Financial woes mount for Imperial
Despite cost-cutting efforts, Imperial Metals (IPM-T) is still not producing profits at its Mount Polley and Huckleberry copper mines in B.C.The company lost $4.4 million, or 5 per share, on revenues…
News
Cominco flashes green light for Pend Oreille
With the Sullivan and Polaris mines scheduled to close in the next two years, Cominco (CLT-T) will spend US$70 million to reopen the past-producing Pend Oreille zinc-lead mine near Metaline Falls in n…
Prospector celebrates centennial
Former prospector Frank Hoey is literally 100 years young.At the one-century mark, Hoey still lives on his own, reads without glasses, owns a baseball cap with the words “Frank The Rock Hoey” printed …
Miners shine over long weekend
For the holiday-shortened week ended Sept. 5, the Dow Jones industrial average rose 45.51 points, or 0.4%, to close at 11,260.61 in light trading.Mining issues enjoyed gains as gold climbed back after…
LME Warehouse Levels (September 11, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 5/00 (change from Aug. 29 in brackets):MetalStock(tonnes)Change…
MOST ACTIVE ISSUES, Aug. 30-Sept. 5
ExchgVol(000s)HighLowCloseChangeWilliam ResT 13653 0.20 0.17 0.18…
Correction (September 11, 2000)
The Kolwezi tailings project in the Democratic Republic of Congo contains an updated resource of 112.8 million tonnes grading 1.49% copper and 0.32% cobalt. The project is held by America Mineral Fiel…
Record tonnage keeps Bema hopeful
Although lower gold production prevented Bema Gold (BGO-T) from posting a profit during the second quarter, the company hopes to reap the benefits of two consecutive quarters of record throughput duri…
Ontario invests millions to rehabilitate former mine sites
The Ontario government will spend $5 million this year to rehabilitate former mine sites and restore some of their productive use. The initiative is part a 4-year, $27-million program launched by the …
Anatolia proves up porphyry prospect in Turkey
Anatolia Minerals Development (AMCD.U-C) is encouraged by results from channel-sampling carried out on two subparallel traverses on the Cukurdere porphyry-skarn prospect in eastern Turkey.The upper tr…
Exall losses mount in quarter
The continuing malaise in the gold market is taking its toll on junior producer Exall Resources (EXL-T).Net losses in the three months ended June 30 totalled $415,640 (or 2 per share) on revenue of $…
Caussa, Mountain Lake combine at Ventersdorp
Two Canadian-based mining companies are consolidating their land holdings in the Ventersdorp alluvial diamond camp in South Africa. Caussa Capital (CAU-T) and Mountain Lake Resources (MOA-V) say the c…