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:…
News
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…
Newmont now the biggest on the block
Ushering in a new era in gold mining, Newmont Mining (NEM-N) has taken control of Normandy Mining (NDY-T) and merged with Franco-Nevada Mining to overtake AngloGold (AU-N) as the world’s larges…
MOST ACTIVE ISSUES, FEB. 13-19
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N3629025.2923.3123.77-0.20…
Trading Summary (February 22, 2002)
The golds stood out on a quiet Toronto Stock Exchange on Friday dropping 99.51 points or 1.6% to end at 5,997.13. T…
Inmet inks Antamina put-call deal (February 22, 2002)
Inmet Mining (IMN-T) has entered into an agreement with Noranda (NRD-T), under which either side can initiate the s…
Iamgold enjoys added Yatela production
Iamgold’s (IMG-T) share of production from the Sadiola and Yatela gold mines in western Mali, reached a record 256,…
Agnico-Eagle suffers growing pains
Paced by the first full year of production from the expanded LaRonde mine in Rouyn-Noranda, Que., Agnico-Eagle Mine…
Trading Summary (February 21, 2002)
The gold issues regained their glitter on the Toronto Stock Exchange gaining 276.75 points or 4.8% to 6,096.64 on T…
Sultan ties up more ground near Kena
Vancouver — With a 1,500-metre drill program ready to go on its Gold Mountain zone, Sultan Minerals (SUL-V) contin…
Quebec’s diamond rush continues
Dianor Resources (DOR-V) has inked a deal to acquire 7 claim blocks totalling 39.5 sq. km in the James Bay area of…
Candente ups interests in Peru (February 21, 2002)
Vancouver — Candente Resource (DNT-V) has acquired the remaining 50% interest it does not already own in the Lunah…