Eldorado restates earnings (April 29, 2002)
Vancouver — The discovery that a 1994 US$10-million convertible debenture should have been treated as a debt instrument has forced Eldorado Gold (ELD-T) to restate its financial statements for 2000 a…
Articles by Northern Miner Staff
CDNX gains on moderate volume
Canada’s junior exchange moved higher on moderate volume over the week ended April 23. The Standard & Poor’s-CDNX composite index tacked on 8.91 points, or 0.7%, to close at 1,164.08.Goldminco topped …
Atacama speeds up expansion
Vancouver — With its Aguas Blancas iodine mine in Chile running smoothly, Atacama Minerals (AAM-V) is arranging a US$3.5-million revolving credit facility to boost production.The credit facility will…
Producer and Dealer Prices (April 29, 2002)
Antimony: Mid-mkt US$1,260/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.70-7.70/lb.Copper: Comex May US$0.7315/lb.Indium: Indi…
Breakwater improves
With zinc prices coming off record lows, Breakwater Resources (BWR-T) is starting to produce more.During the first three months of 2002, the company produced 60,470 tonnes zinc in concentrate, up 15% …
Teck Cominco faces fine
Vancouver — The Workers’ Compensation Board (WCB) has fined Teck Cominco (TEK-T) $270,000 for an accident last year at its Trail lead smelter, in British Columbia, in which workers were exposed to to…
Exchange Rates (April 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 23April 22April 19April 18April 17US$ in C$1.57521.57281.5719…
Miramar hits targets despite setback
Vancouver — During the first quarter, Miramar Mining’s (MAE-T) operations at Yellowknife, N.W.T., were well on their way to establishing a solid base for a productive year. However, the temporary sus…
Carlin trend produces 50-millionth oz.
The Carlin trend in Nevada has joined such venerable gold camps as Timmins, Ont., South Africa’s Witwatersrand and Uzbekistan’s Muruntan as the latest in the world to produce 50 million oz. gold.The t…
Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Oil sands spell self-sufficiency for Canada
The recoverable portion of Canada’s crude bitumen resources, a black tarry hydrocarbon that coats the sands and carbonate sedimentary formations in the Athabasca, Cold Lake and Peace River regions of …
Suncor expands with Project Millennium
Suncor Energy (SU-T), Canada’s third-largest integrated oil company, is in the midst of a massive expansion of its Oil Sands operation, north of Fort McMurray, Alta., a move that should see the compan…