News

Stagnant gold prices have forced Kinross Gold (K-T) to chalk up another quarterly loss.Net losses for the first three months of 2000 totalled US$7.8 million (or 3 per share) on revenue of US$70 milli…

Robert McEwan, president of Goldcorp, will be the guest speaker at a noon luncheon of the Toronto branch of the CIM, scheduled for May 18 at the Ontario Club.The presentation will focus on the “Goldco…

The News Roundup article “SNC begins Pascua work” (The Northern Miner, May 1/00) stated that SNC-Lavalin began site development in February, with the implication that construction of the Pascua mine w…

Dynamic MutualCentral FundNet Value$12.77$5.49Price$8.00$5.10Discount37.35%7…

Precious MetalsPrice (US$/oz.)ChangeGold$277.60-$0.10Silver$ 5.00+$0.03…

Higher gold prices enabled Richmont Mines (RIC-T) to turn a small profit in the first quarter.Net earnings in the three months ended March 31 totalled $846,329 (or 6 per share) on revenue of $11 mill…

Alcan Aluminum (AL-T) is only months away from starting up a large-scale greenfield smelter in Alma, Que., shareholders were told at the company’s annual meeting in Montreal.The plant is 2.5 km west o…

On the back of excellent contributions from the Pierina mine in Peru and the Goldstrike property in Nevada, juggernaut Barrick Gold (ABX-T) has posted stronger-than-expected results for the first quar…

Gold dropped to a fresh 7-month low of US$272 per oz. during the April 26-May 2 report period before recovering slightly to reach a London morning fix of US$277.70 per oz. on May 3.Gold’s rebound on t…

April trading activity on the Canadian Venture Exchange was off 61% from the previous month as technology stocks retrenched from their lofty heights. The CDNX declined 18% over March, while, during th…

A $40-million program of advanced exploration now under way at the NW Snap Lake project in the Northwest Territories will provide operator Winspear Resources (WSP-T) with all the information required …