Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
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Starfield boosts Ferguson Lake (August 13, 2001)
Vancouver — Junior Starfield Resources (SRU-V) has revised its estimate for inferred resources at the Ferguson Lake copper-nickel-cobalt-platinum-palladium property, 160 km south of Baker Lake in Nun…
Producer and Dealer Prices (August 13, 2001)
Antimony: Mid-mkt US$1,015/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-10.15/lb.Copper: Comex Sept. US$0.669/lb.Indium: In…
Iamgold profitable in second quarter
Still buoyed by the performance of the Sadiola Hill mine in western Mali, Iamgold (IMG-T) has posted second-quarter earnings of US$2.6 million (or 4 per share) on revenue of US$15.2 million.Sadiola, …
Analysts weigh prospects of base metal producers
The first half of 2001 was no picnic for base metal producers, and most mining analysts expect prices to remain weak and vulnerable to downward pressure from funds and speculators for the rest of the …
Aurora hits sulphides
Vancouver — Aurora Platinum (ARP-V) has intersected a 16.5-metre zone of low-grade nickel sulphide mineralization 465 metres below Nickel Lake on the Foy Offset property in Ontario.Hole 2 cut 1.5 met…
Spot Prices Wed. August 8, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.50-$1.20Silver$ 4.16-$0.08Platinum$442.00-$…
Niobec strike settled (August 10, 2001)
Hourly rated employees at the Niobec niobium mine in the Lac St.-Jean area of Quebec have returned to work followin…
McWatters getting highway moved at Sigma
McWatters Mining’s (MCW-T) intense lobbying of three levels of government to move a portion of the main highway tha…
Philex trims losses
Vancouver — Despite higher production and increased grades at its Bulawan mine, low gold prices are prompting Phil…
General Minerals drops Escalones (August 10, 2001)
Vancouver — With a large lease payment due this month on the Escalones copper skarn project, Denver-based General…
Anglo approves Agnew budget
Vancouver — The world’s largest platinum-palladium producer has approved a $1.18-million budget for Pacific North…