CDNX cools off as tech rally weakens
Canada’s junior exchange slowed its bull run to a mere trot, posting only 29.44 points, or 0.67%, to finish the week ended March 21 at 4,404.89. The mining index kept a slightly faster pace, tacking o…
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MEETINGS (March 27, 2000)
March 28 Bomax — annualMarch 28 Essex — annualMarch 28 Int’l Alliance — annual, generalMarch 29 Int’l Skyline — annual, general, specialMarch 29 Kans…
NovaGold plans drilling near Nome
NovaGold Resources (NRI-T) is about to begin infill and confirmation drilling on the Rock Creek gold property, north of Nome, Alaska.The property contains a measured indicated and inferred resource of…
Latest UK auction drives brief gold rally
During the March 15-21 report period, attention in the gold market was directed toward the Bank of England’s latest gold auction, held on March 21.The bank sold 25 tonnes (803,600 oz.) for US$285.25 p…
GREATEST VALUE TRADED, March 15-21
Exchg Val($000s)HighLowCloseChangeAlcoa*N 892947 69.19 61.75 68.31 + 7.06…
Global Diamond tests anomalies
San Diego, Calif.-based Global Diamond Resources (GDRS-Q) will investigate two aeromagnetic anomalies on its Caerwinning property in South Africa’s Northern Cape province.Ground geophysics, followed b…
Dow rockets, gold sputters
During the report period ended March 21, the Dow Jones industrial average gained 1,096.1 points, or 11%, to close at 10,907.24. The rally was highlighted by a record gain of nearly 500 points on March…
MOST ACTIVE ISSUES, March 15-21
Exchg Vol(000s)HighLowCloseChangeWilliam ResT 24096 0.26 0.18 0.20 – 0.06…
Northgate re-launches Kemess mine
Having assumed the reins of the Kemess mine, about 300 km northwest of here, Northgate Exploration (NGX-T) is determined to turn the large-tonnage, low-grade copper-gold producer into a profit-maker.S…
Placer Dome makes South African debut
Last year’s acquisition of half of the South Deep mine in South Africa helped to more than double Placer Dome’s (PDG-T) ore reserves to nearly 66 million oz. gold.The Vancouver-based major purchased a…
Land-use battles subject of forum at MM2000
Competing interests in the land-use battle were explored in a recent forum titled “Land-use battles: will they ever end?”, at Mining Millennium 2000, a Toronto conference jointly sponsored by the Pros…
Monument Bay drilling turns up more gold
Drilling by Thunder Bay-based Wolfden Resources (WOLF-C) continues to intersect gold mineralization in the known A and B Zone structures at the Monument Bay deposit in northeastern Manitoba.The progra…