EXCHANGE RATES (May 29, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 23May 22May 19May 18May 17…
News
Eldorado keen on advancing Kisladag
With its site selection permit approved and government support secured, Eldorado Gold (ELD-T) is accelerating its development of the Kisladag porphyry gold deposit, 40 km southwest of this town in wes…
Boliden base metal camp proves its durability
The company that sprung from the Fagelmyren swamp near the Skellefte River in 1924 still mines base metals in the camp that grew around its first ore deposit.Five mines are operated by Boliden (BOL-T)…
Despinassy drilling suggests long shear zone
Winter drilling at the Despinassy property, 80 km northeast of Val d’Or, Que., suggests the presence of a large deformation corridor with multiple zones of mineralization.A 24-hole, 8,700-metre drill …
Demand strong for most base metals
Rallies in aluminum, nickel, zinc and copper took base metal prices back to the top of their recent trading ranges during the report period May 15-19.Although prices fell back during the latter part o…
Quiruvilca drives Pan American in first quarter
Higher production at its Quiruvilca silver mine in northern Peru combined with lower exploration expenditures enabled Pan American Silver (PAA-T) to reduce the size of its net loss in the first quarte…
Spot Prices Wed. May 24, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$273.90-$0.95Silver$ 4.98-$0.06…
NEWS ROUNDUP (May 29, 2000)
Globex Mining Enterprises (GMX-T) has acquired a 100% interest in a nickel-platinum group metals property in La Motte Twp., 20 km north of Malartic, Que.The property includes the Bilson-Cubric nickel …
GREATEST VALUE TRADED, May 17-23
ExchgVal($000s)HighLowCloseChangeAlcoa*N 477402 66.31 61.88 61.94 – 5.00…
TSE INDICES (May 29, 2000)
2000May 23May 22May 19May 18May 17HighLowTSE 3008986.58Holiday9293.149549.85…
Opawica, Barrick revise Argentine deal
A 1999 agreement, under which Barrick Gold (ABX-T) was earning a 70% interest in properties held by Opawica Explorations (OPW-T) in Argentina, has been revised.As a result, Opawica is now freed from h…
Niger poised for mining growth
Niger’s emergence on the mining radar screen owes much to the efforts of Etruscan Resources (EET-T), a junior exploration company based in Dartmouth, N.S.In April, the country’s prime minister, Hama A…