Aurora Gold committed to Mt. Muro mine
Despite its previously announced decision to sell its 85% interest in the Toka Tindung project in Indonesia, Aurora Gold says it will continue to operate the Mt. Muro gold-silver mine, in the same cou…
News
Stillwater rakes in record profit
Denver — Platinum producer Stillwater Mining (SWC-X) posted record earnings of US$29.4 million (or 75 per share) for the first quarter of 2001, compared with US$6.9 million (18 per share) in the co…
High grades hit at Tulawaka
Infill and extension drilling by Barrick Gold (ABX-T) at the Tulawaka gold deposit in the Lake Victoria district of Tanzania has returned more high-grade values.Barrick is drilling off a reserve at th…
Inco ready to develop Goro
With feasibility studies now complete, nickel producer Inco (N-T) has decided the Goro nickel project, in the French Pacific territory of New Caledonia, should be brought into production.Chairman Mich…
Gitennes to explore Fox
Despite a less-than-successful, initial round of drilling on the Blacktop massive sulphide prospect in southern British Columbia, Gitennes Exploration (GIT-T) plans to intensify exploration at the Fox…
Gabriel positioned for mine-making challenge: analyst
The recent appointment of Cliff Davies as chief executive officer and president of Gabriel Resources (GBU-T) bodes well for future development of the Rosia Montana gold project, says Michael Jones, a …
Metal Prices (April 30, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 24April 23April 20April 19April 18Aluminium15…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Banner year for Sullivan
MAY 1951Sullivan Consolidated registered its best year since 1943, after taking into account the added revenue from the East Sullivan gold mine in Bourlamaque Twp., near Val d’Or, Que.Total profit in …
NB gold prospect shows potential
Sackville, N.B. — Drilling by Freewest Resources Canada (FWR-M) has encountered a broad intercept of high-grade gold mineralization at the Clarence Stream property in southwestern New Brunswick.While…
Radius seeks Guatemalan gold
Vancouver — Radius Explorations (RDU-V) is about to begin a first phase of reverse-circulation drilling at the Tambor gold project in Guatemala.The 20-hole, 2,500-metre program will focus on the Brid…
Higher gold grades a boon for Freeport
Denver — Despite lower-than-anticipated metal prices, Freeport-McMoRan Copper & Gold (FCX-N) pocketed a profit of US$38 million, or 26 per share, in the first quarter.The Louisiana-based major, whic…