Weak gold price spells loss for Newmont
Denver — Despite strong cash flow, Newmont Mining (NEM-N) incurred a loss of US$18.7 million (or 11 per share) in the third quarter, compared with a loss of US$39 million (23 per share) in the corr…
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Teck’s Pogo at feasibility, Anarraaq takes shape under Cominco program
Affiliated companies Teck (TEK-T) and Cominco (CLT-T) generated the most excitement in Alaska this past year by advancing their respective Pogo and Anarraaq deposits. Teck’s Pogo gold project, situate…
Francisco
Vancouver-based Gabriel Resources (GBU-T) has added more than 100 million tonnes to the resource base of its Rosia Montana gold-silver project in west-central Romania.At a cutoff grade of 0.6% gram go…
Nickel majors post hefty profits
Powered by sustained high prices for nickel and copper, Inco (N-T) and Falconbridge (FL-T) both recorded large profits during the third quarter.Inco reported net earnings of US$79 million (US37 per f…
Green Creek explores new ground
The operators of the Greens Creek polymetallic mine, in southeastern Alaska, have resumed exploration drilling following a brief hiatus.Over the past year, Kennecott Minerals, a division of the mine’s…
Francisco pulls hot values from Marlin
Vancouver-based Francisco Gold (FGX-V) is off to a good start at its recently acquired Marlin property in western Guatemala.The junior encountered significant gold-silver mineralization in 13 of 15 ho…
The Northern Miner — North American Mining Index (October 30, 2000)
63.03 (+0.45)(Sept. 30/98 = 100)…
Sherritt’s profits rise, debentures shrink
A combination of stronger oil prices, higher production and fewer taxes translated into improved third-quarter earnings for Sherritt International (S-T).Net income for the three months ended Sept. 30 …
Mansfield, Atna bright spots in junior sector
Mineral exploration frauds such as Bre-X Minerals in Indonesia, combined with the Asian financial crisis of the late 1990s, are chiefly responsible for the ongoing slump in junior resource stocks, acc…
Gold Funds (October 30, 2000)
Gold Funds as of Oct 19, 2000Dynamic MutualCentral FundNet Value$11.88$5.44Price$7.00…
Decline in prices continues
During the report period Oct. 16-20, all the base metals listed on the London Metal Exchange (LME) suffered declines in their weekly average prices. Once again, nickel and zinc prices were hardest-hit…
Goldcorp cuts ribbon at reborn Red Lake mine
It began life in 1948 as Dickenson Mines’ Arthur White gold mine and went on to produce more than 3.1 million oz. without interruption until a strike forced a shutdown in 1996. Recently, under the own…