The Northern Miner — Small Producers Index (March 27, 2000)
61.79 (+2.82)(Sept. 30/98 = 100)…
2000
Second Romanian dam breaks
A tailings dam at the Baia Borsa base metal mine in northwestern Romania has broken, sending more waste into the Tisza River, a tributary of the Danube.Like the tailings dam at the Baia Mare gold proj…
Robex nixes $300,000 financing Chinese venture to get cash infusion
Ste-Foy, Que.-based Robex Resources (RBX-M) says “technical reasons” forced it to cancel a $300,000 financing plan a little more than a month after it was announced.However, the company raised $500,00…
Fraud artists target Canadian mineral explorers
A Toronto mining executive is warning Canadian juniors against a scheme in which companies are promised introductions to European investors eager to own mining shares.William Burton, president of Toro…
Virginia funded for programs in Quebec
Few juniors have generated as much exploration smoke as Virginia Gold Mines (VIA-T) or assembled a land package as prospective as that company’s 14 gold and base metal properties in northern Quebec. K…
Spot Prices (March 27, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$289.40+$0.70Silver$ 5.14+$0.06…
INDEX (March 27, 2000)
AngloGold10Arena Gold2Atna Res.14Aur Res.1Band-Ore14Battle Mt.10Birim11Cambior6Canabrava14Channel Res.18…
Gold Funds (March 27, 2000)
Gold Funds as of March 16, 2000Dynamic MutualCentral FundNet Value$13.51$5.64Price$8.
Takeover easy on Grupo’s pocketbook
Grupo Mexico expects to save up to US$200 million as a result of its recent merger with Asarco.The savings stem from the elimination of administrative redundancies, consolidation of purchasing and sal…
Echo Bay eyes Moreau gold property in Arizona
Having completed surface-sampling and mapping, a wholly owned subsidiary of Echo Bay Mines (ECO-T) is preparing to drill-test five targets on the Moreau gold property near Parker, Ariz. The targets ar…
Diamond Fields begins study
Diamond Fields International (DFI-T) is advancing its marine diamond concessions near Luderitz, Namibia, to the stage of final feasibility study.As part of the study, U.K.-based Seacore, a British mar…
First Quantum, Glencore close ZCCM deal
Shareholders of Zambian Consolidated Copper Mines (ZCCM) have unanimously approved the sale of their company’s Mufulira division and the Nkana mine, concentrator and cobalt plant to Mopani Copper Mine…