News
NAME CHANGES (April 03, 2000)
Fancamp Resources (FNM-V) has changed its name to Fancamp Exploration (FEL-V) on a 1-new-for-2-old-share basis.
Taking taxpayers to the cleaners
If the “cleanup” of the Summitville gold mine in Colorado speaks for the competence of the Environmental Protection Agency (EPA), then be afraid for the environment and your pocketbook. Be very afraid…
Monopros takes bulk sample from Ontario kiberlite field
News that Monopros has commenced a bulk-sampling program on the diamondiferous Victor kimberlite pipe in the James Bay Lowlands of northern Ontario is sparking renewed interest in the region.The March…
Gold crumbles on French scare
The Dow Jones industrial average edged up 28.77 points, or 0.2%, to 10,936.11 during the report period ended March 28, while the spot price of gold eroded to US$279.20 on the Comex division of the New…
Partners unveil reserves at Veladero
Homestake Mining (HM-N) and Barrick Gold (ABX-T) have announced reserves of 4.8 million oz. gold and 65.7 million oz. silver at their 60-40-held Veladero property in northwestern Argentina.The propert…
Highwood Resources spins off Thor Lake subsidiary
Highwood Resources (HWD-T) intends to establish a wholly owned specialty materials business named Rare Metal Alloys, which will concentrate on commercial development of the Thor Lake beryllium project…
Resource stocks fail to ride broad market wave
The March 22-28 report period proved to be a volatile one, with the Toronto Stock Exchange 300 index passing the 10,000 mark for the first time ever on March 23 — only to slip to 9,922.85 by the week…
Exchange Rates (April 03, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 28Mar. 27Mar. 24Mar. 23Mar. 22…
Vista continues string of losses
Vista Gold (VGZ-T) had yet another losing year in 1999, due to US$16.2 million in writedowns and lower-than-expected gold production.The company lost US$27.7 million (or 31 per share) on revenue of U…
Correction (April 03, 2000)
A report in our Feb. 28-March 5 issue implied that Trans Hex International (THI-T) will fund its 2001-fiscal-year exploration programs at the Barra Grande and Northbank diamond properties in Brazil an…
Freewest eyes Bulldozer
Junior Freewest Resources (FWR-M) will explore a new polymetallic showing at the Bulldozer property in northwestern Ontario.The Montreal-based company can earn a half-interest in the property from a p…