Unsteady Dow buoys gold
Fear of further interest rate hikes pushed the Dow Jones industrial average down 413.25 points, or 3.9%, to 10,304.84 for the report period ended Feb. 22, while gold edged up to US$305.60 per oz. on t…
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SPOT PRICES — Wed. February 23, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$305.25+$4.75Silver$ 5.26+$0.03…
Birim re-interprets Opon mineralization
Junior Birim Goldfields (BGI-T) has resumed drilling at its Dunkwa concession in the prolific Ashanti gold belt of Ghana.A minimum of 18 holes will be sunk at the Opon prospect to test for strike exte…
EXCHANGE RATES (February 28, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 22Feb. 21Feb. 18Feb. 17Feb. 16…
PRODUCER AND DEALER PRICES (February 28, 2000)
Antimony: Mid-mkt US$1,160/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.70-15.10/lb.Copper: Comex Mar. US$0.8275/lb.Indium: I…
TSE INDICES (February 28, 2000)
DateFeb. 22Feb. 21Feb. 18Feb. 17Feb. 16HighLowComposite “300”9194.869231.169295.5194…
Fairfield ships bullion from Siwash
Vancouver-based Fairfield Minerals (FFD-T) has shipped its remaining gold bullion to an Ontario refiner for upgrading to the North American standard of 9999 purity.The bullion produced gold credits of…
Glencore bankrolls Zambian copper deal
Swiss trader Glencore International and First Quantum Minerals (FM-V) have moved a step closer to completing a deal with the government of Zambia and Zambia Consolidated Copper Mines (ZCCM) to buy a 9…
GeoNova buys Bachelor Lake
Montreal-based GeoNova Explorations (GNE-M) has signed a preliminary agreement to buy the Bachelor Lake gold mine and mill facilities for $5.6 million in cash and debt plus 3 million GeoNova shares.Si…
Twin finds more anomalies
Junior Twin Gold (TWG-T) has identified four dykes and 10 anomalies in an airborne survey over its diamond property in northern Quebec.The magnetic-electromagnetic survey on the northeastern section o…
Noranda and Metallica revise joint venture
Noranda (N-T) has revised its agreement with Metallica Resources (MR-T) over the Chilean copper porphyry target known as El Morro.Under the new agreement, Noranda can earn a 70% interest in the proper…
Ashanti
Decreased gold production, lower prices and a $7.8-million writedown of mining assets combined to produce more red ink for Richmont Mines (RIC-T) during 1999.The Montreal-based gold miner churned out …