EVENTS (February 14, 2000)
Feb. 29 CPM Group — “Silver Mining Investment Conference.” New York Mercantile Exchange, N.Y. Tel: (212) 785-8320. Fax: (212) 785-8325. Web site: http://www.cpmgroup.comMarch 2-3 S…
2000
Madison seeks funding for Mt. Kare
Madison Enterprises (MNP-V) has arranged for a $5.2-million private placement to finance drilling on the Mt. Kare gold-silver property in Papua New Guinea.The financing consists of 8 million units pri…
Anglogold eyes property in Red Lake gold camp
A letter-of-intent agreement paves the way for Anglogold (AU-N) to earn from Rubicon Minerals (RMX-V) a majority interest in more than 20,000 ha in the Red Lake mining camp of northern Ontario.To earn…
REGULAR DEPARTMENTS (February 14, 2000)
Careers12-13Classified19Commentary4Editorial4Investment Commentary6Letters to the Editor5Metal Prices10Metals Commentary10Obituary5Odds ‘N’ Sods4People5Professional Directory15-17Stock Tab…
CDNX index soars past 3,000 mark
The Canadian Venture Exchange broke the 3,000 mark and continued its upward momentum over the week ended Feb. 8, rocketing 248.97 points, or 8.5%, to close at 3,166.88.Ateba Mines jumped 7 to close a…
Ruling could close Newmont gold mine
A district court in Indonesia has issued a judgment that could result in the temporary closure of the Minahasa gold mine, 80%-owned by Newmont Mining (NEM-N).The company says the ruling is highly irre…
Gold weakens in turbulent market
After a steep drop and a strong rise, the Dow Jones industrial average finished the report period ended Feb. 1 almost unchanged, up only 11.16 points, or 0.1%, in anticipation of an interest rate hike…
Development slows in Latin America
In 1999, companies with significant exploration programs budgeted a total of $126.6 million on advanced Latin American gold projects — 32% less than in the previous year.Gold resources under developm…
Partners continue work
Australian junior Cratonic has now earned a 51% interest from Consolidated Trillion Resources (TLQ-T) and Nickelodeon Minerals (NKM-V) in the Nguble diamond exploration project in Zimbabwe.R…
Platinum and palladium flirt with US$500-per-oz. level
Platinum and palladium took centre-stage during the Jan. 26-Feb. 1 report period, owing to uncertainty surrounding export quotas for the Noril’sk complex in Siberia that had yet to be signed by Russia…
Champion’s Farim project takes shape
Champion Resources (CHL-V) has received encouraging results from 17 core holes drilled at its Farim phosphate project in Guinea-Bissau, the West African country sandwiched between Senegal and Guinea.T…
Cambior intersects Seogui gold
A first phase of drilling at the Seogui gold project in Guinea has returned heartening results for Cambior (CBJ-T).The 200-sq.-km property is 75 km southeast of the country’s only producing gold mine …