Barrick to halve hedge book
With fewer writedowns and a merger under its belt, Barrick Gold (ABX-T) finished 2001 with modest earnings in contrast to the loss it took in 2000. But the big gold producer had other news to deliver:…
Teck Metals Ltd - Trail Operations
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…
San Nicolas production decision hinges on zinc
At long last, Teck Cominco (TEK-T) has tabled a bankable feasibility study for the San Nicolas copper-zinc deposit in the central Mexican state of Zacatecas.However, since zinc will be the primary met…
Taseko closes Gibraltar financing
Vancouver — Taseko Mines (TKO-V) has an exclusive right to acquire a limited partnership that has raised $1.8 million to research technology aimed at reviving the Gibraltar copper mine, near Williams…
Sullivan sees last shift
Vancouver — After 91 years of production and adding $19 billion to the economy of British Columbia, the Sullivan zinc-lead-silver mine near Kimberley has closed shop.The flagship operation of Cominco…
2001 deals out the pain
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…
Sulliden’s drills stall at Mario (December 31, 2001)
Nearly out of cash, Sulliden Exploration (sue-t) has suspended a 3,500-metre drilling campaign on the Mario base metal property, 50 km southwest of Huancayo, Peru.Sullivan had drilled about 1,553 metr…
Teck Cominco envisions larger zinc district in Alaska
Vancouver — With Red Dog in northwestern Alaska already the highest-grade zinc mine in the world, Teck Cominco (TEK-T) is hopeful recent drill results will enable it to outline a zinc district potent…
Orezone nabs Seguenega from Repadre Capital
Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…
Aur reaps rewards at Quebrada Blanca
Higher copper production and hedging gains are translating into healthier profits for Aur Resources (AUR-T).During the three months ended Sept. 30, Aur pocketed US$7 million (or 8 per share) on reven…
NovaGold hits highest grades yet at Donlin
Vancouver — California-based NovaGold Resources (NRI-T) continues to pull high-grade intercepts from the Acma zone of the Donlin Creek deposit in Alaska.Situated 480 km west of Anchorage, Donlin Cree…
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…