Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…
News
Ashanti, AngloGold boost reserves at Geita
Geita District, Tanzania — Tanzania’s mining renaissance owes much to the pioneering spirit of Ashanti Goldfields (ASL-N) and AngloGold (AU-N), which set out, in the late 1990s, to broaden their oper…
Angus, Cabot explore for tantalum in Greenland
In January 2000, shortly after its formation, Angus & Ross obtained a 414-sq.-km exploration licence covering a tantalum-and-niobium-bearing deposit within the Motzfeldt Centre of the Igaliko nephelin…
Canadian Stock Exchange Indices (March 12, 2001)
Date March 6 March 5 March 2 March 1 Feb. 28HighLow…
PGM search intensifies in Ontario
An increasing interest from the majors and an ongoing price rally are adding momentum to the search for platinum and palladium deposits in northern Ontario. At last count, more than a dozen companies …
Ashanti Goldfields on sound footing, Jonah says
The past year was challenging for all gold companies, but Ashanti Goldfields (ASL-N) had the added task of rebuilding after a failed hedging program splashed red ink over its balance sheet in the fall…
Birch audit finds ‘little precious metal’
A technical audit by outside consultants has concluded that exploration for “Prairie-style” gold mineralization in northeastern Alberta, currently being pursued by Birch Mountain Resources (BMD-V), ha…
Desert-dirts back at it
Science moves but slowly, slowly, creeping on from point to point. What Tennyson didn’t add was that pseudo-science just keeps going in circles. Thus several companies, all quoted on the over-the-coun…
Golden Goliath outlines drill targets in Mexico
Armed with $4.5 million from an over-subscribed public offering last fall, Golden Goliath Resources (GNG-V) is busy outlining drill targets at three of its five properties in Mexico’s Urachic gold-sil…
New resource at Lac des les
Exploration drilling at the Lac des les mine of North American Palladium (PDL-T) has established a significantly larger resource in the Roby Zone palladium-platinum deposit.The new calculation, compl…
CDNX continues upswing (March 12, 2001)
Vancouver — The mining index took centre stage on Canada’s junior exchange during the report period ended March 6 as it broke through the 6,000 mark. The Canadian Venture Exchange (CDNX) composite in…
Gold Funds (March 12, 2001)
Gold Funds as of March 1, 2001Dundee Precious MetalsCentral FundNet Value$12.45$5.33Price$7.47$4.900…