MEETINGS (December 20, 1999)
Dec 22 E-Minerals — annual, specialDec 22 Pickle Crow — annual, specialDec 23 Fosters — specialDec 28 Auriginor — annual, generalDec 29 Siga…
1999
Yanacocha cuts contractor
The owners of Yanacocha, South America’s largest gold mine, plan to trim costs by abandoning contract mining.The giant heap-leach operation, situated in northern Peru, is expected to produce more than…
Drilling extends Tulawaka
Partners Pangea Goldfields (PGD-T) and Northern Mining Exploration (MDN-T) are sizing up what could become Tanzania’s newest gold deposit.Recent drilling has extended the East zone to a depth of 160 m…
Vista closes Mineral Ridge mine
Having failed to meet production targets, Mineral Ridge Resources, a wholly owned subsidiary of Vista Gold (VGZ-T), intends to declare bankruptcy and shut down its namesake gold mine in southern Nevad…
MOST ACTIVE ISSUES, DEC. 8-14
Vol(000s)HighLowCloseChangeVengoldT 31190 0.44 0.20 0.30 + 0.11…
Gold Funds (December 20, 1999)
Gold Funds as of Dec. 9, 1999Dynamic MutualCentral FundNet Value$13.67$5.57Price$8.25…
Spot Prices Wed. December 15, 1999
Precious MetalsPrice (US$/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…