Falco starts year in the black
Higher production, lower costs and rebounding metal prices translated into a better-than-expected first quarter for Falconbridge (FL-T).The major earned $20.4 million (or 10 per basic and fully dilut…
News
Philex sees more signs of a second porphyry (May 06, 2002)
Vancouver — As impressive drill results keep rolling in from the Boyongan copper-gold prospect in the Philippines, reconnaissance drilling to the south continues to yield indicators of a second miner…
Correction (May 06, 2002)
In our April 22-28 issue, we reported Pacific Minerals (PMZ-V) collected 492 underground channel samples, which so far had averaged 0.29 gram platinum group metals and 0.4 gram gold per tonne.Of the 4…
Gold could go higher
The gold price could reach higher levels in 2002, should the market continue to benefit from further investment demand and drops in producer hedging. These two factors were the main reasons gold turne…
Bloom commentary misses mark
Lynda Bloom’s commentary, Fusion key step in fire assaying for PGEs (T.N.M., Feb. 25-March 3/02), is plagiarism at its worst.Bloom is brazen enough to start her article with “Fire assay is the preferr…
Flin Flon hosts conference
The Mid Canada Mining Conference, slated for May 12-15 in Flin Flon, Man., will showcase Hudson Bay Mining & Smelting’s 777 projects, with additional technical papers on uranium, nickel, gold and diam…
Starfield confirms PGMs
Vancouver — Starfield Resources (SRU-V) has confirmed assays for a high-grade palladium-platinum and rhodium intersection in drill hole 101, which was reported last year.The high-grade interval was h…
Iodine supply forecast to rise
The supply of iodine is set to rise as producers in Turkmenistan refurbish and expand capacity, according to The Economics of Iodine (eighth edition), published by Roskill Information Services.The cou…
Boliden hits mark at Garpenberg
Underground drilling by Swedish miner Boliden (BLS-T) in the Garpenberg area of central Sweden has encountered “extensive mineralization.”The holes, sunk from the 900-metre level, aimed at the 850- an…
Gold bars go missing
The management team of Harmony Gold Mining was more than a little puzzled after two 1-oz. gold bars went missing at a presentation of the company’s quarterly results in late April.The case of five gol…
PEOPLE (May 06, 2002)
Augusta — Christopher Jennings appointed director.Boliden — Sverker Martin-Lof appointed director.First Dynasty — Sanjay Dalmia appointed president and CEO.Fort Knox…
Cayeli, Troilus land Inmet in black (May 06, 2002)
Higher production at the Cayeli copper-zinc mine in Turkey and the Troilus gold mine in northern Quebec helped offset lower metal prices and powered Inmet Mining (IMN-T) to improved results during the…