Fort Knox, Dynatec launch $14m program
Vancouver — Fort Knox Gold Resources (fnx-t) and Dynatec (DY-T) have inked a joint-venture agreement to explore, develop and potentially mine five nickel-copper properties in the Sudbury district of …
News
Higher cash flow buoys Cambior
Despite taking a US$5.4-million writedown on its Omai gold mine in Guyana, Cambior (CBJ-T) managed to post a profit during the last three months of 2001. It was the first time the Montreal-based compa…
Northern Miner Indices (March 04, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…
Daily Metal Prices (March 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20Aluminium1366.50…
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
News – 04-MAR-02
Coeur d’Alene reduces losses (March 04, 2002)
Vancouver — Debt restructuring helped Coeur d’Alene Mines (CDE-N) trim its losses in 2001.The Idaho-based company posted a loss of US$3.1 million (or US7 per share) for the year, compared with a los…
Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Gold Funds (March 04, 2002)
Gold Funds as of February 21 2002Dundee PreciousCentral MetalsFundNet Value$18.07$5.63Price$13.50$6.
Canadian Stock Exchange Indices (March 04, 2002)
DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20HighLowTSE 3007567.477512.467426.647418.147431.79…
Pannell replaces Hushovd at Falconbridge (March 04, 2002)
After five years at the helm of Falconbridge (FL-T), Oyvind Hushovd has been replaced by Derek Pannell, who is also president of Noranda (NRD-T).Hushovd’s sudden replacement ends a 27-year career that…
Hope on the horizon
At the annual meeting of the Mining Association of Canada, retiring president Alfred Powis, head of Noranda Mines, reviewed the obstacles and difficulties that have beset the industry in recent years….