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…
2000
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…
NAME CHANGES (March 27, 2000)
Arrowhead Minerals (AOW-V) has changed its name to Gemini Energy (GNI-V) on a 1-for-10-share basis.
New economy supported by the old
With wonder one watches the volatility in global stock markets and the preoccupation of the news media with the “new global economy.” The myopic focus on telecommunications, e-commerce, genetic engine…
Exchange Rates (March 27, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 21Mar. 20Mar. 17Mar. 16Mar. 15…
AngloGold expands at Cresson
AngloGold (AU-N) and Golden Cycle Gold (GCC-P) have increased reserves and resources to nearly 10 million oz. gold near Colorado Springs, Colo.Reserves increased by more than 10% to 169 million tons g…