Gold weakens on Dow’s rebound
The Dow Jones industrial average climbed 357.40 points, or 3.3%, during the report period ended April 25 to close at 11,124.82. The gain came on the heels of a strong rally with the Nasdaq, which did …
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Partners form JV with Rio Tinto
Two Canadian juniors, Semafo (SMF-T) and Afcan Mining (AFK-M), have formed a joint venture with London-based Rio Tinto (RTP-N) to explore the Mont Kakoulima massive sulphide property in Guinea.
Junior market still tender following correction
Still volatile after the recent high-tech meltdown, the Canadian Venture Exchange dropped 87.51 points, or 2.4%, to close at 3,562.79 during the holiday-shortened period ended April 25. The mining ind…
Breakwater eyes Oued Amizour
A letter-of-intent agreement with an Algerian geological agency sets the stage for Breakwater Resources (BWR-T) to earn up to a 90% interest in the Oued Amizour zinc project, 10 km from the port city …
TSE to boot struggling juniors in August
Junior mining companies facing the boot from the Toronto Stock Exchange under strict new listing requirements have four months to turn their fortunes around.Starting Aug. 1, the TSE will delist any re…
Noranda tests Perseverance
If the high-grade results of recent drilling are any indication, Noranda (NOR-T) may soon prove that Perseverance pays at its mining complex in the Matagami camp of northern Quebec.Perserverance is th…
The Northern Miner — Small Producers Index (April 24, 2000)
50.77 (-2.99)(Sept. 30/98 = 100)…
Gold Funds (April 24, 2000)
Gold Funds as of April 13, 2000Dynamic MutualCentral FundNet Value$12.77$5.56Price$8.
Metal Prices (April 24, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApr. 18Apr. 17Apr. 14Apr. 13…
GQ reveals more diamonds
Ongoing geochemical sampling at the GQ diamond property near Wawa, Ont., has yielded more diamonds for Band-Ore Resources (BAN-T).Three macrodiamonds (stones with one dimension greater than 0.5 millim…
Twin Gold extends discovery
Sampling by Twin Gold Mining (TWG-T) has turned up more evidence of kimberlite dykes along a magnetic anomaly trend on the Torngat diamond project on the eastern side of Ungava Bay in northern Quebec….
Foran drills at McIlvenna Bay
Foran Mining (FOM-V) is performing 2,500 metres of follow-up drilling to test the depth extension of its McIlvenna Bay zinc-copper-gold deposit in the Flin Flon greenstone belt of northern Saskatchewa…