Energy crunch cramps Eldorado’s performance
Vancover — Power restrictions in Brazil have slowed production at Eldorado Gold’s (ELD-T) Sao Bento mine and pushed the junior minor into the red.During the recent second quarter, Eldorado tabled a n…
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Canadian Stock Exchange Indices (August 13, 2001)
DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1HighLowTSE 3007772.23Holiday7744.217756.197741.37…
Freeport’s Grasberg zero-cost copper producer
Record gold sales and throughput in the second quarter have allowed Freeport-McMoRan Copper & Gold (FCX-N) to post zero-unit cash costs for each pound of copper produced at the vast Grasberg mine in I…
Hedging lifts Aur’s bottom line
Steady production and beneficial hedging allowed Aur Resouces (AUR-T) to pocket a tidy US$8-million profit during the second quarter.Aur’s share of combined second-quarter production from the Quebrada…
‘Rural cleansing’ gets media attention
When the Wall Street Journal lines up hammer and nail to drive home a point, a hard bang or two usually follows. Earlier this summer, the prestigious newspaper hit the nail on the head when it reporte…
Francisco expands Guatemalan find (August 13, 2001)
Francisco Gold (FGX-V) has received encouraging results from the final nine holes of a third round of drilling at its wholly owned Marlin project in western Guatemala. The near-surface, oxidized zone …
Denison — then and now
Second-quarter financials issued by Denison Mines (DEN-T) paint a picture of a small but generally healthy company making it work in tough times.Denison lost $978,000 in the second quarter on revenue …
Atna advances Chilean copper oxide project
The results of a 22-hole, 2,480-metre program of reverse-circulation drilling have confirmed previous oxide resource estimates of the Barreal Seco copper project in north-central Chile.Atna Resources …
Exchange Rates (August 13, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1US$ in C$1.5340Holiday1.53481.5412…
MOST ACTIVE ISSUES, AUGUST 1-7
ExchgVol(000s)HighLowCloseChangeFreeport McB*N1511811.3710.6810.98+0.22…
River turns to shareholders
Hard-pressed for cash, River Gold Mines (RIV-T) is attempting to raise $5.4 million by issuing just over 31 million rights to its shareholders.Proceeds are earmarked for debt reduction, working capita…
Metal Prices (August 13, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1Aluminium1356/1386…