Dow drops as gold edges higher
The Dow Jones industrial average dropped 194.37 points, or 1.8%, during the report period ended May 9 to close at 10536.75.Spot gold on the Comex division of the New York Mercantile Exchange picked up…
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Tan Range attracts interest
Gold exploration companies are having a tough time rekindling investor interest in the current bear market. However, one company that seems to be doing just that is Tan Range Exploration (TNX-V). The …
McWatters adds ounces to new zone at Kiena
A 2-year exploration program by McWatters Mining (MCW-T) at its underground Kiena gold mine in Val d’Or, Que., has delineated significant resources in a new zone northeast of current mine workings.Act…
Glamis buys Cambior’s stake in Cerro San Pedro
Reno-based Glamis Gold (GLG-N) has purchased the Mexican assets of beleaguered Cambior (CBJ-T) for US$7 million.Through its Mexican subsidiary, Cambior controls several companies with exploration and …
Northern Miner Indices (May 15, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Boston deposit reveals bonanza grades
Infill drilling at the Hope Bay project, in the Hope Bay greenstone belt of northwestern Nunavut, indicates that the Boston gold deposit is richer than previously thought.Partners Miramar Mining (MAE-…
Southern Rio funds work
Junior Southern Rio Resources (SNZ-V) has arranged a $338,000 private placement financing for a total of 2.25 million shares priced at 15 each.Proceeds will be used to acquire copper properties in Ch…
Chaos in Sierra Leone
If there’s a hell on earth, it must be Sierra Leone. What could be more horrific than rebel army leaders ordering child-soldiers to murder unarmed civilians, including family members? And what could b…
Baie-Comeau site of conference
Prospectors, geologists and other interested parties will meet from June 2 to 4 in Baie-Comeau, Que., to discuss exploration on the province’s North Shore.It will be the third such summit, which is he…
International Wayside cuts lower grades at Cariboo
Junior International Wayside Gold Mines (IWA-V) is disappointed by drill results from its Cariboo gold property in north-central British Columbia.Drill holes 9 and 14 cut broad intervals of lower-grad…
Gold Fields improves earnings
South African-based Gold Fields (GOLD-Q) increased its earnings in the first quarter despite a 3% drop in the price of gold over the past three months.The company turned a profit of US$36.9 million (o…
Four missing at Grasberg mine
An accident at the Grasberg open-pit copper-gold mine in Irian Jaya, Indonesia, has left four people missing.Louisiana-based Freeport-McMoRan Copper & Gold, through its operating unit, P.T. Freeport I…