EXCHANGE RATES (May 15, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 9May 8…
News
Blast from the past
Back around 1955, I met up with three Irish prospectors from Noranda in northwestern Quebec. Joe, the vice-president (“in charge of vice,” he’d often say), ran an exploration outfit with the assistanc…
Timmins vows to save headframes
Gold mining and Shania Twain have put Timmins, Ont., on the map in mining and music circles. And yet while the beat goes on for the Timmins songstress, the city’s mining heritage is being eroded by pl…
Dow drops as gold edges higher
The Dow Jones industrial average dropped 194.37 points, or 1.8%, during the report period ended May 9 to close at 10536.75.Spot gold on the Comex division of the New York Mercantile Exchange picked up…
Tan Range attracts interest
Gold exploration companies are having a tough time rekindling investor interest in the current bear market. However, one company that seems to be doing just that is Tan Range Exploration (TNX-V). The …
McWatters adds ounces to new zone at Kiena
A 2-year exploration program by McWatters Mining (MCW-T) at its underground Kiena gold mine in Val d’Or, Que., has delineated significant resources in a new zone northeast of current mine workings.Act…
Glamis buys Cambior’s stake in Cerro San Pedro
Reno-based Glamis Gold (GLG-N) has purchased the Mexican assets of beleaguered Cambior (CBJ-T) for US$7 million.Through its Mexican subsidiary, Cambior controls several companies with exploration and …
Northern Miner Indices (May 15, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Boston deposit reveals bonanza grades
Infill drilling at the Hope Bay project, in the Hope Bay greenstone belt of northwestern Nunavut, indicates that the Boston gold deposit is richer than previously thought.Partners Miramar Mining (MAE-…
Southern Rio funds work
Junior Southern Rio Resources (SNZ-V) has arranged a $338,000 private placement financing for a total of 2.25 million shares priced at 15 each.Proceeds will be used to acquire copper properties in Ch…
Chaos in Sierra Leone
If there’s a hell on earth, it must be Sierra Leone. What could be more horrific than rebel army leaders ordering child-soldiers to murder unarmed civilians, including family members? And what could b…
Baie-Comeau site of conference
Prospectors, geologists and other interested parties will meet from June 2 to 4 in Baie-Comeau, Que., to discuss exploration on the province’s North Shore.It will be the third such summit, which is he…