Higher earnings for Richmont
Buoyed by higher gold prices, Richmont Mines (RIC-T) wrapped up its second straight profitable quarter at the end of September.Earnings approached $4.3 million (or 28 per share) on revenue of $17.3 m…
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Higher prices spell profit for Inmet
Higher metal prices and a strong performance by the Pyhasalmi copper-zinc mine in Finland propelled Inmet Mining (IMN-T) to a profit in the third quarter.The company earned $3.7 million (or 7 per sha…
PEOPLE (November 04, 2002)
Gammon Lake — Rodolfo Nieblas Castro appointed director.Patricia — Eric Kallio appointed VP exploration.Radisson — Dale Hendrick and Donald Lacasse appointed directors.Robe…
More output, fewer workers
Mineral production is increasing as mining employment steadily declines, according to a report produced by the United Nations’ International Labour Office (ILO) in Geneva. The report points out that m…
Asarco ponders Mission closure
Vancouver — Asarco, the U.S. subsidiary of Grupo Mexico, is considering closing its Mission copper mine is southern Arizona.The announcement, prompted by high production costs and low copper prices, …
Trading Summary (November 01, 2002)
The Toronto Stock Exchange ended the week on a high note reclaiming 72.61 points to make 6,321.4 on Friday with al…
Glencairn takes a better view of Bellavista
Assured that the government of Costa Rica will support development of the Bellavista gold project, Glencairn Gold (…
Rio Narcea picks up new zone at El Valle (November 01, 2002)
Exploration drilling by Rio Narcea Gold Mines (RNG-T) in the main pit at the El Valle gold mine in the Asturia regi…
Drill turning at Jales
Vancouver — Junior St. Elias Mines (SLI-V) has launched a 1.500 metre drill program over the Gralheira- Jales gold…
Angloplat workers walk
Vancouver — Some 2,000-to-3,000 workers at the Bafokeng Rasimone platinum mine is South Africa have refused to go…
Trading Summary (October 31, 2002)
Toronto’s gold stocks dropped 6.31 points or 3.7% to lead declining subindices on the day despite a US$1.30-per-oz.
Canadian Royalties wins dispute
Vancouver Canadian Royalties (CZZ-V) has won the legal battle over a disputed ground on its Phoenix nickel-copper…