Shutdowns cost Falconbridge (October 28, 2002)
Lower nickel sales and shrinking revenue from precious metals production pushed Falconbridge (FL-T) to a third-quarter loss.The major found itself $21.3 million in the red (or 14 per share), compared…
News
Redcorp tallies gold values at Hawk
Vancouver — Drilling by Redcorp Ventures (RDV-T) has returned encouraging values from the Hawk gold property in north-central British Columbia.All 12 holes in the 1,500-metre program, which tested fo…
Majescor strikes deal
Majescor Resources (MAJ-V) was granted a 3-year option to explore the Fenelon property in the Casa Berardi sector of northwestern Quebec exclusively for diamonds.Property owners International Taurus R…
TVX suffers big fat Greek headache
Greece’s supreme administrative court, the Conseil d’tat, has dealt TVX Gold (TVX-T) another blow by blocking the company’s Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessa…
Placer set to boost production profile (October 28, 2002)
Vancouver — Placer Dome’s (PDG-T) diminished share price is puzzling in light of the company’s improved financial performance, says President Jay Taylor.”I just can’t believe how the market has price…
Competition fetches prize jewelry
Katleho Photolo, a third-year student in the jewelry department at Technikon Pretoria, a technical college, was the overall winner in AngloGold’s Riches of Africa 2002, a jewelry design competition.An…
Partners pour gold at Magistral in Mexico
Equal partners Queenstake Resources (QRL-T) and privately held Midwest Mining have shipped their first gold bar from the Magistral project in Mexico’s Sinaloa state.Weighing 254 oz., the bar was sold …
Pierina founder Lowell among US Hall of Fame inductees
Renowned exploration geologist David Lowell is one of three new inductees into the American Mining Hall of Fame. He is also scheduled to speak at the awards banquet, slated for Dec. 7 at the Westin La…
Far from fireproof
The news from Europe that Swedish-Swiss construction and engineering firm ABB Group had issued a profit warning, largely as a result of lawsuits against its U.S. unit, Combustion Engineering, is anoth…
Trading Summary (October 25, 2002)
Market-wide gains sent the Toronto Stock Exchange 69.01 points or 1.1% higher to 6,405.87 on Friday. The golds rose…
Inmet posts Q3 profit
Inmet Mining (IMN-T) made $3.7 million (or 7 per share) during the three months ended Sept. 30, thanks to higher m…
Richmont, Louvem earnings rise
Paced by higher gold prices, Richmont Mines (RIC-T) wrapped up its second straight profitable quarter at the end of…