screeching halt on Jan. 1, 2000, investors came out of their bunkers and dumped on gold, driving down the yellow metal by US$8.55 over the report period to US$282.10…
CDNX posts gain over end-of-year period
The Canadian Venture Exchange started off the new year unaffected by widespread selling that dampened the holiday spirits of the major markets. As a result, the CDNX index gained 118.94 points over th…