U.S. MARKETS — Dow follows gold’s decline
The Dow Jones Industrial average was down over the April 22-28 report period, closing at 8,898.96 on fears of higher interest rates in the bond market. The Dow slipped 285.98 points (or 3.1%), includi…
News
Anmercosa tests targets
Anmercosa Exploration, a subsidiary of South African-based Anglo American, has defined five gold exploration targets in Tanzania from a database provided by joint-venture partner Serengeti Diamonds (S…
FACTS ‘N’ FIGURES — Indian silver demand not down
Over the past eight months, the silver market has been awash with rumors that Indian silver demand has declined sharply in the face of higher prices.According to CPM Group’s recently released white pa…
MINING IN CANADA — Norcal and Gold Giant assess results at Norgiant — Partners encouraged by high-grade float at Aurville project
Operator Norcal Resources (NLR-V) and equal joint-venture partner Gold Giant Minerals (GNR-V) have completed their first phase of exploration drilling at the Norgiant project, situated 150 km northeas…
NEWS MINES ROUNDUP — Tulsequah Chief clears permitting hurdle
The Tulsequah Chief polymetallic mine in northwestern British Columbia was given a new lease on life earlier this year when the provincial government officially approved a proposal to reopen the forme…
MINING IN CANADA — Virginia Gold Mines drilling at La Grande Sud
Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…
Rift reports African intersections
Encouraging results are reported from the first phase of exploration at the Silobela gold property in central Zimbabwe.Toronto-based Rift Resources (RIF-V), which is earning a half-interest in the pro…
Scintrex urges rejection of takeover bid
In an attempt to keep shareholders on side and thwart a hostile takeover bid, exploration instrument firm Scintrex has increased the value of its shares above a proposed buyout price by tacking on a s…
MINING MARKETS AND INVESTMENT NEWS — Analysts watch Abacus in Argentina
Russ Cranswick, analyst with Research Capital, is keeping a close eye on the activities of Abacus Minerals (AMC-V) at La Manchuria, a gold-silver property in Argentina’s Santa Cruz province.The curren…
MINING IN CANADA — Hemisphere tests for Territorial treasures
Equal partners Hemisphere Development (HSD-V) and Aber Resources (ABZ-T) report that a new phase of drilling has begun on the Sunrise Lake volcanogenic massive sulphide deposit 70 miles northeast of Y…
MOST ACTIVE ISSUES, April 22-25
ExchgVol(000’s)Close.ZSBarrick GoldT931632.70Placer DomeT…
GREATEST VALUE TRADED, April 22-25
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT310…