Trading Summary (August 07, 2001)
Gains in the utilities and pipelines subindexes led the Toronto Stock Exchange higher on Tuesday. After opening mor…
Articles by Northern Miner Staff
Aurizon restructuring, sale lead to loss
The second quarter was not kind to gold producer Aurizon Mines (ARZ-T), which took a $1.4 million net loss (4 per…
Trading Summary (August 06, 2001)
Markets were closed in Canada for the Civic Holiday, but the international metal markets were open. London gold clo…
Wayside drilling at Wells Trend
International Wayside Gold Mines (IWA-V) has resumed active exploration at its Cariboo gold properties in north-cen…
Randgold shows profits (August 06, 2001)
Continued production success at the Morila mine in Mali turned a US$4.7-million second-quarter profit for Randgold…
Gold miners take a beating
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
Drilling tests Robert’s Arm
Drilling by Altius Minerals (ALS-V) is under way at Bumble Bee Bight on the Robert’s Arm property in northeastern Newfoundland.Inmet Mining (IMN-T) is funding the program, which will include at least …
New offer could avert strike in South Africa
Harmony Gold and Goldfields have presented the National Union of Mineworkers (NUM) with a new offer in hopes of averting a strike at the companies’ South African mines, which employ about 50,000 worke…
Golds nosedive but base metals stay afloat
The Toronto Stock Exchange moved modestly higher during the report period July 25-31, adding 103.18 points to finish at 7,689.69, for a gain of 1.4%.Base metal shares outpaced the broad market with a …
Barrick profits clipped
Lower production and higher power costs at key mines took a bite out of Barrick Gold’s (ABX-T) second-quarter earnings, but the major says it still expects year-end earnings to ring in at about US70 …
Cukurdere zone expanded
The latest results from reverse-circulation (RC) drilling at the Cukurdere project in central Turkey have confirmed previous values.Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-…
Leaden copper prices sink Phelps Dodge
Denver — Lower copper prices and a production shortfall hampered the second-quarter performance of Phelps Dodge (PD-N), resulting in a loss of US$103 million before restructuring charges and non-recu…