Agnico-Eagle inaugurates Penna shaft
Rouyn-Noranda, Que. — Mine openings and expansions are increasingly rare events in this historic camp, so a few showers did not dampen the enthusiasm of more than 800 guests who gathered here to help…
News
Breakwater dons survival gear as zinc sinks
Depressed metal prices are taking their toll on Breakwater Resources (BWR-T), with the zinc miner racking up $9.5 million in losses for the first six months of the year along with a drop in revenue to…
Partners shake on finance
Partners Boliden (BOL-T) and Swedish-listed North Atlantic Natural Resources, in which Boliden and South Atlantic Resources (SCQ-V) each own 38%, have agreed to a financing structure to bring the Stor…
On-line procurer aims for 1 billion
Quadrem, the mining industry’s largest on-line procurement service, expects to rack up US$1 billion in transactions this year.Moreover, the company expects the value of transactions to escalate to US$…
Exchange Rates (August 27, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 21August 20August 17August 16August 15US$…
Broad market rebounds, resource stocks soar
Bolstered by an reinvigorated resource sector, the Toronto Stock Exchange 300 index gained a healthy 132.54 points over the five trading days ended Aug. 21, finishing at 7,472.98.The yellow metal had …
Metal Prices (August 27, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 21August 20August 17August 16August…
Snyder sale lifts Franco
The sale of its Ken Snyder mine in Nevada helped Franco Nevada Mining (FN-T) turn a $46.9-million profit in the three months ended June 30, 2001.The quarterly earnings, which translate into 30 per sh…
Hecla reaches deal for clean-up
Denver — Hecla Mining (HL-N) has reached an agreement in principle with the U.S. government and the state of Idaho concerning its share of environmental clean-up costs in northern Idaho’s Coeur d’Ale…
US got it right, B.C. left in lurch
Coincidental with the arrival of your Aug. 6-12 issue, which contains the editorial “United we fall,” I received in the mail a glossy brochure promoting the Clayoquot Sound United Nations Educational,…
MOST ACTIVE ISSUES, AUGUST 15-21
ExchgVol(000s)HighLowCloseChangeAlcoa*N 10919 38.50 36.05 37.40 + 0.49…
Radius drills Lupita
Vancouver — Junior Radius Explorations (RDU-V) has tabled low-grade results from two more holes at the Lupita zone on its Tambor gold project in Guatemala. The Simon Ridgway-led company is now drilli…