PEOPLE (July 30, 2001)
Elkhorn — Robert Trenaman appointed director.National Gold — Chester Millar, Albert Matter and James McDonald appointed directors.Plexmar — Louis Lessard appointed director.
News
Rio narrows gap with Anglo
Rio Tinto continues to gain ground on Anglo American in its quest for first place among global mining companies, as ranked by the Raw Materials Group in Who Owns Who in Mining 2001.The U.K.-based tita…
Goldcorp soars at Red Lake mine
With results continuing to exceed predictions, Goldcorp (G-T) has once again revised its production forecast for the Red Lake mine in northwestern Ontario.Production is now expected to top an impressi…
Inco earnings down in second quarter (July 30, 2001)
Nickel producer Inco (N-T) posted second-quarter earnings of US$45 million as revenue from nickel sales continued to shrink. At the same time, the company unveiled a deal with the government of New Ca…
Gold Funds (July 30, 2001)
Gold Funds as of July 19, 2001Dundee Precious MetalsCentral FundNet Value$13.64$5.21Price$9.75$4.70…
Exchange Rates (July 30, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 24July 23July 20July 19July 18US$ in C$1.53811.54461.54481.5…
Inmet profitable in Q2
Better operating results but poorer metal prices combined to keep second-quarter earnings at Inmet Mining (IMN-T) roughly the same as in 2000. For the three months ended June 30, the copper and gold p…
Spot Prices Wed. July 25, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.25+$1.15Silver$ 4.26+$0.02Platinum$502.00-$…
GREATEST VALUE TRADED, JULY 18-24
ExchgVal($000s)HighLowCloseChangeAlcoa*N54078142.0036.6037.23-2.16…
Halmahera project put on the shelf
Vancouver — Political uncertainty in Indonesia has come home to roost for prospective nickel laterite miner Weda Bay Minerals (WDA-T).The company has suspended work on its nickel and cobalt project o…
Homestake books new reserve at Veladero
Further drilling by operator and 60% owner Homestake Mining (HM-N) at the Veladero property in the Argentine Andes has nearly doubled gold reserves and upped silver reserves by 60%. But engineering wo…
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…