NEWS ROUNDUP (May 29, 2000)
Globex Mining Enterprises (GMX-T) has acquired a 100% interest in a nickel-platinum group metals property in La Motte Twp., 20 km north of Malartic, Que.The property includes the Bilson-Cubric nickel …
News
GREATEST VALUE TRADED, May 17-23
ExchgVal($000s)HighLowCloseChangeAlcoa*N 477402 66.31 61.88 61.94 – 5.00…
TSE INDICES (May 29, 2000)
2000May 23May 22May 19May 18May 17HighLowTSE 3008986.58Holiday9293.149549.85…
Opawica, Barrick revise Argentine deal
A 1999 agreement, under which Barrick Gold (ABX-T) was earning a 70% interest in properties held by Opawica Explorations (OPW-T) in Argentina, has been revised.As a result, Opawica is now freed from h…
Niger poised for mining growth
Niger’s emergence on the mining radar screen owes much to the efforts of Etruscan Resources (EET-T), a junior exploration company based in Dartmouth, N.S.In April, the country’s prime minister, Hama A…
METAL PRICES (May 29, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 23May 22May 19May 18…
LME Warehouse Levels (May 29, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 23/00 (change from May 16 in brackets):MetalStock (tonnes)Change…
Producers mixed as gold takes a tumble
Gold took the spotlight in the May 17-23 report period, slipping 95 to a London morning fix of US$273.90 per oz. on May 24. This marks the second consecutive week in which the yellow metal has tumble…
CDNX sinks in stormy seas
The Canadian Venture Exchange index sank 124.24 points, or 3.6%, to close at 3,315.33 for the report period ended May 23. Only the oil and gas index managed to stay afloat, posting modest gains, while…
MOST ACTIVE ISSUES, May 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N 7707 66.31 61.88 61.94 – 5.00…
NovaGold cuts higher grades at Rock Creek
The first six holes of an ongoing 30-hole infill drill program on the Rock Creek property, in western Alaska, have returned better-than-expected grades for California-based NovaGold Resources (NRI-T)….
Mali enjoys gold boom
Mali has already climbed to number 17 on the list of global producers, and experts predict the West African nation could reach an even higher ranking if several new projects under development come int…