Rio Narcea expands in Spain
Subject to final approval by Spanish authorities, Rio Narcea Gold Mines (RNG-T) has exercised an option to acquire the Aquablanca nickel-copper-platinum group metals project in that country’s Extremad…
News
Ocampo reveals more gold, silver (July 16, 2001)
Drilling at the Ocampo silver-gold project in Mexico continues to yield encouraging results for Gammon Lake Resources (GAM-T).Among the latest holes drilled is UGD-13, which returned 633 grams silver …
Bill could level playing field
A bill introduced in the U.S. House of Representatives would give investors who hold gold, silver and platinum bullion the same capital gains treatment enjoyed by those who hold stocks and bonds.Curre…
Starfield advances Ferguson Lake (July 16, 2001)
Rankin Inlet, Nunavut — Recently cashed up and determined to expand resources at its Ferguson Lake copper/nickel/cobalt/platinum-group-metals property in Nunavut, Starfield Resources (SRU-V) is churn…
Juniors test waters in British Columbia
A recent change in government is fuelling optimism and a modest revival of exploration in British Columbia. Mining executives say the government’s promises to streamline permitting procedures and impr…
News – 16-JUL-01
Pessimism batters euro, bolsters dollar Currencies and confidence
A growing number of economists agree that the U.S. dollar is over-valued, but that hasn’t stopped investors from shunning the euro, which dipped to fresh seven-month lows last week after the European …
GOLD FUNDS (July 16, 2001)
Dundee Precious MetalsCentral FundNet Value$13.49$5.06Price$9.75$4.80Discount27.725.10Val…
Rock garden to open in Haileybury
A rock garden designed to illustrate Canada’s geological diversity will open this month in Haileybury, Ont.Haileybury Mayor Thomas Wells and local Member of Parliament Ben Serre will be on hand for th…
Exchange Rates (July 16, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 10July 9July 6July 5July 4US$ in C$1.52111.52111.51981.5099…
Edwards mine hits a dry spell (July 16, 2001)
Low gold prices and dwindling reserves have put the kibosh on the Edwards gold mine in north-central Ontario, though River Gold Mines (RIV-T) says it may resume deep exploration once prices improve.In…
Freeport enjoys strong quarter
Denver — Improved ore grades and record throughput at the Grasberg copper-gold operation in Irian Jaya, Indonesia, should propel Freeport-McMoRan Copper & Gold (FCX-N) to a profitable second quarter….