Currency hedges hit earnings in Australia
A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…
News
AngloGold bids for Normandy (September 10, 2001)
Moving to expand and diversify its gold portfolio, AngloGold (AU-N) has launched an all-share bid to acquire Normandy Mining (NDY-T), Australia’s largest gold miner.Creating what it describes as the “…
Trail testing system a failure
Vancouver — Newly formed mining giant Teck Cominco (TEK-T) has determined that a failure in its testing methodolog…
Ashton hits kimberlite in Nunavut
Vancouver — Perseverance has paid off in the discovery of a kimberlite on the Kikerk Lake property in Nunavut by A…
Partners discover new Pt-Pd zones
Vancouver — Recognizing the potential for a bulk-tonnage platinum-palladium deposit, partners Mustang Minerals (YM…
Sastre disappoints at Tambor
Vancouver — The latest drill results from the Tambor gold property in Guatemala have yielded only low-grade values…
Wheaton shifts gears
With all mining and crushing completed at its 89%-owned seasonal Golden Bear mine in northwestern British Columbia,…
MOE orders Inco, Falconbridge to reduce emissions
Ontario’s Ministry of the Environment announced plans on Friday to order nickel giants Inco (N-T) and Falconbridge…
Global served order to liquidate subsidiary
Standard Bank of South Africa has been granted a final order of liquidation for California-based Global Diamond Res…
Trading Summary (September 07, 2001)
News that the jobless rate in the U.S. climbed to a four-year high of 4.9% in August sent North American markets re…
Franco takes reins of Echo Bay in stock deal
Denver — Echo Bay Mines (Eco-X) has reached an agreement with Franco-Nevada (FN-T) to convert US$115 million in ca…
Drill turns at Rio Tabaconas
Vancouver — IMA Exploration (IMR-V) has launched a highly anticipated 1,500-metre drill program over its 90-sq-km…