Spot Prices (March 05, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$293.75-$11.50Silver$ 5.13-$0.13…
News
Exchange Rates (March 05, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 29Feb. 28Feb. 25Feb. 24Feb. 23…
Venture Exchange buoyed by strong high-tech sector
Canada’s junior stock market blew past the 3,800-point level for the first time, helped by a strong technology index. The Canadian Venture Exchange tacked on 260.35 points, or 7.3%, during the report …
Placer Dome posts positive results for 1999
Despite incurring US$95 million in merger and write-down costs, Placer Dome (PDG-T) managed to turn a healthy profit in 1999.North America’s third-largest gold mining company earned US$35 million, (or…
GREATEST VALUE TRADED, Feb. 23-29
Exchg Val($000s)HighLowCloseChangeAlcoa*N 564687 74.38 67.69 68.50 – 4.00…
Stroud eyes high-grade Mexican silver deposit
Though still at an early stage of exploration, the Santo Domingo II project of Stroud Resources (SDR-T) is already showing signs of hosting a high-grade epithermal silver deposit.Santo Domingo lies in…
Wolfden drills Monument Bay
Initial drilling by Wolfden Resources (WOLF-C) at the Monument Bay gold project in northeastern Manitoba has returned encouraging results.The first four holes intersected an alteration zone with a str…
Partners explore Ecuador
Corriente Resources (CTQ-T) has joined forces with Arizona-based Lowell Mineral Exploration and London-listed Billiton to explore for porphyry copper deposits in southeastern Ecuador.The area of inter…
Sulliden finds new targets in Peru
Since an initial 10-hole drill program has failed to replicate promising surface results from the La Rubia and Boliche structures, Sulliden Exploration (SUE-M) is shifting its focus to a silicified ri…
Virginia ventures into uncharted regions of Quebec
The recent discovery by Virginia Gold Mines (VIA-T) of a nickel sulphide deposit in northern Quebec has reaffirmed the company’s position as one of the most active explorers in the province.In the fal…
Newmex Minerals acquires Borealis gold-silver property
Calgary-based Newmex Minerals (NMM-V) has acquired an option to earn a 32% interest in the Borealis gold-siler propery in Nevada’s Mineral Cty.Owned 68% by Nevada-based Golden Phoenix Minerals (GPXM-Q…
Glamis feels price pinch
Despite an increase in gold production, Glamis Gold (GLD-T) was unable to turn a profit in 1999. The company posted a loss of US$21.3 million (or US33 per share) on revenue of US$57.5 million, compar…