News
Imperial pulls plug on mine
Vancouver — In yet another blow to British Columbia’s beleaguered mining industry, Imperial Metals (IPM-T) will suspend operations at its wholly owned Mount Polley copper-gold mine, near Williams Lak…
Prairie Creek mine poised for revival
Fort Nelson, B.C. — Vancouver-based Canadian Zinc (CZN-T) is navigating its way through a sluggish and disjointed permitting process in a determined effort to develop the Prairie Creek zinc-lead-silv…
TVX cleans house
Echoing management’s cry for a new beginning, shareholders of TVX Gold (TVX-T) have approved the early conversion of the company’s US$250-million, gold-linked convertible notes.The decision, which eli…
NB gold project generates interest
Rollingdam, N.B. — The majors are sitting up and taking notice of a brand-new gold discovery made by Freewest Resources Canada (FWR-M) at its Clarence Stream property in the southwestern corner of Ne…
Noranda eyes El Pachon (July 09, 2001)
Vancouver — In an effort to increase its mining exposure in South America, Toronto-based Noranda (NRD-T) has signed a letter of agreement with Montreal-based Cambior (CBJ-T) and Bolivia’s Comsur to a…
Muskox cuts sulphides at Keel-2
Vancouver — The first four holes into the Keel-2 geophysical target on the Muskox Intrusive Complex in Nunavut hav…
Sultan resumes drilling at Kena
Vancouver — Favourable results from the first four holes into the Gold Mountain zone have prompted Sultan Minerals…
Aurizon reworks Casa Berardi payment (July 06, 2001)
TVX Gold (TVX-T) has agreed to grant Aurizon Mines (ARZ-T) a two-year extension (to August 2003) for the payment o…
Strike strands Chilean copper
An eight-day-long strike by Chilean port workers at the northern port of Antofagasta is set to run through the week…
Alcoa posts record earnings before writedown
Denver — Alcoa (AA-N) has posted record quarterly earnings of US$429 million (49 per share) before special charge…
Trading Summary (July 06, 2001)
The Toronto Stock Exchange ended the holiday-shortened week on a sour note, falling 88.87 points, or more than 1%,…