Goldcorp cruises on Red Lake (May 20, 2002)
Despite lower revenue, Goldcorp (G-T) managed to post record first-quarter earnings, thanks to the performance of its Red Lake mine in northwestern Ontario.Revenue during the three months ended March …
Articles by Northern Miner Staff
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Archon hits snags while drilling in Lac de Gras
Drilling by Archon Minerals (ACS-V) in the Lac de Gras area of the Northwest Territories has been halted following the testing of only one target.Archon had set about testing some 22 geophysical pipe-…
Cumberland eyes Portage link (May 20, 2002)
Cumberland Resources (CBD-T) has intersected shallow, high-grade mineralization during a drill program aimed at connecting the Third Portage and North Portage deposits on the Meadowbank gold project i…
LME Warehouse Levels (May 20, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14 (change from May 7 in brackets):MetalStock (tonnes)ChangeAluminium1131625(+149…
Profitable Eldorado advances Turkish, Brazilian assets
Vancouver — Having completed a $25-million equity placement and improved its balance sheet, Eldorado Gold (ELD-T) is looking to advance its projects in Turkey and Brazil.During the first quarter of 2…
Fukuda to leave WGC
Haruko Fukuda, chief executive of the World Gold Council, will leave the London-based organization in late June.Fukuda assumed the post in 1999, just as the British government announced it would sell …
New e-mail for TNM (May 20, 2002)
The Northern Miner’s editorial department has a new e-mail address: tnm@northernminer.comFor circulation inquiries, please contact us at…
Metals markets stay focused on fundamentals
There has been a clear split in metals price movements during the report period May 6-10 as copper and nickel held on to higher levels, while aluminum and zinc fell sharply. This is evidence of a grea…
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …
Rhonda perseveres at Coronation Gulf
Rhonda (RDM-V) is encouraged by results from glacial till sampling at the Inulik property in the north Slave Craton region of Nunavut.Two samples, 1.4 km apart, returned kimberlite indicator mineral c…