Partners unveil reserves at Veladero
Homestake Mining (HM-N) and Barrick Gold (ABX-T) have announced reserves of 4.8 million oz. gold and 65.7 million oz. silver at their 60-40-held Veladero property in northwestern Argentina.The propert…
News
Highwood Resources spins off Thor Lake subsidiary
Highwood Resources (HWD-T) intends to establish a wholly owned specialty materials business named Rare Metal Alloys, which will concentrate on commercial development of the Thor Lake beryllium project…
Resource stocks fail to ride broad market wave
The March 22-28 report period proved to be a volatile one, with the Toronto Stock Exchange 300 index passing the 10,000 mark for the first time ever on March 23 — only to slip to 9,922.85 by the week…
Exchange Rates (April 03, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 28Mar. 27Mar. 24Mar. 23Mar. 22…
Vista continues string of losses
Vista Gold (VGZ-T) had yet another losing year in 1999, due to US$16.2 million in writedowns and lower-than-expected gold production.The company lost US$27.7 million (or 31 per share) on revenue of U…
Correction (April 03, 2000)
A report in our Feb. 28-March 5 issue implied that Trans Hex International (THI-T) will fund its 2001-fiscal-year exploration programs at the Barra Grande and Northbank diamond properties in Brazil an…
Freewest eyes Bulldozer
Junior Freewest Resources (FWR-M) will explore a new polymetallic showing at the Bulldozer property in northwestern Ontario.The Montreal-based company can earn a half-interest in the property from a p…
Smelter at Voisey’s in best interests of Inco, Nfld
Your editorial of March 20, “Tobin vs. Schulich,” causes me to write my first-ever letter to the editor of a mining publication. While the editorial position of The Northern Miner on any issue involvi…
Millennium campaign adds sparkle to De Beers Investment Commentary
Those who didn’t get a “Millennium diamond” as a New Year’s present shouldn’t sigh, moan or cast scornful looks at their absent-minded lovers. The “Millennium” marketing campaign of De Beers Consolida…
LME WHSE LEVELS (April 03, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 28/99 (change from Mar. 21 in brackets):Metal Stock(tonnes) Change…
Spot Prices (April 03, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$279.10-$10.30Silver$ 5.05-$0.09…
CDNX loses ground in wobbly week
Canada’s junior exchange lost ground during the report period ended March 28, posting a loss of 27.85 points, or 0.6%, to finish the week at 4,377.04. The mining index followed suit, dropping 44.67 po…