Mideast crisis spells downside risks for metals
Several factors — the dearth of economic indicators that would indicate that manufacturing fundamentals are improving, the release of poor corporate financial results for the first quarter, and the p…
News
Nickel Rim South takes shape for Falco
A rich massive sulphide deposit is quickly taking shape in the venerable Sudbury mining camp of northern Ontario.Since discovering the zone last fall, Falconbridge (FL-T) has sunk seven more holes in …
The virtual paper trail
With the news that regulators in the United States — not the mighty Securities and Exchange Commission, but lowly state authorities — have opened the issue of analysts’ recommendations, we see a fai…
Nevada third-largest gold producer
In 2001, the total value of mineral production from mines in Nevada reached US$2.5 billion, most of which came from gold operations.The state produced more than 8 million oz. gold for the fourth year …
Queen’s to host symposium
Dr. Malcolm McPherson, associate dean for research and graduate studies at Virginia Tech University, will be the keynote speaker at the ninth Mine Ventilation Symposium, to be held June 8-12 at Queen’…
Escondida sees short fall
Vancouver — Between March 2001 and March 2002, copper output from Chile’s Escondida mine fell 24%, to 58,602 tonnes. Some 45,841 tonnes of concentrates and 12,761 tonnes of cathodes were produced las…
BHP Billiton comes up empty at Royce
Using its proprietary Falcon airborne gravity system to pinpoint potential kimberlite targets on the Royce Group of claims in the Northwest Territories, BHP Billiton (BHP-N) failed to intersect kimber…
TSE up on recovery news
The Toronto Stock Exchange moved higher over the report period April 10-16, on news of improving economic fundamentals. Even a quarter-point rate hike by the Bank of Canada on the final day didn’t sto…
Canadian Royalties and Ungava Minerals battle over ground
Vancouver — The inclusion of a key piece of ground in the Phoenix nickel-copper-platinum-palladium property in northern Quebec has created a rift between Ungava Minerals (UNGV-C) and Canadian Royalti…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Exchange Rates (April 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 16April 15April 12April 11April 10US$ in C$1.57981.58921.5878…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…