Leaden copper prices sink Phelps Dodge
Denver — Lower copper prices and a production shortfall hampered the second-quarter performance of Phelps Dodge (PD-N), resulting in a loss of US$103 million before restructuring charges and non-recu…
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Cukurdere zone expanded
The latest results from reverse-circulation (RC) drilling at the Cukurdere project in central Turkey have confirmed previous values.Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-…
Barrick profits clipped
Lower production and higher power costs at key mines took a bite out of Barrick Gold’s (ABX-T) second-quarter earnings, but the major says it still expects year-end earnings to ring in at about US70 …
Golds nosedive but base metals stay afloat
The Toronto Stock Exchange moved modestly higher during the report period July 25-31, adding 103.18 points to finish at 7,689.69, for a gain of 1.4%.Base metal shares outpaced the broad market with a …
New offer could avert strike in South Africa
Harmony Gold and Goldfields have presented the National Union of Mineworkers (NUM) with a new offer in hopes of averting a strike at the companies’ South African mines, which employ about 50,000 worke…
Drilling tests Robert’s Arm
Drilling by Altius Minerals (ALS-V) is under way at Bumble Bee Bight on the Robert’s Arm property in northeastern Newfoundland.Inmet Mining (IMN-T) is funding the program, which will include at least …
Gold miners take a beating
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
Francisco expands oxides at Marlin
Vancouver — The final nine holes of a third round of drilling by Francisco Gold (FGX-V) have expanded the oxide go…
Anuri yields stones
About 276 kg of kimberlite core from the newly discovered Anuri kimberlite on Tahera’s (TAH-T) Rockinghorse propert…
Cameco revenues down
Lower deliveries of uranium meant lower revenues for Cameco (CCO-T), but the company still showed $12 million in ea…
Kinross narrows loss (August 03, 2001)
The losses of Kinross Gold (K-T) shrank in the recent second quarter, thanks to increased production and lower cash…
Eldorado looks to Turkey
Vancouver — With $16.2 million in bank debt and reduced output from its Sao Bento gold mine in Brazil, Eldorado Go…