MOST ACTIVE ISSUES, FEB. 13-19
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N3629025.2923.3123.77-0.20…
News
Newmont now the biggest on the block
Ushering in a new era in gold mining, Newmont Mining (NEM-N) has taken control of Normandy Mining (NDY-T) and merged with Franco-Nevada Mining to overtake AngloGold (AU-N) as the world’s larges…
Teck Cominco cuts zinc output (February 25, 2002)
Vancouver — Faced with an oversupply of zinc on the world market, Teck Cominco (TEK-T) plans to trim production by 55,000 tonnes in 2002.The Cajamarquilla zinc refinery in Peru, owned 82% by the majo…
Barrick to halve hedge book
With fewer writedowns and a merger under its belt, Barrick Gold (ABX-T) finished 2001 with modest earnings in contrast to the loss it took in 2000. But the big gold producer had other news to deliver:…
Two hedgers get new look
Barrick Gold’s recent announcement that it will sell half its gold at spot rates didn’t take many by surprise, even though it had the same ring as an archbishop voicing doubts about the Resurrection. …
Diamonds gain momentum
Diamond mines and pipelines continue to be hot topics of discussion and speculation across the Northwest Territories. As we move into our second decade of diamond discovery, the Northwest Territories …
BC students compete at CIM event
Vancouver — Mining students in British Columbia will compete for the coveted Turnbull Cup on Feb. 28 at the awards dinner of the Canadian Institute of Mining, Metallurgy and Petroleum (Vancouver bran…
Prospecting in Wekusko, Part 3
It was now winter 1956 and the four drillers at the Crowduck Bay camp in northern Manitoba were intent on making more in wages and completing the drill contract on the Violet lithium claims, named aft…
TNR joins NovaGold
Vancouver — At the same time that it is carrying out a feasibility study on the 13-million-oz. Donlin Creek deposit in Alaska, NovaGold Resources (NRI-T) has inked a deal allowing TNR Resources (TRR-…
CanTung ships first concentrate (February 25, 2002)
Vancouver — North American Tungsten (NTC-V) has completed its first shipment of high-grade clean tungsten concentrate. The concentrate was shipped to Sandvik AB of Stockholm and Osram Sylvania Produc…
Corner bay tops up till
Junior Corner Bay Silver (BAY-T) has raised $4.5 million in several private placements comprising 1.8 million shares in all. Proceeds are earmarked for the advanced Alamo Dorado silver-gold project in…
LME Warehouse Levels (February 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 19 (change from Feb. 12 in brackets):MetalStock (tonnes)ChangeAluminium898025(+2…