Shareholders OK merger
Minority shareholders of Cominco (CLT-T) have voted overwhelmingly in favour of the company’s planned merger with parent Teck (TEK-T), and the British Columbia Supreme Court has approved the merger’s …
News
Archon unsuccessful at drilling targets in NWT
Dentonia Resources (DTA-V), a one-third owner of DHK Diamonds, reports that the first four of five airborne “Falcon” targets to be drill-tested by Archon Minerals (ACS-V) on the DHK and WI joint-ventu…
Newmont on track for production targets
Despite a disappointing second quarter, Newmont Mining (NEW-N) says it is on track to meet this year’s targets of 5.4 million oz. gold produced at a total cash cost of US$180 per oz.Production in the …
Analyst compares Gabriel’s go-it-alone and sales options
Senior gold producers are still interested in buying non-producing companies with advanced projects . . . but not at any price, and certainly not without a hard-nosed look at project economics. That’s…
Barrick sees profit at low end
Lower production and higher power costs at key mines took a bite out of Barrick Gold’s (ABX-T) recent second-quarte…
Cambior’s loss widens
Cambior’s (CBJ-T) slow recovery from a hedge book gone wrong in 1999 stumbled a bit during the second quarter of 20…
Drill turns at Goodpaster
Vancouver — Partners Western Keltic Mines (WKM-V) and Rimfire Minerals (RFM-V) have the drill turning at the Bound…
Richmont sees red
Vancouver — Richmont Mines (RIC-T), yet another junior producer feeling the pinch of historically low gold prices,…
Arizona ups lead in U.S. copper output
Vancouver –Despite seeing a decline in copper production, Arizona produced nearly 67% of all the copper mined in t…
Falco closes Lomas Bayas deal
Falconbridge reports that Swedish-Canadian miner Boliden has completed the off-again-on-again sale of the Lomas Bay…
Strike to hit three mines
With wage talks deadlocked, South Africa’s National Union of Mineworkers (NUM) says that strike plans would go ahea…
Trading Summary (July 27, 2001)
The technology-heavy industrial products subindex led a mini-rally on The Toronto Stock Exchange on Friday, gaining…