Viceroy takes loss on chin
Vancouver — Viceroy Resource (VOY-T) suffered through another year in the red as debt payments and writedowns took their toll on the junior miner.The net loss for 2000 totalled $45 million (or 78 pe…
Articles by Northern Miner Staff
Phelps Dodge slices dividend
Denver — In an effort to save US$120 million annually, Phelps Dodge (PD-N) has cut its yearly dividend to US50 per share.Ballooning energy costs in the wake of the California energy crisis have hurt…
Rio stays in the black
Although somewhat trimmed since its takeover by London-based Billiton last fall, Rio Algom continues to turn a tidy profit.Earnings in the three months ended March 31 topped $18 million on revenue of …
Anaconda drills Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta (ANFGF-O), has kicked off a US$3-million exploration program at the Magistral copper-molybdenum project, north of Lima…
Breakwater hit by falling prices
Lower zinc prices left Breakwater Resources (BWR-T) with a loss of $2.1 million on revenue of $80.8 million for the three months ended March 31.Breakwater’s loss, which translates to 2 per share, com…
El Peon powers Meridian (May 21, 2001)
Denver — Mid-sized gold producers have borne the brunt of low prices during the past year, mostly because so few have mines capable of producing gold for less than US$100 per oz. One notable exceptio…
Electric car uses cobalt battery
Electric Auto Corp. (EAC), based in Fort Lauderdale, Fla., plans to produce a zero-emissions sport utility vehicle (SUV) for the California market.The Silver Volt SUV, equipped with EAC’s Apollo fuel …
PEOPLE (May 21, 2001)
Cons. Beacon — John Squarek appointed director.General Minerals — John Christie appointed director.Hucamp — Elizabeth Kirkwood appointed president and COO.Int’l Uranium…
Spot Prices Wed. May 16, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.10+$3.90Silver$ 4.44+$0.12Platinum$609.00+$…
Nickel enjoys dramatic rally
Metals markets were volatile during the report period May 7-11, with sharp downward adjustments in aluminum and copper prices and a dramatic rally in nickel. The London Metal Exchange (LME) 3-month ni…
Int’l Annax cuts high grade at Dairi
Diamond drilling at the Dairi zinc-lead project in North Sumatra, Indonesia, is testing the southernmost limits of the high-grade Anjing Hitam zone.International Annax Ventures (IAX-V) reports that th…
TVX board OKs note conversion
The board of directors of TVX Gold (TVX-T) has unanimously approved a proposal to force an early conversion of the company’s US$250-million, gold-linked convertible notes.The move would be highly dilu…