Aurora Gold committed to Mt. Muro mine
Despite its previously announced decision to sell its 85% interest in the Toka Tindung project in Indonesia, Aurora Gold says it will continue to operate the Mt. Muro gold-silver mine, in the same cou…
News
Gabriel positioned for mine-making challenge: analyst
The recent appointment of Cliff Davies as chief executive officer and president of Gabriel Resources (GBU-T) bodes well for future development of the Rosia Montana gold project, says Michael Jones, a …
Cool on global warming
Since the Third Conference of the Parties in Kyoto, Japan, in December 1997, I’ve had a bee in my bonnet about global warming, and your trenchant editorial (T.N.M., April 16-22) certainly set it abuzz…
Spot Prices Wed. April 18, 2001 (April 30, 2001)
Precious MetalsPrice (US$/oz.)ChangeGold$263.95+$3.85Silver$ 4.44+$0.12Platinum$606.00-$…
Gitennes to explore Fox
Despite a less-than-successful, initial round of drilling on the Blacktop massive sulphide prospect in southern British Columbia, Gitennes Exploration (GIT-T) plans to intensify exploration at the Fox…
The Northern Miner — North American Mining Index (April 30, 2001)
72.49 (+1.43)(Sept. 30/98 = 100)…
Conquest expands portfolio
Junior Conquest Resources (YQR-V) has expanded its Zimbabwean gold portfolio by acquiring the Babs and Beehive properties.The US$1.5-million acquisition was financed by $2.6 million worth of convertib…
The Northern Miner — Small Producers Index (April 30, 2001)
47.90 (+1.34)(Sept. 30/98 = 100)…
Canadian Stock Exchange Indices (April 30, 2001)
DateApril 24 April 23April 20April 19April 18HighLowTSE 3007891.677929.808099.44…
Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
IMA aims drills at Argentine gold prospect
Vancouver — IMA Exploration (IMR-V) is advancing the Mogote copper-gold property in northwestern Argentina, following recent reconnaissance work.The 80-sq.-km property is 70 km north of the Pascua an…
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…