Billiton reports strong half
Rising metal prices helped Billiton, the world’s third-largest aluminum producer, post a profit of US$241 million for the first half of the major’s fiscal year. Profits for the 6-month period ended De…
News
Economic growth fuels inflation fears
Against a background of ever more positive economic data, base metal prices continue to disappoint. During the report period Feb. 21-25, aluminum and copper continued to trend downward; lead and zinc …
Goldcorp benefits from Havelock sale
Toronto-based Goldcorp (G-T) pocketed a respectable profit in 1999, thanks largely to the sale of its Havelock Lime division.The company earned US$11 million (or 15 per share) on revenue of US$51.7 m…
Open-pit reserves at Sigma-Lamaque swell to 1.6 million oz.
McWatters Mining (MCW-T) is finding there’s plenty of low-cost gold left at the venerable Sigma-Lamaque complex at the east end of this town.Thanks to last year’s $5-million exploration campaign at Si…
Expatriate inks deal to acquire Kudz Ze Kayah
Junior Expatriate Resources (EXR-V) has a struck a deal with Cominco (CLT-T) to buy certain interests in the Finlayson Lake district of southeastern Yukon, including the Kudz Ze Kayah polymetallic dep…
Gold Fields tackles costs at Driefontein
The Witwatersrand Basin of South Africa is home to some of the deepest and largest underground gold mines in the world, including Driefontein, which has produced more than 93 million oz. since operati…
Resource stocks hit market
The Toronto Stock Exchange 300 index suffered mild losses during the Feb. 23-29 report period, shedding 65.87 points to end at 9,128.99.The gold and precious metals sub-group nosedived 545.09 points t…
GSN meeting set for spring
The Geological Society of Nevada (GSN) will host a symposium May 15-18 at John Ascuaga’s Nugget in Reno.The GSN conference is held every five years. Featured this year will be lectures on various subj…
Pele to test geophysical targets
A review of government-flown surveys by an independent geophysical firm has resulted in the identification of eight priority targets and 12 secondary targets on ground held by Pele Mountain Resources …
SouthernEra tables feasibility for Messina
Following receipt of a bankable feasibility study, SouthernEra Resources (SUF-T) has closed the purchase of a 54% stake in Johannesburg-listed Messina Ltd., a subsidiary of Impala Platinum (Implats).M…
Marlene Fipke takes control of Dia Met
As part of a $120-million divorce settlement, Charles Fipke has agreed to transfer all his shares in Dia Met Minerals (DMM-T) to his former wife. The agreement makes Marlene Fipke the largest single s…
INDEX (March 05, 2000)
Agnico-Eagle3Akrokeri23Anaconda3Anglo Am15Anglo Am. Platinum3Atna1, 24Barrick3, 6Battle Mt.24Billiton15Bol…