Mid-tier benefits
At a time when major money managers are telling BHP Billiton they are not big enough, Teck Cominco is positioning itself as a mid-tier company that practises capital and production supply discipline.T…
News
Benefits
A new version of draft legislation governing mineral and mining rights in South Africa has removed the minerals and energy minister’s discretion in granting those rights. It also guarantees security o…
Barrick eyes RDN (May 06, 2002)
Vancouver — Picking up where Newmont Mining (NEM-N) left off, Barrick Gold (ABX-T) has inked a letter of intent to earn a 75% stake in Rimfire Minerals’ (RFM-V) RDN property in northwestern Br…
Exchange Rates (May 06, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 30April 29April 26April 25April 24US$ in C$1.56781.56621.5632…
CORRECTION – Eldorado Gold
Two articles appearing in The Northern Miner in recent weeks, both dealing with Eldorado Gold (ELD-T), require correction.The article “Eldorado expands zone at Kisladag” (T.N.M., April 29/02) was an o…
Minotaur cuts high grades
Vancouver — Junior Minotaur Resources has tabled impressive results from the Prominent Hill prospect at the Mt. Woods joint venture in southern Australia.Hole 5 was drilled 200 metres east of hole 3 …
Trading Summary (May 02, 2002)
The S&P/TSX Composite Index gained 23.19 points to end at 7,675.33 on Thursday. The golds remained in investors’ si…
Anglo nabs Disputada for US$1.3 billion
Vancouver – Adding some muscle to its already impressive base metal portfolio, London-based Anglo American (AAUK-Q)…
Goldcorp cruises on Red Lake (May 02, 2002)
Despite lower revenue, GoldCorp (G-T) was able to post higher first-quarter earnings thanks to the performance of i…
AngloGold lowers costs (May 02, 2002)
Vancouver – Having been knocked out of the number one spot in terms of gold ounces produced, AngloGold (AU-N) has l…
Hecla posts loss despite improved operating performance
Although gold production was up and cash costs were down at Hecla Mining (HL-N), the company still posted a loss fo…
Strike delays Trans Hex restructuring
Trans Hex International (THI-V) has negotiated a non-brokered private placement of up to 1 million units at 15U api…