Energy costs squeeze Phelps Dodge in first quarter
Denver — Higher energy costs continue to hurt the bottom line for Phelps Dodge (PD-N), resulting in a loss of US$1…
News
Teck and Inco team up in Brazil
Vancouver — Diversified miners Teck (TEK-T) and Inco (N-T) have joined forces to explore Brasilca Mining’s (BSL-V)…
Agnico’s recovery stutters slightly
Agnico-Eagle Mines’ (AGE-T) financial recovery has stumbled slightly and the company has posted a loss of US$300,00…
Anglo cuts big grades at Boyongan
Vancouver — Partners Anglo-American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a very rare geolog…
Trading Summary (April 24, 2001)
Only three of the Toronto Stock Exchange’s 14 subindexes managed to finish in the black on Tuesday as the 300 compo…
Campbell writedowns dent bottom line
Continued low gold prices, suspension of mining operations at the Joe Mann underground gold mine in northern Quebec and writedowns totalling $45.7 million all resulted in a considerable loss for Campb…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
LME Warehouse Levels (April 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17/01 (change from April 10 in brackets):MetalStock (tonnes)ChangeAluminium…
Base metals gain steam
The report period April 9-12 was encouraging for base metals markets, based on strong rallies in nickel, which saw its average cash price gain 5.2%, and aluminum, which gained 1.8%. Both markets were …
Idaho Consolidated active at Stillwater complex
Denver — Idaho Consolidated Metals (IDO-V) expects to begin its first round of drilling on the Stillwater complex in southwestern Montana.The junior, which owns 110 sq. km adjacent to the platinum pa…
PEOPLE (April 23, 2001)
Azimut — Andr Gaumond appointed interim president.GGL Diamond — John Auston appointed director.Gold Canyon — Nathan Tewalt appointed geological consultant.Ivernia West…
WGC promotes gold mining in Latin America
Acting as lobbyist for some of the world’s biggest gold miners, the World Gold Council has sponsored the publication of a study titled The New El Dorado: The Importance of Gold Mining to Latin America…