Romios hits high grade in Nevada
Drilling by Romios Gold Resources (RGRI-C) has intersected high-grade mineralization at the Scossa property, 6 miles from the producing Rosebud gold mine in Nevada’s Pershing Cty.To date, seven holes …
2000
Mazarin’s Lac Knife poised to become New Economy mine
If Jacques Bonneau has his way, Mazarin Mining (MAZ-T) will join the highly touted New Economy without leaving the mining business. The Quebec-based company recently unveiled plans to provide graphite…
Russian diamond sector makes headway
Diamond giant DeBeers Consolidated Mines has submitted a proposal for a feasibility study for what could become the world’s largest diamond mine.The Lomonosov project, in the Arkangel’sk region of nor…
Aur buys stake in Quebrada Blanca mine
Cominco (CLT-T) and Teck (TEK-T) have reached an agreement with Aur Resources (AUR-T) for the sale for their combined 76.5% interest in the Quebrada Blanca copper mine in northern Chile.Comi…
Breakwater grows again with acquisition of mines Investment Commentary
What a difference a decade makes. Breakwater Resources (BWR-T) didn’t have an easy time breaking into the zinc business during its first attempt in the late 1980s. Now it’s winning accolades from mini…
Rio Algom polishes performance
Rising copper output and lower costs resulted in a strong first quarter for Rio Algom (ROM-T).For the first three months of 2000, the Toronto-based company posted net earnings of $15 million (or 16 p…
Gold Funds (May 01, 2000)
Gold Funds as of April 20, 2000Dynamic MutualCentral FundNet Value$12.61$5.57Price$8.
Merger pays off for Phelps Dodge
Phoenix, Ariz.-based Phelps Dodge (PD-N) attributes its first-quarter savings of US$30 million to the acquisition of Cyprus Amax Minerals late last year.Increased purchasing power enabled Phelps Dodge…
Sinking gold drags down majors
Gold’s anemic response to technology stocks’ wild fluctuations only got worse during the April 19-25 report period, with the yellow metal sinking US$3.70 to hit a London morning fix of US$277.70 per o…
Gold weakens on Dow’s rebound
The Dow Jones industrial average climbed 357.40 points, or 3.3%, during the report period ended April 25 to close at 11,124.82. The gain came on the heels of a strong rally with the Nasdaq, which did …
Partners form JV with Rio Tinto
Two Canadian juniors, Semafo (SMF-T) and Afcan Mining (AFK-M), have formed a joint venture with London-based Rio Tinto (RTP-N) to explore the Mont Kakoulima massive sulphide property in Guinea.
Junior market still tender following correction
Still volatile after the recent high-tech meltdown, the Canadian Venture Exchange dropped 87.51 points, or 2.4%, to close at 3,562.79 during the holiday-shortened period ended April 25. The mining ind…