Vancouver — The proposed Manantial Espejo silver-gold mine in Argentina has moved a step closer to reality following a deal that allows Pan American Silver (PAA-T) to earn a 50% interest.In August 20…
Vancouver — With a 1,500-metre drill program ready to go on its Gold Mountain zone, Sultan Minerals (SUL-V) continues to consolidate ground around the Kena property, near Ymir in southeastern British…
At the annual meeting of the Mining Association of Canada, retiring president Alfred Powis, head of Noranda Mines, reviewed the obstacles and difficulties that have beset the industry in recent years….
As a result of the first full year of production at the expanded LaRonde mine in Rouyn-Noranda, Que., Agnico-Eagle Mines (AGE-T) enjoyed solid operating results in 2001. However, the higher output did…
Inmet Mining (IMN-T) has signed an agreement with Noranda (NRD-T) whereby either company can initiate the sale of Inmet’s 3.3% net proceeds interest in the Antamina zinc-copper mine in Peru.Inmet’s pu…
The year 2001 presented some ups and downs for Nunavut’s mining industry, the most prominent being mine-closure announcements and a possible diamond rush.Last year, the Lupin gold mine, in the Northwe…
During 2001, Crystallex International (KRY-T) enjoyed its best year of gold production since beginning mining operations in 1995.From its mines in Uruguay and Venezuela, the company produced 109,000 o…
Noranda’s (NRD-T) 62%-owned base metal subsidiary, Novicourt (NOV-T), turned in a subdued performance during the last three months of 2001.The junior producer posted net earnings of $600,000 (or 2 pe…
Health Canada and Ontario’s Ministry of the Environment are at odds over hazards faced by residents living in Port Colborne, Ont., near an old Inco refinery.Health Canada says the province may be unde…
Despite a $4.2-million writedown on its Nugget Pond mine in Newfoundland and a $1-million provision for site restoration in the second quarter, Richmont Mines (RIC-T) dramatically reversed course in 2…
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20Aluminium1366.50…
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