Cambior back in black
Despite a US$5.4-million, fourth-quarter writedown related to its Omai gold mine in Guyana, Montreal-based Cambior…
News
De Beers saw diamond sales shrink in 2001
De Beers saw its profits halved in 2001 as the global economic downturn took its toll on rough diamond sales.The major’s core business is the mining and marketing of rough gem diamonds. Hampered by th…
Partrician raises cash
Junior Patrician Consolidated Gold Mines (PXC-V) has raised $400,000 through a private placement financing.The Ottawa-based company issued 2 million units at 20 apiece. A unit consists of a share and…
News – 25-FEB-02
Short-term prospects dim in mineral commodity markets
It’s annual-report season, and given the difficult trading conditions of late, it isn’t surprising that many companies are reporting mixed results. What is cause for concern, however, is that most min…
Gold Funds (February 25, 2002)
Gold Funds as of February 14 2002Dundee Precious MetalsCentral FundNet Value$18.26$5.76Price$13.90$5.87…
The Northern Miner — North American Mining Index (February 25, 2002)
77.01 (-1.19)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 25, 2002)
66.42 (-0.17)(Sept. 30/98 = 100)…
Getchell mine pushes Placer into red
Vancouver — Placer Dome (PDG-T) posted a US$29-million profit during the fourth quarter of 2001, but US$301 million in writedowns pushed the company US$133 million into the red for the year.Quarterly…
MOST ACTIVE ISSUES, FEB. 13-19
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N3629025.2923.3123.77-0.20…
Newmont now the biggest on the block
Ushering in a new era in gold mining, Newmont Mining (NEM-N) has taken control of Normandy Mining (NDY-T) and merged with Franco-Nevada Mining to overtake AngloGold (AU-N) as the world’s larges…
Teck Cominco cuts zinc output (February 25, 2002)
Vancouver — Faced with an oversupply of zinc on the world market, Teck Cominco (TEK-T) plans to trim production by 55,000 tonnes in 2002.The Cajamarquilla zinc refinery in Peru, owned 82% by the majo…