Writedowns take toll on Pan American
Vancouver — A writedown of US$37.6 million at its Dukat silver project in the Magadan region of far-eastern Russia, and a US$4.4-million charge against inactive properties pushed Pan American Silver …
News
The Northern Miner — North American Mining Index (March 19, 2001)
74.74 (-1.24)(Sept. 30/98 = 100)…
Hecla ends year on down note
Denver — After writing down the value of the Lucky Friday silver mine in Idaho and tacking on charges from two reclamation sites, Hecla Mining (HL-N) posted a substantial loss in the fourth quarter, …
The Northern Miner — Small Producers Index (March 19, 2001)
51.77 (+1.83)(Sept. 30/98 = 100)…
Mine propels Antofagasta
Denver — A strong performance by the Los Pelambres copper mine in northern Chile enabled London-based Antofagasta (ANFGF-Q) to post a profit for 2000.Earnings for the period jumped to US$138.2 millio…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
MOST ACTIVE ISSUES, MAR. 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19112 39.58 35.37 37.05 -0.94…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Peruvian company posts polymetallic resource
Denver — Prefeasibility work at the Cerro Lindo property in central Peru has outlined high-grade zinc mineralization for that country’s Minera Milpo.The measured, indicated and inferred resource, cal…
CDNX suspends Birch again
The Canadian Venture Exchange (CDNX) has once again suspended “prairie-gold” explorer Birch Mountain Resources (BMD-V), following a technical audit of its exploration program.The exchange ended Birch’…
PNWC raises grade at River Valley
Vancouver — Early results from an ongoing 11,000-metre drill program by Pacific North West Capital (PFN-V) have boosted the economical prospects of the River Valley platinum- palladium project in Ont…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…