Normandy, TVX clean up balance sheets
Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…
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For services rendered
I was introduced to Frederick William Wink at his home, overlooking the Beach Grove Golf Course in Tsawwassen, B.C. Like most of us in the resource industry, I had heard of the famous Winkie portable …
Bentonite industry sees changes
A report published by London-based Roskill Consulting Group highlights major changes in the bentonite industry.Among the developments highlighted in The Economics of Bentonite (ninth edition) are the …
OMET gets advisory committee
The Ontario Mineral Exploration (OMET) program now has a technical advisory committee.The committee will evaluate proposals and make funding recommendations submitted to OMET, a 4-year, $8-million ini…
Russian oil giant seeks to dissolve Archangel deal
Denver — A newly filed lawsuit is threatening Archangel Diamond’s (AAD-V) ongoing efforts to resolve a title dispute over the Verkhotina diamond licence in northern Russia. LUKoil, Russia’s largest o…
Field trips highlight SEG conference
The Society of Economic Geologists (SEG) is planning six field trips in conjunction with its Global Exploration conference, slated for April 14-16, 2002, in Littleton, Colo.The trips will encompass:- …
Gold founders in weak market
Denver — Falling consumer confidence kept a lid on financial markets, holding the Dow Jones industrial average to a 47.89-point (0.5%) gain during the report period ended Aug. 28 at 10,222.03, while …
GREATEST VALUE TRADED, AUGUST 22-28
ExchgVal($000s)HighLowCloseChangeAlcoa*N37317239.6537.3538.78+1.38…
US Gold gains Mexican base metal property
Denver — After concentrating for years on the Tonkin Springs gold project in Nevada, U.S. Gold (USGL-O) is shifting its focus to a silver-lead-zinc property in Mexico.The company leased the 47-ha Zim…
More consolidation expected in gold sector
John Ing of Maison Placements Canada has long made the case that gold is an effective hedge against both a lower U.S. dollar and a weaker economy. For most of the past six years, however, the U.S. eco…
Crown defaults on debentures (September 03, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not be making its final, US$15.4-million payment, thereby defaulting on its 5.75% convertible subordinated debentures. The payme…
Namco hangs tough despite half-year loss
A disaster early in the year left Namibian Minerals (NMR-T) with US$25.1 million in losses on revenue of US$6.2 million for the half of 2001.Namibian’s loss, which translates into 40 per share, was b…