REGULAR DEPARTMENTS (May 29, 2000)
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News
Gold aids Africa’s renaissance
While South Africa is expected to be number-one in gold for decades to come, the list of the world’s top 20 producers is expected soon to include several African nations now undergoing a mine-building…
Gold district takes shape on Chile-Argentine border
When Barrick Gold (ABX-T) acquired what is now the Pascua-Lama property, through the 1994 takeover of Lac Minerals, gold resources were a mere 2.3 million oz. Today, it hosts proven and probable reser…
NAME CHANGES (May 29, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
The Northern Miner — North American Mining Index (May 29, 2000)
84.02 (-0.38)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (May 29, 2000)
51.36 (-1.82)(Sept. 30/98 = 100)…
GOLD FUNDS (May 29, 2000)
Dynamic MutualCentral FundNet Value$12.80$5.52Price$7.45$5.05Discount…
Wheaton River moves Bellavista closer to production
A brief rally in gold combined with the anticipated go-ahead from the Costa Rican government should enable Wheaton River Minerals (WRM-T) to make a production decision at its Bellavista gold project i…
PGM at high demand
Rising demand and uncertainty over Russian supplies are evoking primary producers of platinum group metals to expand production at an unprecedented rate.Plagued by archaic technology and having only l…
TSE Shorts (May 29, 2000)
Short positions outstanding at May 15, 2000Larger individual positions include:Abitibi-Consolidated Inc. 1,285,729 up 194,498; Alcan Aluminium Ltd. 509,745 down 150,432; Anderson Exploration Ltd.
Aurizon Mines poised to revive mining camp
Back in the mid-1980s, Quebec’s Casa Berardi camp was making news across Canada, including the front pages of this newspaper. The camp has since fallen on hard times, with its operations either deplet…
TVX pockets quarterly profit
Bucking the industry trend, TVX Gold (TVX-T) turned a tidy profit in the three months ended March 31.Earnings topped US$4 million (or 1 per share) on revenue of US$42.1 million, compared with US$4.9 …