FEBRUARY, 2000

UNITED STATES

ALASKA

Teck Corp. announced that based on recent drill results at the Pogo Project, total resources now aggregate 10,670,000 tons @ 0.527 opt Au. (was 9,980,000 tons @ 0.52 opt Au) Press Release: February 3

Anglogold Ltd. announced that it acquired an option to earn a 60% interest in the Gobi, Mojave and Sahara properties of Blue Desert Mining Inc. for $2,250,000 in exploration expenditures. M.J.: February 4

Luminex Ventures Inc. announced that it acquired an option to earn a 50% interest in the Ladue Property from Achieva Development Corp. for $2,000 cash, 100,000 shares and $50,000 in exploration expenditures over 2 years. G.C.N.L.: No. 39

ARIZONA

Phelps Dodge Corp. announced that the Metcalf concentrator will now be permanently closed resulting in a write-down of its carrying value by $88,000,000. (reserves @ Morenci = 543,300,000 tons @ 0.68% Cu-mill) M.J.: January 28

Cominco Ltd. announced that it terminated its interest in the Jerome Project of Phelps Dodge Corp. (reserves = 18,800,000 tons @ 1.4% Cu, 6.0% Zn, 0.044 opt Au, 1.16 opt Ag) G.C.N.L.: No. 23

Cambior Inc. announced that its Board of Directors determined that the recent Aur Resources Inc. takeover-offer is deficient in several material respects and therefore it advises its shareholders not to tender their shares. (reserves @ Carlota = 105,440,000 tons @ 0.44% Cu proven+probable) M.B.D.: February, 2000

The Government announced that by using the 1906 Antiquities Act, President Clinton created the Grand Canyon Parashant National Monument (1,014,000 acres on the Grand Canyon north rim) and the Agua Fria National Monument (71,000 acres north of Phoenix) by signing a proclamation. Mining Engineering: February, 2000

CALIFORNIA

Canyon Resources Corp. announced that it received various permits from the Bureau of Land Management and Inyo County to now allow it to mine the North Briggs and Goldtooth deposits at the Briggs Mine. (reserves @ North Briggs = 2,871,000 tons @ 0.053 opt Au; @ Goldtooth = 2,584,700 tons @ 0.036 opt Au; @ Briggs = 21,760,000 tons @ 0.030 opt Au) M.R.: January, 2000

Newmont Mining Corp. announced that proven+probable reserves at the Mesquite Mine now aggregate 500,000 ounces of gold (no grade announced. (was 29,041,000 tons @ 0.021 opt Au proven+probable or 610,000 ounces of gold) M.J. Mining Review: 1999

NEVADA

Franco-Nevada Mining Corp. Ltd. announced that due to lower head grades and unexpected dilution of production from the Colorado Grande Vein, projected cash operating costs for the Ken Snyder Mine have been revised upward to $100.00/ounce of gold equivalent (was $80.00/ounce). Proven+probable reserves were also revised to 3,000,000 tons @ 0.816 opt Au, 9.835 opt Ag and total resources revised to 4,800,000 tons @ 1.33 opt Au equivalent. (was 2,730,000 tons @ 1.12 opt Au, 12.82 opt Ag proven+probable) N.M.: February 7

Newmont Mining Corp. announced that reserves at the Deep Post Deposit now aggregate 4,347,800 tons @ 0.69 opt Au proven+probable. (was 3,000,000 tons @ 0.77 opt Au proven+probable) 1999 Annual Report

Newmont Mining Corp. announced that reserves at the Gold Quarry Mine now aggregate 83,330,000 tons @ 0.060 opt Au proven+probable. (was 102,638,000 tons @ 0.057 opt Au proven+probable) 1999 Annual Report

Newmont Mining Corp. announced that 44,770,000 tons @ 0.067 opt Au are now being process at the Biomill Project at its Carlin Operations. 1999 Annual Report

Royal Gold Inc. announced that total resources at the Pipeline Complex as of July 1, 1999 were 173,000,000 tons @ 0.048 opt Au of which South Pipeline aggregates 122,000,000 tons @ 0.037 opt Au. (was 180,166,000 tons @ 0.050 opt Au proven+probable at Pipeline Complex) Press Release: February 8

Royal Gold Inc. announced that it withdrew from the Royal High Desert exploration venture with High Desert Mineral Resources Inc. Press Release: February 8

Placer Dome Inc. announced that it laid-off 101 workers at its Getchell Project (leaving 215 workers) which include underground miners, mill workers and surface maintenance people. (reserves @ Getchell = 5,119,000 tons @ 0.309 opt Au) Reno Gazette-Journal: February 24

Placer Dome Inc. announced that it will terminate all underground development activities at the Getchell Project ending its contract with Redpath resulting in the further lay-off of 65 workers. It also said that it presently has 33 drills working at the property. (reserves @ Getchell = 5,119,000 tons @ 0.309 opt Au) Reno Gazette-Journal: February 24

Dayton Mining Corp. announced that it acquired an option to earn a 49% interest in the Denton-Rawhide Mine from Kinross Gold Corp. for 144,710,000 shares or a total value of $15,900,000. (reserves = 22,500,000 tons @ 0.020 opt Au, 0.28 opt Ag) M.B.D.: February, 2000

NEW MEXICO

Phelps Dodge Corp. announced that it recorded a $201,500,000 write-down of its investment in the Hidalgo Smelter. M.J.: January 28

NEW YORK

Concerns over Russian supplies of palladium as well as strong demand for the metal have pushed its price to $480.00/ounce. M.J.: January 28

Palladium prices rose $115.55/ounce to $816.80/ounce on February 22 due to uncertainty over the supply of exports from Russia. W.S.J.: February 23

OREGON

Seabridge Resources Inc. announced that it acquired an option to earn a 100% interest in the Grassy Mountain Property from Atlas Corp. for $350,000 cash over 1.5 years and an ending price of $250,000 cash, $750,000 in shares and a note for $700,000. (reserves = 1,310,000 tons @ 0.35 opt Au underground) G.C.N.L.: No. 35

SOUTH DAKOTA

Goldcorp Inc. announced that proven+probable reserves at the Wharf Mine now aggregate 28,600,000 tons @ 0.032 opt Au. (was 19,300,000 tons @ 0.029 opt Au) N.M.: January 24

WASHINGTON

Battle Mountain Gold Co.(54%) announced that it wrote-off its interest in the Crown Jewel Project by $109,400,000 due to an unfavorable ruling recently by the State Pollution Control Hearings Board. (reserves = 9,100,000 tons @ 0.182 opt Au) W.S.J.: February 7

WASHINGTON D.C.

The Government announced that President Clinton signed the 2000 Budget which contains a provision that limits to 5 acres of millsite claims per 1-20 acre mining claim on federal lands although operations which submitted Plans of Operations prior to November, 1997 will be exempted. Mining Engineering: February, 2000

U.S. Enrichment Corp. announced that it will reduce its workforce by 850 people (20%) in response to the declining uranium market. M.B.D.: February, 2000

CANADA

BRITISH COLUMBIA

Rio Algom Exploration Inc. announced that it acquired an option to earn a 60% interest in the Bootleg Property from Eagle Plains Resources Ltd. for $213,900 cash and $1,380,000 in exploration expenditures over 4 years. M.J.: January 28

Wheaton River Minerals Ltd. and Kit Resources Ltd. announced that their respective Board of Director’s approved their proposed merger on a 1.0 share of Wheaton/0.408 share of Kit basis. (reserves @ Golden Bear = 907,500 tons @ 0.096 opt Au @ Kodiak A; 563,000 tons @ 0.204 opt Au @ Ursa; 306,480 tons @ 0.25 opt Au @ Kodiak B; 303,600 tons @ 0.228 opt Au @ Kodiak C) G.C.N.L.: No. 18

Bull River Minerals Ltd. announced that based on recent drill results at the Bull River Mine, resources now aggregate 5,830,000 tons @ 2.25% Cu, 1.05 opt Ag, 0.352 opt Au measured+indicated although geologists from the B.C. Geological Survey sampled selected core intervals and found only 0.008 opt Au on average. N.M.: February 7

Teck Corp. announced that it recorded a $24,000,000 write-down of its portion of the Bullmoose coal assets. G.C.N.L.: No. 24

Royal Oak Ventures Inc. announced that it will assume all of the remaining assets of bankrupt Royal Oak Mines Ltd. which will then be liquidated. G.C.N.L.: No. 31

Rimfire Minerals Corp. announced that it acquired an option to earn a 100% interest in the Thorn Property from Kohima Pacific Gold Corp. for $230,000 cash, 200,000 shares and $50,000 in exploration expenditures over 5 years. G.C.N.L.: No. 32

Redhawk Resources Inc. announced that it acquired an option to earn a 100% interest in the Reeves Property near Redbird from Reeves MacDonald Mines Ltd. for $1,326,000 cash. G.C.N.L.: No. 36

Newmont Mining Corp. announced that it acquired an option to earn a 51% interest in the RDN Property from Rimfire Minerals Corp. for $95,200 cash and $2,380,000 in exploration expenditures over 4 years. G.C.N.L.: No. 37

Gold City Industries Ltd. announced that it acquired an option to earn an additional 50% interest (to then hold 100%) in the Old Nick and Domin properties from AM Technologies Ltd. for 100,000 shares. (reserves @ Old Nick = 22,440,000 tons @ 0.186% Ni, 0.01% Co) G.C.N.L.: No. 39

MANITOBA

Nuinsco Resources Ltd. announced that it acquired an option to earn a 49% interest in the Strong Lake and Moak properties at Bucko Lake from Falconbridge Ltd. for $1,725,000 in exploration expenditures over 5 years. (reserves @ Bucko Lake = 1,650,000 tons @ 2.2% Ni, 0.19% Cu) M.J.: January 28

Nuinsco Resources Ltd. announced that it acquired an option to earn a 100% interest in the Bucko Lake property from Falconbridge Ltd. for 250,000 shares and $2,070,000 in exploration expenditures over 5 years. (reserves = 1,650,000 tons @ 2.2% Ni, 0.19% Cu) Skillings: January 29

Berland Resources Ltd. and Fort Knox Gold Resources Inc. announced that they acquired an option to earn a 100% interest in the Watts River and Grassberry Lake properties from Hudson Bay Exploration and Development Co. Ltd. for $2,760,000 in exploration expenditures over 5 years. G.C.N.L.: No. 20

Inco Ltd. announced that it will invest $48,000,000 in the Birchtree Mine to increase mining capacity to 3,175 tons/day (from 1,635 tons/day). (reserves = 14,960,000 tons @ 1.79% Ni proven) M.J.: February 18

NEWFOUNDLAND

Inco Ltd. announced that it reduced its staff at the Voisey’s Bay Project to 3 people (from 23) as a result of its inability to reach agreement with the Provincial Government on development terms. (reserves @ Ovid Zone = 34,870,000 tons @ 1.68% Cu, 2.83% Ni)W.S.J.: February 22

Phelps Dodge Corp. announced that it terminated its interest in the Princess Property of Cornerstone Capital Resources Ltd. N.M.: February 14

NORTHWEST TERRITORIES

Qikiqtaaluk Corp. announced that it acquired an option to earn a 51% interest in the Pistol Lake Property from Leeward Capital Corp. for $102,000 cash and $1,360,000 in exploration expenditures over 2 years. (reserves = 500,000 tons @ 0.40 opt Au) G.C.N.L.: No. 35

Miramar Mining Ltd. announced that reserves at the Giant Mine now aggregate 228,700 tons @ 0.362 opt Au proven+probable and 45,200 tons @ 0.265 opt Au possible. (was 930,000 tons @ 0.357 opt Au proven+probable) G.C.N.L.: No. 37

Miramar Mining Ltd. announced that reserves at the Con Mine now aggregate 1,273,700 tons @ 0.342 opt Au proven+probable and 1,019,800 tons @ 0.30 opt Au possible. (was 1,370,000 tons @ 0.34 opt Au proven+probable) G.C.N.L.: No. 37

ONTARIO

Placer Dome Inc. announced that it is ending its gold hedging practices "in expectation of improving gold market sentiment and reduced producer hedging". The news lifted gold on the New York Exchange $23.10/ounce to $313.00/ounce. W.S.J.: February 7

Millstream Mines Ltd. announced that it acquired an option to earn a 100% interest in 3 claims in Munro Township from private interests for $20,700 cash, 100,000 shares and $134,500 in exploration expenditures over 3 years. G.C.N.L.: No. 19

Barrick Gold Corp. announced that it will scale back but not eliminate its gold hedging program. The news was somewhat of a disappointment and gold on the New York Exchange dropped $8.50/ounce to $304.50/ounce. W.S.J.: February 8

Goldcorp Inc. announced that based on recent drill results and underground sampling at the Red Lake Mine, the high grade zone now aggregates 1,700,000 tons @ 1.37 opt Au diluted proven+probable. (total resources were 2,702,000 tons @ 0.84 opt Au) Skillings: January 22

LMX Resources Ltd. announced that it acquired an option to earn a 100% interest in the Haines Property from private interests for $172,500 cash and 100,000 shares over 4 years and $17,250/year in advanced royalty payments. G.C.N.L.: No. 23

Anglogold Ltd. announced that it acquired an option to earn a 60% interest in the Red Lake Property from Rubicon Minerals Corp. for $3,000,000 in exploration expenditures over 5 years. M.J.: February 4

Coubran Resources Ltd. announced that it acquired an option to earn a 25% interest in the Geordie Lake Property from LEH Ventures Ltd. for $175,000 in exploration expenditures. G.C.N.L.: No. 28

Ursa Major International Inc. announced that it acquired an option to earn a 100% interest in a platinum-group property in Porter Township from private interests for $38,200 cash, 150,000 shares and $107,000 in exploration expenditures over 3 years. M.J.: February 11

Orogrande Resources Inc. announced that it acquired an option to earn a 49% interest in the Potterdoal Plunge Property from Millstream Mines Ltd. for $400,000 in funding commitments, $30,000 cash and 100,000 shares. G.C.N.L.: No. 30

East West Resource Corp. announced that it acquired an option to earn a 100% interest in the Stawson and Fire Lake properties near Atikokan from private interests for 100,000 shares over 2 years and $60,000 cash over 4 years. G.C.N.L.: No. 33

Cambior Inc. announced that its Board of Directors determined that the recent Aur Resources Inc. takeover-offer is deficient in several material respects and therefore it advises its shareholders not to tender their shares. M.B.D.: February, 2000

NovaWest Resources Inc. announced that it terminated its option on a portion of the Golden Vista Property. G.C.N.L.: No. 37

Fjordland Minerals Ltd. announced that it acquired an option to earn a 100% interest in the Kibler Property from private interests for $282,200 cash, 200,000 shares and $1,190,000 in exploration expenditures over 5 years. G.C.N.L.: No. 38

QUEBEC

Billiton Metals Canada Inc. announced that it acquired an option to earn a 50% interest in the Gayot Property from Virginia Gold Mines Inc. for $480,000 in stock purchases and $3,105,000 in exploration expenditures over 3.5 years. M.J.: January 21

Cambior Inc. announced that its Board of Directors determined that the recent Aur Resources Inc. takeover-offer is deficient in several material respects and therefore it advises its shareholders not to tender their shares. (reserves @ Doyon = 11,345,400 tons @ 0.196 opt Au proven+probable; @ Bouchard-Hebert = 8,932,000 tons @ 4.13% Zn, 0.79% Cu, 1.18 opt Ag, 0.035 opt Au proven+probable) M.B.D.: February, 2000

International Kirkland Minerals Inc. announced that it terminated its interest in the Foreurs Property in the Lac Rocher area of Dumont Nickel Corp. G.C.N.L.: No. 23

McWatters Mining Inc. announced that based on recent studies at the Sigma Mine, total resources now aggregate 31,130,000 tons @ 0.064 opt Au. (was 4,290,000 tons @ 0.097 opt Au to 180 meters + 3,520,000 tons @ 0.129 opt Au as a deeper resource) M.J.: February 4

Noranda Inc. and Falconbridge Ltd. announced that they acquired an option to earn a 50% interest in various claims in the Lac Rocher area from Cyprus Development Corp. and Abaddon Resources Inc. for undisclosed terms. G.C.N.L.: No. 29

Inmet Mining Corp. announced that based on recent studies at the Troilus Mine, reserves now aggregate 42,350,000 tons @ 0.029 opt Au, 0.10% Cu mineable at a 1.3/1.0 stripping ratio. (was 53,000,000 tons @ 0.034 opt Au, 0.12% Cu mineable at a 2.0/1.0 stripping ratio) Press Release: February 8

YUKON

Brett Resources Inc. announced that it terminated its interest in the MOR and Caribou Creek properties of Fairfield Minerals Ltd. G.C.N.L.: No. 33

United Keno Hill Mines Ltd. announced that it applied to the Superior Court of Ontario for protection under the Companies’ Creditors Arrangement Act (bankruptcy). (reserves @ Elsa = 428,500 tons @ 34.1 opt Ag, 7.86% Pb, 5.27% Zn) M.B.D.: February, 2000

MEXICO

CHIHUAHUA

Penoles announced that proven+probable reserves at the Bismark Mine now aggregate 5,720,000 tons @ 6.7% Zn, 0.42% Pb, 0.39% Cu, 1.17 opt Ag. (was 3,753,500 tons @ 8.67% Zn, 0.14% Pb, 0.57% Cu, 1.3 opt Ag) Mining Magazine: January, 2000

JALISCO

Ecstall Mining Corp. announced that it acquired an option to earn a 100% interest in the Amaltea Property from Cominco Ltd. for 150,000 shares, $10,000/year in rentals and $517,500 in cash when commercial production is achieved. (reserves @ Cuatro Minas = 550,000 tons @ 7.0% Pb+Zn, 2.0 opt Ag) G.C.N.L.: No. 22

QUERETARO

Penoles announced that proven+probable reserves at the La Negra Mine now aggregate 1,870,000 tons @ 4.66 opt Ag, 1.97% Zn, 1.25% Pb. (was 1,190,000 tons @ 4.2 opt Ag, 0.42% Cu, 2.05% Zn, 1.1% Pb) Mining Magazine: January, 2000

SINALOA

Queenstake Resources Ltd. announced that based on a recently completed pre-feasibility study by Pincock, Allen and Holt for the Magistral Project, resources now aggregate 2,750,000 tons @ 0.049 opt Au measured+indicated in the San Rafael Zone; 5,060,000 tons @ 0.049 opt Au measured+indicated in the Samaniego Hill Zone and 3,740,000 tons @ 0.031 opt Au measured+indicated in the Corazon-Lupita Zone. (was 7,700,000 tons @ 0.041 opt Au measured + 2,600,000 tons @ 0.039 opt Au indicated) N.M.: February 7

Gold-Ore Resources Ltd. announced that it acquired an option to earn a 100% interest in the San Marcial Property from Minera Holmex SA de CV for $630,000 cash and $600,000 in exploration expenditures over 4 years. G.C.N.L.: No. 39

SONORA

Geomaque Explorations Ltd. announced that it now has received all the necessary permits to begin mining the La Chicharra deposit, located 1.5 km west of the San Francisco Mine. (reserves @ La Chicharra = 1,760,000 tons @ 0.034 opt Au; @ San Francisco = 20,570,000 tons @ 0.020 opt Au proven+probable) G.C.N.L.: No. 25

ZACATECAS

Penoles announced that proven+probable reserves at the Sabinas Mine now aggregate 1,760,000 tons @ 5.13 opt Ag, 3.0% Pb, 2.8% Zn. (was 6,577,500 tons @ 3.9 opt Ag, 0.5% Cu, 1.65% Pb, 3.39% Zn) Mining Magazine: January, 2000

CENTRAL AMERICA

EL SALVADOR

Brett Resources Inc. announced that it was granted the El Potosi exploration license by the Government. (resources = 14,300 tons @ 0.571 opt Au) G.C.N.L.: No. 31

Dayton Mining Corp. announced that it offered to acquire Mirage Resources Corp. through a share exchange on a 1.0share Mirage/0.667 share of Dayton basis or a total value of $4,600,000. (reserves @ El Dorado = 1,303,000 tons @ 0.30 opt Au, 2.07 opt Ag at El Dorado vein; 1,764,000 tons @ 0.087 opt Au, 0.56 opt Ag at Nueva Esperanza vein; 2,143,000 tons @ 0.194 opt Au, 1.51 opt Ag at La Coyatera vein) M.B.D.: February, 2000

GUATEMALA

Glamis Gold Ltd. announced that based on recent drill results, the Cerro Blanco Project now contains a geologic resource estimate of 92,857,000 tons @ 0.028 opt Au. (no previous estimate) G.C.N.L.: No. 35

HONDURAS

Billiton Plc announced that it acquired an option to earn a 51% interest in the El Triunfo Property from Maya Gold Ltd. for $517,500 in share purchases and $1,552,500 in exploration expenditures over 3 years. G.C.N.L.: No. 21

Geomaque Explorations Ltd. announced that all construction activities at the Vueltas del Rio Project have been temporarily suspended due to the present low gold price. (reserves = 10,642,000 tons @ 0.047 opt Au measured+indicated) G.C.N.L.: No. 25

CARIBBEAN

CUBA

WMC Ltd. announced that it withdrew from the Pinares laterite nickel project with the Government. (reserves = 220,000,000 tons @ 1.0% Ni, 0.10% Co) M.J.: February 11

SOUTH AMERICA

ARGENTINA

Sunshine Mining and Refining Co. announced that it may consider the sale of its Pirquitas Project due to the lack of development funds. (reserves = 23,870,000 tons @ 4.86 opt Ag, 0.33% Sn, 0.57% Zn) M.J.: January 21

Sunshine Mining and Refining Co. announced that it acquired an option to earn a 60% interest in the Aguas Calientes Property from Mansfield Minerals Inc. for $1,200,000 cash and $2,500,000 in exploration expenditures over 4 years. G.C.N.L.: No. 34

Orko Gold Corp. announced that it terminated its interest in the Valle del Cura properties of TNR Resources Ltd. G.C.N.L.: No. 23

Barrick Gold Corp. announced that it acquired an option to earn a 60% interest in the La Ortiga, El Fierro, Valle del Cura, Las Carachas, La Brea Ranchillos, Rio Blanco, Pena Negra and Cato 23 properties from TNR Resources Ltd. by purchasing 2,000,000 TNR shares at $552,000, $965,500 in exploration expenditures at the La Ortiga property and $965,500 in exploration expenditures over 2 years on any of the other properties. M.J.: February 4

Barrick Gold Corp.(20%) announced that based on recent drill results at the Manantial Espejo Property, total resources now aggregate 8,690,000 tons @ 0.084 opt Au, 5.6 opt Ag. (was 3,300,000 tons @ 0.152 opt Au, 7.2 opt Ag) M.J.: 1999 Annual Review

Anglogold Ltd. announced that reserves at the Cerro Vanguardia Mine now aggregate 9,900,000 tons @ 0.284 opt Au, 3.31 opt Ag proven+probable. (was 10,010,000 tons @ 0.281 opt Au, 3.35 opt Ag proven+probable) M.J.: 1999 Annual Review

BOLIVIA

Allied Deals Plc announced that it acquired an option to purchase a 100% interest in the Vinto Smelter and the Huanuni Property from Corporacion Minera de Bolivia (Comibol) for $15,250,000 cash and $11,750,000 in investment expenditures. M.J.: January 21

International Chalice Resources Inc. announced that it acquired an option to earn a 35% interest in the Sora Sora Property from Samex Mining Corp. for $17,250 cash, 100,000 shares and $200,000 in exploration expenditures over 6 months. G.C.N.L.: No. 24

Vista Gold Corp. announced that it is selling its Capa Circa Mine to a company owned by the former workers of the project for $300,000 and the assumption of its debt. (resource = 35,420,000 tons @ 0.034 opt Au) M.R.L.: January, 2000

BRAZIL

Phelps Dodge Corp.(50%) and CVRD(50%) announced that based on 121 drill holes, the Sossego Project now aggregates a reserve estimate of 240,900,000 tons @ 1.14% Cu, 0.010 opt Au. (was a resource of 385,000,000 tons @ 1.0% Cu) M.B.D.: February, 2000

Rockwell Ventures Inc. announced that it acquired an option to earn a 60% interest in the Pedra Branca Property from Altoro Gold Corp. for $40,000 cash, 500,000 shares and $7,000,000 in exploration expenditures over 4 years. G.C.N.L.: No. 39

CHILE

Codelco announced that the Esmeralda development project at the El Teniente Division including a 203,000 tons/year sulfuric acid plant was commissioned. (reserves = 424,000,000 tons @ 0.96% Cu) M.J.: January 21

Placer Dome Inc.(51%), Bema Gold Corp.(24%) and Arizona Star Resources Corp.(25%) announced that based on a recently completed feasibility study for the Cerro Casale/Aldebaran Property, total resources now aggregate 1,412,400,000 tons @ 0.020 opt Au, 0.27% Cu of which 1,130,500,000 tons @ 0.020 opt Au, 0.26% Cu are proven+probable reserves. (was 1,320,000,000 tons @ 0.26% Cu, 0.021 opt Au measured+indicated+inferred) G.C.N.L.: No. 29

Coeur d’Alene Mines Corp. announced that it will invest $2,700,000 to develop the Furioso Project located 50 miles southwest of the Fachinal Mine. (reserves @ Furioso = 42,000 tons @ 0.80 opt Au equivalent) Skillings: January 15

Coeur d’Alene Mines Corp. announced that based on recent exploration success, 76,000 ounces of gold equivalent resources were added to the Petorca (El Bronce) Mine. (was 863,600 tons @ 0.22 opt Au, 0.50 opt Ag) M.J.: January 21

Coeur d’Alene Mines Corp. announced that based on recent exploration success, 116,000 ounces of gold equivalent resources were added to the Fachinal Mine. (reserves were 2,051,000 tons @ 0.093 opt Au, 3.51 opt Ag) M.J.: January 21

Chilean Gold Ltd. announced that it acquired a 90-day option to acquire a 100% interest in the Los Colores, La Camanchaca and La Marquesa properties from private interests for $590,000 cash and 200,000 shares for each property selected. G.C.N.L.: No. 33

Antofagasta Plc(60%) (formerly Antofagasta Holdings Plc) announced that the first 100,000 ton shipment of copper concentrates from the Los Pelambres Mine left the Port of Punta Chungo on January 14. (reserves = 975,700,000 tons @ 0.77% Cu, 0.023% Mo proven+probable) M.J.: January 21

Empresa Minera de Mantos Blancos SA announced that it acquired an option to earn a 100% interest in the Ricardo Property from Rockwell Ventures Inc. for $7,000,000 cash and $5,000,000 in exploration expenditures over 5 years. G.C.N.L.: No. 36

Codelco announced that the Government approved its plans to invest $220,000,000 to expand copper production at the Radomiro Tomic Mine to 250,000 tons/year of copper (from 180,000 tons/year). (reserves = 880,000,000 tons @ 0.59% Cu-oxide) M.J.: February 4

Noranda Inc. announced that it will proceed with its plans to expand the Altonorte copper smelter at a capital cost of $170,000,000 raising production to 290,000 tons/year of copper (was 160,000 tons/year) and sulfuric acid production to 700,000 tons/year (was 250,000 tons/year). M.J.: February 11

Barrick Gold Corp. announced that based on recent drill results, the Pascua Project now contains reserves of 241,900,000 tons @ 0.058 opt Au, 2.2 opt Ag. (was 241,900,000 tons @ 0.058 opt Au, 1.38 opt Ag) M.J.: 1999 Annual Review

GUYANA

Cambior Inc. announced that its Board of Directors determined that the recent Aur Resources Inc. takeover-offer is deficient in several material respects and therefore it advises its shareholders not to tender their shares. (reserves @ Omai = 59,542,000 tons @ 0.041 opt Au proven+probable) M.B.D.: February, 2000

PERU

Newmont Mining Corp.(51.35%) announced that based on recent drill results at the Yanacocha Project, total reserves now aggregate 32,900,000 ounces of gold (no grade announced but reserves were 20,600,000 ounces) and 356,000,000 ounces of silver (no grade announced). Reserve expansions were noted at the Cerro Yanacocha, Carachugo, Chaquicocha and La Quinua deposits while the Cerro Quilish and El Tapado resources were brought into the reserve category. M.R.L.: January, 2000

Newmont Mining Corp. announced that it acquired an option to earn a 100% interest in the Yanacocha Property from Solitario Resources Corp. for $6,000,000 cash plus a retained royalty. G.C.N.L.: No. 25

Grupo Mexico SA de CV(54.3%) announced that it was studying reducing the capital costs of various projects of Southern Peru Copper Corp. in particular the $875,000,000 modernization of the Ilo Smelter. Grupo said that this project may be reduced to an expenditure of $300,000,000. (reserves @ Cuijone = 1,422,300,000 tons @ 0.64% Cu; @ Toquepala = 770,000,000 tons @ 0.74% Cu) M.J.: January 21

Cambior Inc. announced that based on recent drill results at the Virgen Property, total resources now aggregate 13,305,600 tons @ 0.036 opt Au measured+indicated. (was 3,956,000 tons @ 0.052 opt Au in Rio Suro zone) G.C.N.L.: No. 37

Cambior Inc. announced that it terminated its option on the Virgen Property of Gitennes Exploration Inc. (resources = 13,305,600 tons @ 0.036 opt Au measured+indicated) G.C.N.L.: No. 30

VENEZUELA

Greenwich Resources Plc announced that it agreed to hand over 0.5 km2 of the Araciga concession to artisanal miners who invaded the area 4 years ago. M.J.: February 11

Bolivar Goldfields Ltd. announced that it will sell its Tomi Mine Property. (reserves = 2,860,000 tons @ 0.141 opt Au) N.M.: February 14

EUROPE

FINLAND

The Government announced that Tarja Haloneu was elected at the country’s first woman President. W.S.J.: February 7

Outokumpu Oy announced that it will expand capacity at the Kokkola Zinc Smelter to 260,000 tons/year (from 225,000 tons/year) at a capital cost estimate of $32,000,000. M.J.: January 7

GERMANY

The Government announced that Wolfgang Schaeuble resigned as the head of the Christian Democrat Party as a result of a campaign finance scandal. W.S.J.: February 17

HUNGARY

KazMinCo announced that it acquired an option to earn a 100% interest in the Telkibanya Property from private interests for $16,000 cash, 200,000 shares and $250,000 in exploration expenditures over 3 years as well as a $100,000 payment upon the completion of a positive feasibility study. P.D.: February, 2000

IRELAND

Outokumpu Oy announced that it reached tentative agreement regarding a new labor contract with its unions at the Navan Mine. (reserves = 18,040,000 tons @ 8.1% Zn, 2.5% Pb proven+probable) M.J.: February 18

PORTUGAL

Rio Tinto Ltd.(49%) announced that a strike at its Neves Corvo Mine resulted in the operation being closed on February 4 and then reopened on February 5. The unions warned that further strikes are imminent unless a new wage offer is negotiated. (reserves = 36,080,000 tons @ 5.14% Cu, 0.18% Sn, 0.91% Zn) M.J.: February 11

Rio Tinto Ltd. announced that it intends to sell its 49% interest in SOMINCOR, the owner of the Neves Corvo Mine. (reserves = 36,080,000 tons @ 5.14% Cu, 0.18% Sn, 0.91% Zn)M.J.: February 18

ROMANIA

Esmeralda Explorations Ltd.(50%) announced that a tailings overflow accident at the Baia Mare retreatment plant occurred on January 30. The cyanide laden spill (100,000 meters3 @ 30 ppm cyanide) escaped into the Lapus River which eventually empties into the Danube River. (reserves = 4,840,000 tons @ 0.017 opt Au recoverable at the Sasar tailings; 11,550,000 tons @ 0.014 opt Au recoverable at the Central tailings) M.J.: February 11

CIS

KAZAKHSTAN

Dragon Natural Resources Corp. announced that it offered to purchase a 100% interest in Kazakhstan Minerals Corp. through a merger for undisclosed terms.(reserves @ Varvarinskoye = 22,910,000 tons @ 0.055 opt Au, 0.25% Cu) G.C.N.L.: No. 29

UZBEKISTAN

WMC Ltd. announced that it withdrew from the Zarmitan Project with the Government.(reserves = 22,000,000 tons @ 0.29 opt Au) M.J.: February 11

Newmont Mining Corp.(40%) announced that it postponed the development of the Angren Project due to the present low gold price. M.J.: February 18

AFRICA

ERITREA

Marchmount Gold Ltd. announced that it acquired an option to earn a 75% interest in 4 properties from private interests for 4,000,000 shares. N.M.: February 7

GHANA

Ashanti Goldfields Ltd. announced that it acquired an option to earn a 100% interest in 40 km2 of the 230 km2 Dunkwa Concession from Birim Goldfields Ltd. for $1,500,000 cash. (reserves @ Mampon = 1,320,000 tons @ 0.146 opt Au open-pit mineable) N.M.: January 31

Ashanti Goldfields Ltd. announced that the High Court ruled that it must convene an extra ordinary general meeting within 21 days to reconsider the composition of its Board of Directors. M.J.: February 11

IVORY COAST

The Government announced that a coup d’etat on December 24 overthrew President Henri Konan Bedie and installed a transitional government. M.J.: January 21

KENYA

Azimut Exploration Ltd. announced that it acquired an option to earn a 50% interest in the Yala and Busia properties from Normandy Mining Ltd. for $2,500,000 in exploration expenditures over 4 years. N.M.: February 7

MALI

Randgold Resources Ltd.(80%) announced that based on recent drill results at the Morila Project, resources now aggregate 45,870,000 tons @ 0.119 opt Au. (was 44,341,000 tons @ 0.112 opt Au) M.J.: February 11

Anglogold Ltd.(40%) announced that it’s Board of Directors approved an expenditure of $75,000,000 to develop the Yatela Project to produce 1,200,000 ounces of gold over 5 years. (reserves = 21,670,000 tons @ 0.088 opt Au) M.J.: February 11

SIERRA LEONE

The Government and Rebel leader Foday Sankoh announced that they have agreed to ban all mining activity within the country. M.J.: February 4

SOUTH AFRICA

Enderbrooke Investments Ltd. announced that it purchased a 100% interest in the East Rand Proprietary Mine from East Rand Proprietary Mines Ltd. for $9,280,000 cash. (reserves = 1,078,000 tons @ 0.272 opt Au proven) M.J.: January 28

JCI Gold Ltd. announced that it abandoned it previously announced plans to merge its gold operations into Western Areas Ltd. resulting in a write-off of $8,210,000 in pre-merger costs. (reserves @ Western Areas = 2,262,000 tons @ 0.328 opt Au proven) M.J.: February 4

Anglogold Ltd. and Western Areas Ltd. announced that they have cut their gold hedges or intend to hedge less of their future gold production through foreward sales. The news lifted gold on the New York Exchange $10.10/ounce to $318.70/ounce. W.S.J.: February 11

Anglo American Platinum Corp. announced that a strike at its Rustenburg base metals refinery now has been partially resolved and that production from the facility has resumed. M.J.: February 11

Impala Platinum Holdings Ltd.(83%) announced that it will reopen the Crocodile River Mine due to the rising price of platinum-group metals. Investment expenditures are estimated at $31,800,000 to produce 80,000 ounces PGM/year. The mine has been closed since 1991. M.J.: February 11

TANZANIA

Allstate Explorations NL (64.7%) announced that the Beconsfield Mine began operations at a rate of 102,000 ounces of gold/year. (reserves = 2,112,000 tons @ 0.509 opt Au) M.J.: January 7

Ashanti Goldfields Ltd.(50%) announced that as a part of an agreement with its various hedging counterparties, it will sell its interest in the Geita Mine at a minimum expected price of $200,000,000. (total resources = 100,760,000 tons @ 0.12 opt Au) N.M.: January 31

Ashanti Goldfields Ltd. announced that it received a $100,000,000 loan from Barclays Bank to complete construction of the Geita Project as well as to provide funds for general working capital. (reserves @ Geita = 100,760,000 tons @ 0.12 opt Au) M.B.D.: February, 2000

Pangea Goldfields Inc. announced that based on recent drill results at the Golden Ridge Project, total resources now aggregate 17,050,000 tons @ 0.094 opt Au in the main zone and an additional 600,000 ounces (no grade announced) in the Hill 5 zone. (was 33,100,000 tons @ 0.043 opt Au) M.J.: February 18

ZIMBABWE

Anglo American Plc announced that it acquired an option to purchase a 100% interest in Zimasco Consolidated Enterprises for undisclosed terms. (reserves @ Mimosa = 56,100,000 tons @ 0.109 opt PGM) M.J.: January 7

African Gold Plc announced that it agreed to transfer its Beehive Mine Complex to the holders of $1,665,000 of its debt in exchange for canceling the notes. (reserves = 550,000 tons @ 0.302 opt Au) M.J.: January 21

Zimbabwe Platinum Mines Ltd. announced that based on a recently completed feasibility study, the Ngezi Property now contains a resource of 132,000,000 tons @ 0.10% Ni, 0.06% Cu, 0.107 opt PGM. Capital costs for mine development are now estimated at $11,500,000. (was 109,900,000 tons @ 0.06% Cu, 0.09% Ni, 0.109 opt PGM) M.J.: January 28

AUSTRALIA

NEW SOUTH WALES

North Ltd. announced that it re-started the Northparkes Mine on January 20 after being closed due to a rock fall accident. (reserves = 15,510,000 tons @ 0.70% Cu, 0.017 opt Au probable) M.J.: January 21

Furukawa Co. Ltd. announced that the Port Kembla copper smelter was re-started at its new capacity of 120,000 tons/year (was 80,000 tons/year). M.J.: January 21

Goldfields Ltd. announced that it made an all-cash takeover offer for Gilt-Edged Mining NL of $0.27/share or a total value of $22,144,000. (reserves @ Braemore = 660,000 tons @ 0.056 opt Au; @ Christmas Reef = 41,030,000 tons @ 0.064 opt Au; @ Siberia = 4,252,600 tons @ 0.085 opt Au) M.J.: February 4

QUEENSLAND

Fimiston Mining NL announced that it acquired an additional 49% interest (to now hold 100%) in the Julia Creek Property from Julia Creek Mining NL for 6,330,000 shares. (reserves @ Julia Creek = 88,000,000 tons @ 0.227% V2O5) M.J.: February 4

SOUTH AUSTRALIA

Billiton Exploration Australia Pty Ltd. and Minotaur Gold NL announced that they acquired an option to earn a 75% interest in the Lake Torrens Property from Pima Mining NL for $480,000 in exploration expenditures over 2 years. M.J.: January 21

WESTERN AUSTRALIA

WMC Ltd. announced that drilling at the Kambalda Operations successfully outlined a resource of 418,000 tons @ 4.2% Ni at the Wannaway Mine and a resource of 1,100,000 tons @ 4.3% Ni at the Mirtel Deposit. (reserves @ Kambalda = 6,380,000 tons @ 3.35% Ni, 0.07% Co proven+probable) Skillings: January 22

Australian Platinum Mines NL announced that it acquired an option to earn a 55% interest in the Wild Night Hill Property from Citation Resources Inc. for $19,500 cash and $169,000 in exploration expenditures over 1 year. G.C.N.L.: No. 36

PacMin Mining Corp. Ltd. announced that based on a recently completed feasibility study for the Carosue Dam Project, reserves now aggregate 9,986,000 tons @ 0.061 opt Au at the Karari zone; 7,564,700 tons @ 0.055 opt Au at the Whirling Dervish zone; 3,417,700 tons @ 0.054 opt Au at the Luvironza zone for a total of 20,969,300 tons @ 0.058 opt Au. (was 18,150,000 tons @ 0.057 opt Au) Press Release: February 10

PacMin Mining Corp. Ltd. announced that it will develop the Carosue Dam Project at a capital cost estimate of $25,500,000. Eventually the mine will produce 110,000-140,000 ounces/year of gold at a cash operating cost of $190/ounce. (reserves = 20,969,300 tons @ 0.058 opt Au) Press Release: February 10

Western Metals Ltd.(60%) and GME Resources NL(40%) announced that they combined their property assets in the Murrin Murrin area into a new company called NiWest Ltd. (resources = 110,000,000 tons @ 1.02% Ni, 0.07% Co) M.J.: February 18

NEW ZEALAND

Normandy Mining Ltd.(67%) announced that reserves at the Waihai/Martha Hill Mine now aggregate 8,250,000 tons @ 0.097 opt Au, 0.76 opt Ag. (was 16,170,000 tons @ 0.094 opt Au, 0.97 opt Ag) M.J.: 1999 Annual Review

ASIA

CHINA

The Government announced that 22 miners were killed on January 11 when the Xuzhou Dahuang Mountain coal mine in Jiangsu Province flooded. M.J.: February 4

Goldpark China Ltd. announced that operations at the Crimson Hills Mine began recently at a 300 tons/day rate. (reserves = 1,650,000 tons @ 0.209 opt Au) P.D.: February, 2000

INDONESIA

The Government announced that President Wahid removed ex-military chief Wiranto from his cabinet. W.S.J.: February 15

Masuparia Gold Corp. announced that it terminated its option on all properties of Mining Exploration and Investments Ltd. G.C.N.L.: No. 25

Newcrest Mining Ltd.(82.5%) announced that its Gosowong Mine resumed operations on February 3 after being closed for 7 days due to civil unrest. (reserves = 1,100,000 tons @ 0.703 opt Au) M.J.: February 11

Newmont Mining Corp.(80%) announced that a district court ruled that it is liable for $5,000,000 in back taxes regarding sand and gravel that was mined to gain access to the Minahasa deposit. Newmont states that the material was mined as waste and not sold so it therefore should not be liable for the tax assesment. (reserves @ Minahasa = 6,758,000 tons @ 0.234 opt Au) N.M.: February 14

IRAN

The Government announced that the Oeshm Zinc Smelter began test production at a rate of 5,000 tons/year of zinc. Capital costs for project development are now stated at $5,000,000.M.J.: February 4

JAPAN

Palladium prices dropped $96.80/ounce to $720.00/ounce after the Tokyo Commodity Exchange announced new trading curbs on palladium metal transactions. W.S.J.: February 24

MYANMAR

Ivanhoe Mines Ltd. announced that it will invest $7,000,000 to expand production at the S+K Copper Mine to 38,500 tons/year capacity (from 27,500 tons/year). (reserves = 248,930,000 tons @ 0.40% Cu) G.C.N.L.: No. 22

NEW CALEDONIA

Eramet announced that it declared a force majeur on all nickel deliveries due to a labor dispute at its 4 mines on the island. (reserves @ Thio = 8,000,000 tons @ 2.5% Ni, 0.06% Co; @ Tiebaghi = 30,400,000 tons @ 1.77% Ni, 0.06% Co; @ Nepoui-Kopeto = 11,000,000 tons @ 2.7% Ni, 0.06% Co) M.J.: February 11

Coronation International Mining Corp. announced that it terminated its offer to acquire a 100% interest in Caledonian Pacific Minerals NL. M.J.: February 11

PAPUA NEW GUINEA

Aurora Gold NL(50%) announced that it will now complete a feasibility study of the Morobe Property at an undisclosed cost estimate. (reserves = 77,900,000 tons @ 0.067 opt Au, 0.80 opt Ag) Mining Magazine: February, 2000

Madison Enterprises Corp. announced that based on recent drill results at the Mt. Kare Project, total resources now aggregate 28,050,000 tons @ 0.064 opt Au, 0.85 opt Ag indicated+inferred. (was 22,440,000 tons @ 0.064 opt Au, 0.84 opt Ag indicated+inferred) G.C.N.L.: No. 30

Harmony Gold Mining Ltd. announced that it acquired 32,770,000 shares (20%) of Goldfields Ltd. from Hanson Plc for $26,032,000. (reserves @ Porgera = 111,527,000 tons @ 0.105 opt Au proven+probable) M.J.: February 11

PHILIPPINES

Climax Mining Ltd. announced that LG International Corp. and Korean Resources Corp. have committed $25,600,000 in financing towards the development of the Dinkidi Project. (reserves = 19,470,000 tons @ 0.67% Cu, 0.069 opt Au proven) M.J.: January 21

WMC Ltd. announced that it withdrew from the Tampakan joint-venture. (reserves = 990,000,000 tons @ 0.75% Cu, 0.009 opt Au) M.J.: February 11

THAILAND

Pan Australian Resources NL announced that it will conduct a feasibility study of the Puthep Project at an undisclosed cost estimate. (reserves = 127,600,000 tons @ 0.40% Cu) M.J.: February 4