Goldcorp revises Red Lake forecast
Higher head grades have prompted Goldcorp (G-T) to increase its 2001 production forecast for the Red Lake mine in Ontario.The mine, which re-entered commercial production on Jan. 1, is now expected to…
News
Tenke hits hot holes at Filo del Sol in high Andes
Vancouver — Reverse-circulation drilling by Tenke Mining (TNK-T) has cut impressive copper-silver-gold mineralization on the 264-sq.-km Vicuna property, which straddles the border between Chile and A…
Gitennes aims drills at Blacktop
Vancouver-based Gitennes Exploration (GIT-T) is awaiting permits to carry out preliminary drilling on the Blacktop polymetallic massive sulphide showing, situated on the Fox property, 26 km north of M…
Wawa area yields more diamonds
Activity at two separate projects continue to demonstrate the diamond potential of the Wawa area of northern Ontario.At the GQ property, Band-Ore Resources (BAN-T) has picked another 279 diamonds from…
Partners find zinc at Bambas in Peru
Vancouver — Mapping and sampling by equal partners Southwestern Gold (SWG-T) and Inco (N-T) have uncovered significant zinc mineralization at the Lince property in southern Peru. The property is part…
Strongbow cuts massive sulphides at Avoca project
Vancouver — Initial results from a 7-hole drill program targeting the Carbonate zone at the Avoca massive-sulphide project in Ireland has returned encouraging values for operator Strongbow Resources …
Trivalence continues streak
Contributions from the recently opened Palmietgat mine in South Africa have enabled Trivalence Mining (TMI-V) to chalk up its sixth straight increase in quarterly diamond production.Trivalence owns a …
Mining companies unshaken by Salvadoran earthquake
Denver — The 7.6-magnitude earthquake that rocked El Salvador in mid-January caused little to no damage to mining operations in the region.Dayton Mining (DAY-T) President William Myckatyn tells The N…
Producer and Dealer Prices (January 22, 2001)
Antimony: Mid-mkt US$1,300/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.50-14.00/lb.Copper: Comex March US$0.823/lb.
Dow moves up slowly
Denver — The Dow Jones industrial average edged up 80.11 points, or 0.8%, to finish the Jan. 10-16 report period at 10,652.66, as the market entered what could turn out to be a rocky season for earni…
Ashton closes placement
Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.Each unit consists of one flow-through s…
First Point ups stake at Cacamuya
Vancouver — Breakwater Resources (BWR-T) has decided not to participate in the next exploration program on the Cacamuya low-sulphidation gold property in southern Honduras. As a result, First Point M…