Huaron powers Pan Am
Newfound production at the Huaron mine in Peru and La Colorada mine in Mexico enabled Pan American Silver (PAA-T) to boost revenue to US$10.2 million in the recent first quarter, compared with US$4.5 …
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Goldcorp cruises on Red Lake (May 20, 2002)
Despite lower revenue, Goldcorp (G-T) managed to post record first-quarter earnings, thanks to the performance of its Red Lake mine in northwestern Ontario.Revenue during the three months ended March …
Junior golds add to recent gains
Vancouver — Canada’s junior exchange moved higher during the report period ended May 14, as investors continued to snap up shares in gold-related issues. The Standard & Poor’s-TSX Venture composite i…
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Daily Metal Prices (May 20, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 14May 13May 10May 9May 8Aluminium…
Northern Miner Indices (May 20, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Spot Prices Wed. May 15, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$307.50-$3.40Silver$ 4.60-$0.02Platinum$537.00+$…
Mazarin sees revenue grow
The acquisition of a half-interest in the Niobic niobium mine in Quebec enabled Mazarin (MAZ-T) to generate greater revenue in the first quarter of 2002 than in the corresponding period of last year.T…
Partners table Los Filos resource (May 20, 2002)
Vancouver — Partners Teck Cominco (TEK-T) and Miranda Mining (MRM-V) have tabled a new resource estimate for the large Los Filos gold deposit in Mexico’s Guerrero state.Based on 438 holes comprising …
Concentrator boosts PGM output at Lac des les
With the new concentrator at its Lac des les mine in Ontario nearing capacity, North American Palladium (PDL-T) almost tripled production during the first quarter.The concentrator received more than …
Foxpoint fires up Macassa
Foxpoint Resources (FPR-V) has resumed gold production at the Macassa mill in Kirkland Lake, Ont.On a daily basis, the mill is running through 1,100 tons of tailings from the Lakeshore property. The t…
Profitable Eldorado advances Turkish, Brazilian assets
Vancouver — Having completed a $25-million equity placement and improved its balance sheet, Eldorado Gold (ELD-T) is looking to advance its projects in Turkey and Brazil.During the first quarter of 2…