Gold Funds (December 20, 1999)
Gold Funds as of Dec. 9, 1999Dynamic MutualCentral FundNet Value$13.67$5.57Price$8.25…
News
Spot Prices Wed. December 15, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$279.85-$3.45Silver$ 5.19+$0.05…
Exchange Rates (December 20, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8…
Manhattan resumes drilling at Tambo Grande
Manhattan Minerals (MAN-T) has launched a 50,000-metre drill program at its 75%-optioned Tambo Grande polymetallic project in northwestern Peru.Two rigs will attempt to expand the existing gold deposi…
Kennady Lake kimberlite rises in value
A revised model of the 5034 kimberlite at Kennady Lake in the Northwest Territories has increased the value of the pipe’s stones.Based on results from this year’s bulk-sampling of 5034, together with …
Roads point way to Quebec’s riches
The discovery of a number of gold and base metal showings in northwestern Quebec is prompting explorers to call on the provincial government to build more roads throughout the region. Juniors and pros…
Cambior to repay bill by June
In a deal struck with its lenders and hedge providers, Cambior (CBJ-T) will repay US$75 million of its US$212-million loan obligations by June 30, 2000.This interim payment is part of a preliminary ag…
Seahawk pulls emeralds from core
Infill drilling by Seahawk Minerals (SKM-V) has returned two large stones, each weighing 75 carats, from the Piteiras emerald property in Brazil.The company intercepted the walnut-sized stones in a 2….
Grasberg mine transforms Irian Jaya
Vancouver — There is no denying the impact the Grasberg operations have on the East Indonesian province of Irian Jaya. Operated by Freeport-McMoRan Copper & Gold (FCX-N) through its 85.87% ownership …
Blackstone drops Rimfire’s Falcon option
Vancouver — Lack of exploration funds has forced Blackstone Resources (BZZ) to cancel its option on the Falcon gold property, held by Rimfire Minerals (RFM-V), in Alaska. The property is 40 km southe…
Omolon repays debt financing
The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…
Rough ride for gold
Denver — Fallout from the Bank of England’s gold auction, combined with a decision by the Dutch government to sell 300 tonnes of gold, sent the market on a roller-coaster ride for the report period e…