Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
News
Silver fabrication demand up in 2000
Demand for products made with silver grew by more than 5% in 2000, according to a survey compiled by London-based Gold Fields Mineral Services and published by the Silver Institute in Washington, D.C….
SouthernEra reduces debt with share issue
The international arm of Rand Merchant Bank has agreed to convert another US$2 million of debt owed by SouthernEra Resources (SUF-T) into shares.RMB International (Dublin) is to receive 1.5 million sh…
More gold at Intidougou
Drilling by Orezone Resources (ORZ-T) and its Australian partner, Delta Gold, has intersected more near-surface gold at the Intidougou project in Burkina Faso.The partners sank 15 reverse-circulation…
Gold rally fades
Denver — The Dow Jones industrial average sunk 218.10 points, or 1.9%, to 11,039.14 during the report period May 23-29.Fears of Russian gold sales brought the yellow metal rally to an abrupt halt, wi…
MOST ACTIVE ISSUES, MAY 23-29
ExchgVol(000s)HighLowCloseChangeDenison MinesT155400.240.190.20-0.02…
GREATEST VALUE TRADED, MAY 23-29
ExchgVal($000s)HighLowCloseChangeAlcoa*N49398844.0042.3943.46-0.14…
Golden Star acquires Prestea concession
Denver-based Golden Star Resources (GSC-T) has reached an agreement with Ghana’s Prestea Gold Resources (PGR), a worker-owned company, to acquire its namesake concession.Control of the Prestea deposit…
Positive prefeasibility at Kisladag
Vancouver — Junior Eldorado Gold (ELD-V) has tabled a positive prefeasibility study for its wholly owned Kisladag project in western Turkey.The study proposes a 3.4-million-tonne-per-year operation t…
NAME CHANGES (June 04, 2001)
Quinto Mining (QU-V) has changed its name to Quinto Technology (QU-V) on a 1-new-for-1-old-share basis.Wamco Resources (WAM-V) has changed its name to Wamco Technology Group…
Crew advances Nalunaq project
Having confirmed the high-grade nature of its 67%-owned Nalunaq gold project in South Greenland, Crew Development (CRU-T) is proceeding with a $28.7-million private placement in order to finance furth…
Friedland back at Bakyrchik mine
Not for nothing has the huge Bakyrchik gold mine in northeastern Kazakstan been called “the money-pit of the steppes.” The Russians, the Australians, and then a North American company all tried to mak…