PT Inco triples earnings despite constrained production
Higher nickel prices allowed Inco’s (N-T) 59%-owned Indonesian subsidiary PT Inco to triple its earnings in 2002 de…
News
Geomaque losses shrink in 2002 (February 17, 2003)
Though still deep in the red, Geomaque Explorations (GEO-T) lost half as much in 2002 as in the previous year, than…
Falconbridge soars
Falconbridge (FL-T) recorded hefty profits for both the fourth quarter and 2002.The company earned $73 million (or 34 per share) in 2002 on revenue of $2.4 billion, compared with earnings of $16 mill…
Editorial Cartoon (February 17, 2003)
Downside risk restricted in lead and aluminum
Market deficit for copper deemed likelyThe following is the third in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalm…
The Northern Miner — North American Mining Index (February 17, 2003)
74.95 (-1.82)(Sept. 30/98 = 100)…
The Northern Miner –Small Producers Index
89.41 (-9.18)(Sept. 30/98 = 100)…
Innovation augurs well for Canadian mining
If I had to pick just one word to describe the Canadian mining industry in recent years, it would be “innovative.” Innovation now defines our industry. In fact, the mining industry spends some $370 mi…
Market volatility will likely bolster gold price further
The Northern Miner asked several followers of the junior mining sector for their stock recommendations for 2003. In this, the last of three instalments, we asked newsletter publishers Paul van Eeden a…
Bullion bearish on Venture Exchange
Vancouver — A slump in the price of bullion dragged down Canada’s junior exchange over the week ended Feb. 11. The S&P-TSX Venture Exchange composite index shed 35.54 points, or 3.45% of its value, t…
Gold, silver stocks take a beating
Gold’s recent volatility proved to be a double-edged sword over the period ending Feb. 11, as the yellow metal tumbled more than US$20 to trade in the low US$360-per-oz. range.The gold majors made a h…
Pyhasalmi saves Inmet
Facing ground problems at its Cayeli mine in Turkey and difficulties in shipping concentrates from Ok Tedi in Papua New Guinea, Inmet Mining (IMN-T) still turned a fourth-quarter profit, thanks to goo…