Gold Funds (March 04, 2002)
Gold Funds as of February 21 2002Dundee PreciousCentral MetalsFundNet Value$18.07$5.63Price$13.50$6.
News
GREATEST VALUE TRADED, FEB. 20-26
ExchgVal($000s)HighLowCloseChangeAlcoa*N57472938.5035.8537.50+2.02…
Higher cash flow buoys Cambior
Despite taking a US$5.4-million writedown on its Omai gold mine in Guyana, Cambior (CBJ-T) managed to post a profit during the last three months of 2001. It was the first time the Montreal-based compa…
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
Coeur d’Alene reduces losses (March 04, 2002)
Vancouver — Debt restructuring helped Coeur d’Alene Mines (CDE-N) trim its losses in 2001.The Idaho-based company posted a loss of US$3.1 million (or US7 per share) for the year, compared with a los…
NAME CHANGES (March 04, 2002)
Colerain Mining (CRI-V) has changed its name to Amex Exploration (AMX-V) on a 1-new-for-10-old-share basis.Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp…
Yatela props up Iamgold
Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…
Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Pannell replaces Hushovd at Falconbridge (March 04, 2002)
After five years at the helm of Falconbridge (FL-T), Oyvind Hushovd has been replaced by Derek Pannell, who is also president of Noranda (NRD-T).Hushovd’s sudden replacement ends a 27-year career that…
Gencor faces R1-billion suit
Johannesburg-listed Gencor, is facing more than R1 billion in claims from people with asbestos-related illnesses.Lawyers are preparing 3,500 claims totalling R1 billion in compensation from Gencor, wh…
Waterloo drilling yields high-grade nickel
Follow-up drilling by LionOre Mining International (LIM-T) has cut more high-grade nickel mineralization at the newly discovered Waterloo zone on the Wildara property in Western Australia.Diamond dril…
Tantalum use slated to rise
Global demand for tantalum has increased strongly since the mid-1990s, exhibiting annual growth of 24% to reach a peak of more than 2,600 tonnes Ta2O5 in 2001, according to a report by London-based Ro…