McWatters arranges loan
Val d’Or, Que.-based gold producer McWatters Mining (MCW-T) has tentatively arranged a US$10-million, 4-year loan from Standard Bank London and Canada’s National Bank.McWatters says the loan, expected…
News
MOST ACTIVE ISSUES, April 5-11
Volume(000s)HighLowCloseChangeWilliam Res…
Exchange Rates (April 17, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApr. 11Apr. 10Apr. 7Apr. 6Apr. 5…
Intrepid confirms grades
A twin hole drilled by Intrepid Minerals (IAU-V) has confirmed bonanza silver grades previously encountered at the Cerro Coloado III discovery in western El Salvador.The diamond drill hole returned 53…
Less is more
Gold and stock prices of producing gold companies continue to hover near or below historic lows. The exploration industry and associated service sector are hurting in mining towns across Canada. Opera…
Dow Jones edges higher
The Dow Jones industrial average climbed 122.24 points, or 1.1%, during the report period ended April 11 to close at 11,287.08, as investors continued fleeing high-tech stocks on the Nasdaq.Spot gold …
Broad market rebounds but resource stocks mixed
Recouping over a quarter of the loss reported for the previous period, the Toronto Stock Exchange 300 index climbed 216.19 points between April 5 and April 11 to end the week at 9,358.03, or 2% higher…
Metal Prices (April 17, 2000)
DateApr. 11Apr. 10Apr. 7Apr. 6Apr. 5BASE METALS (London Metal Exchange–Midday official cash/3-month prices, US$ per tonne)…
Producer and Dealer Prices (April 17, 2000)
Antimony: Mid-mkt US$1,100/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.45-17.40/lb.Copper: Comex May US$0.78/lb.Indium: Indi…
Drilling extends Platreef mineralization
The latest hole in an ongoing drill program at the Platreef platinum-palladium-rhodium-gold (PGM) property in South Africa has hit mineralization 200 metres along strike of the previously known zone.H…
MABC cited for school program
The Mining Association of British Columbia’s education program was selected by the Conference Board of Canada as this year’s winner of the Royal Bank Partners in Education award, the province’s top pr…
Fancamp tests Kourouba
Fancamp Exploration (FNC-V) has begun pit-sampling a promising gold-in-soil anomaly at its Kourouba property in southwestern Mali.Kourouba covers 200 sq. km of the regional Kalana greenstone belt. The…