News



Exchange Rates (May 28, 2001)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 22May 21May 18May 17May 16US$ in C$1.5407Holiday1.53301.5358…


Market catches gold fever

Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…


Luhala reveals more gold

Drilling by Tan Range Exploration (TNX-V) has led to the discovery of more gold mineralization at the Luhala property in Tanzania’s Lake Victoria Goldfields district.The prospect, called Shilalo South…


Drilling planned for Knife

A planned 5-hole drilling campaign on the newly discovered Knife kimberlite pipe, 80 km south of Coronation Bay in Nunavut, is aimed at delineating the size and internal structure of the body, while p…


Namco inks Leviev deal

With shareholder and regulator approvals, Namibian Minerals (NMR-T) has issued 37.7 million treasury shares to the Leviev Group of Israel to net US$15 million in proceeds.The deal brings to US$27 mill…



Sigma Mines goes deeper

Before the end of the year, Sigma Mines expects to extend its main operating shaft to a depth of 3,000 ft.Although still relatively shallow in comparison with other Canadian mines, the shaft will be t…


Poor maintenance at Beatrix

An investigation into the recent explosion that killed 12 workers at Gold Fields’ Beatrix mine in South Africa has revealed that the operation had inadequate maintenance standards.The report, performe…


Gold Funds (May 28, 2001)

Gold Funds as of May 17, 2001Dundee Precious MetalsCentral FundNet Value$14.14$5.31Price$9.90$5.17…


De Beers to drill Ken Hicks target in NWT

De Beers Canada Exploration continues to search for the elusive source of the Ken Hicks kimberlite indicator mineral train on the LA 1-2 claims of the Doyle Lake joint venture project in the Northwest…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close