News

Despite higher production and lower costs, Nelson Gold (NLG-T) reported a net loss of US$421,000 on revenue of US$3.4 million for the three months ended June 30.In the comparable period of 1999, the c…

William Hayes is the executive vice-president of U.S. and Latin America operations for Placer Dome. He was not elected chairman of Placer Dome as stated in our Aug. 21-27 issue; he was elected chairma…

Geologists have known about the relationship between volcanic action and precious metals deposits for a long time. Now, for the first time, a team of scientists is watching the formation of a volcanic…

For $4.75 million in cash and shares, Montreal-based junior GeoNova Explorations (GNE-M) is acquiring Ced-Or’s (COQ-M) interests in the Bachelor Lake gold mining complex.Situated in Quebec’s Le Sueur …

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…

52.50 (+3.29)(Sept. 30/98 = 100)…

Precious MetalsPrice (US$/oz.)ChangeGold$272.60+$0.15Silver$ 4.89+$0.08…

Gold Funds as of August 24, 2000Dynamic MutualCentral FundNet Value$12.69$5.35Price$7…

NDT Ventures (NDE-V) is drawing up plans to explore the Antana gold project in southern Peru.The bulk-tonnage, low-grade target is in Azangaro province, near the town of Juliaca. The concession measur…

Exchg Val($000s)HighLowCloseChangeRio AlgomT 806390 29.00 26.20 28.70 + 2.45…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23…

Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.95-16.00/lb.Copper: Comex Sept. US$0.879/lb.Indium: I…