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…
Barrick Gold Corporation
Latest UK auction drives brief gold rally
During the March 15-21 report period, attention in the gold market was directed toward the Bank of England’s latest gold auction, held on March 21.The bank sold 25 tonnes (803,600 oz.) for US$285.25 p…
MM2000 highlights industry successes and challenges
Mining Millennium 2000 was every bit the grand convention and trade show that its organizers — the Prospectors & Developers Association of Canada (PDAC) and the Canadian Institute of Mining, Metallur…
CDNX feeds on high-tech, biotech sectors
Propelled by the speculative frenzy in the high-tech and biotech sectors, the Canadian Venture Exchange gained 150.66 points, or 3.6%, over the report period ended March 14 to close at 4,375.45. The m…
Golds, base metals carry Toronto exchange lower
The Toronto Stock Exchange 300 index slipped 31.65 points during the March 8-14 report period to end the week at 9,393.83.With gold taking another tumble, the TSE’s gold and precious metals sub-index …
Vicuna target shows promise for Tenke
A trenching program designed to test encouraging gold-in-soil geochemistry anomalies has resulted in the discovery of low-grade gold mineralization on the Vicuna gold property in Argentina. The discov…
Homestake boostsVeladero resource
Ongoing drilling by Homestake Mining (HM-N) on its 60%-owned Veladero property in northwestern Argentina has increased the gold resource by 39% to 7.8 million contained ounces.The increased resource i…
Lakota nails down properties
While larger rivals are concentrating on bringing advanced projects to production, junior Lakota Resources (LAKO-C) has assembled a large land package for early-stage exploration in the Lake Victoria …
Majors hot for Ashanti’s stake in Geita project
Ashanti Goldfields’ (ASL-N) fire sale of a 50% joint-venture interest in its promising Geita mine project in the Lake Victoria Goldfields of northwestern Tanzania has attracted the attention of a half…
Tenke Mining sets sights on Argentina
Following in the footsteps of its earlier successes in Argentina, the Lundin group, through Tenke Mining (TNK-T), is stepping up exploration of the Vicuna project.Situated in San Juan province, along …
Sulliden finds new targets in Peru
Since an initial 10-hole drill program has failed to replicate promising surface results from the La Rubia and Boliche structures, Sulliden Exploration (SUE-M) is shifting its focus to a silicified ri…
Trenton girl wins PDAC essay contest
A grade-seven student from Trenton, Ont., has been named Junior Miner of Ontario for 1999 following an essay competition sponsored by the Prospectors & Developers Association of Canada (PDAC).For her …