Tres-Or on PGE bandwagon
An option agreement will enable Tres-Or Resources (TRS-V) to explore for platinum group elements (PGE) near Timmins, Ont.Provided regulators approve the deal, the junior can earn a 100% interest in 19…
2000
EXCHANGE RATES (May 15, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 9May 8…
Blast from the past
Back around 1955, I met up with three Irish prospectors from Noranda in northwestern Quebec. Joe, the vice-president (“in charge of vice,” he’d often say), ran an exploration outfit with the assistanc…
Timmins vows to save headframes
Gold mining and Shania Twain have put Timmins, Ont., on the map in mining and music circles. And yet while the beat goes on for the Timmins songstress, the city’s mining heritage is being eroded by pl…
Dow drops as gold edges higher
The Dow Jones industrial average dropped 194.37 points, or 1.8%, during the report period ended May 9 to close at 10536.75.Spot gold on the Comex division of the New York Mercantile Exchange picked up…
Northern Miner Indices (May 15, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
International Wayside cuts lower grades at Cariboo
Junior International Wayside Gold Mines (IWA-V) is disappointed by drill results from its Cariboo gold property in north-central British Columbia.Drill holes 9 and 14 cut broad intervals of lower-grad…
Gold Fields improves earnings
South African-based Gold Fields (GOLD-Q) increased its earnings in the first quarter despite a 3% drop in the price of gold over the past three months.The company turned a profit of US$36.9 million (o…
Four missing at Grasberg mine
An accident at the Grasberg open-pit copper-gold mine in Irian Jaya, Indonesia, has left four people missing.Louisiana-based Freeport-McMoRan Copper & Gold, through its operating unit, P.T. Freeport I…
Tulawaka tests spawn optimism
Partners Pangea Goldfields (PGD-T) and Explorations Minires du Nord (MDN-T) have received encouraging metallurgical results from their Tulawaka gold project in Tanzania.Composite samples for the talu…
MOST ACTIVE ISSUES, May 3-9
At press time, the figures for the Most Active Issuesfor the week of May 3rd to 9th were not available.We apologize for the inconvenience.
Ken Snyder mine boosts Franco-Nevada to record year
The Ken Snyder gold mine in Nevada’s Midas district gave a major boost to the bottom line of Franco-Nevada Mining (FN-T) in its fiscal year ended March 31, 2000.The Toronto-based company posted net ea…