Red Lake reopening nears
Underground sampling at the developing Red Lake gold mine in northwestern Ontario is confirming earlier drill results, reports Goldcorp (G-T).The efforts have been focused in one of several lenses tha…
News
Spot Prices Wed. April 12, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$280.25-$2.85Silver$ 5.10-$0.01…
More juniors join search for platinum group metals
Economically interesting deposits of platinum group metals (PGMs) are few and far between on planet earth, with more than 90% of the world’s supply coming from only three mining camps: Bushveld in Sou…
Handy & Harman seeks protection after millions in gold disappears
U.S. precious metals refiner Handy & Harman has been forced to seek bankruptcy protection in federal court following the disappearance of US$12.5 million of gold from a vault in Peru.According to cour…
McWatters arranges loan
Val d’Or, Que.-based gold producer McWatters Mining (MCW-T) has tentatively arranged a US$10-million, 4-year loan from Standard Bank London and Canada’s National Bank.McWatters says the loan, expected…
MOST ACTIVE ISSUES, April 5-11
Volume(000s)HighLowCloseChangeWilliam Res…
Exchange Rates (April 17, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApr. 11Apr. 10Apr. 7Apr. 6Apr. 5…
Intrepid confirms grades
A twin hole drilled by Intrepid Minerals (IAU-V) has confirmed bonanza silver grades previously encountered at the Cerro Coloado III discovery in western El Salvador.The diamond drill hole returned 53…
Less is more
Gold and stock prices of producing gold companies continue to hover near or below historic lows. The exploration industry and associated service sector are hurting in mining towns across Canada. Opera…
Dow Jones edges higher
The Dow Jones industrial average climbed 122.24 points, or 1.1%, during the report period ended April 11 to close at 11,287.08, as investors continued fleeing high-tech stocks on the Nasdaq.Spot gold …
Broad market rebounds but resource stocks mixed
Recouping over a quarter of the loss reported for the previous period, the Toronto Stock Exchange 300 index climbed 216.19 points between April 5 and April 11 to end the week at 9,358.03, or 2% higher…
Metal Prices (April 17, 2000)
DateApr. 11Apr. 10Apr. 7Apr. 6Apr. 5BASE METALS (London Metal Exchange–Midday official cash/3-month prices, US$ per tonne)…