Higher output at Red Lake
Thanks to unexpectedly high headgrades, the Red Lake gold mine in northwestern Ontario is exceeding the production forecasts of its owner, Goldcorp (G-T).The mine, which began commercial production on…
News
Northern Miner Indices (April 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Golden Star boosts interest in Bogoso
Denver — Golden Star Resources (GSC-T) has agreed to acquire its partner’s stake in the Bogoso gold mine in Ghana in exchange for 3 million shares of the company.Australia’s Anvil Mining will transfe…
Letter to the Editor: Columns rekindle memories
I would just like to tell you how much I enjoyed Dit Holt’s series of columns on the pioneers of Elliott Lake.I was raised in the townsite of Preston East Dome Mines. I was quite young during the back…
Official reserves decline
The most recent compilation of official-sector gold holdings by the World Gold Council shows the world’s central banks and international finance agencies holding slightly less gold compared with year-…
Trivalence boosts output
Vancouver — The first quarter of 2001 was a good one for Trivalence Mining (TMI-V): diamond production at its two African operations increased 72% over the comparable period last year.Driving the inc…
Kat kimberlite proves diamondiferous
Winter drilling on the Kat diamond joint-venture project in the Attawapiskat region of northern Ontario has drawn to a close.Navigator Exploration (NVR-V) tested 10 geophysical targets in a program sp…
Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
Mining index drives CDNX higher
Vancouver — Canada’s junior exchange staged a strong rally, led by a triple-digit gain in the mining index, during the report period ended April 11. The Canadian Venture Exchange’s composite index cl…
TSE Short Positions (April 16, 2001)
Short positions outstanding at March 31, 2001Larger individual positions include:Alcan Inc. 938,368 down 102,162; Anderson Exploration Ltd. 4,609,007 up 196,810; Barrick Gold Corporation…
Smaller top line throws Rio Narcea for a loss
The combination of a lower gold price and a production shortfall at the El Valle mine in northwestern Spain resulted in a US$4.8-million loss for Rio Narcea Gold Mines (RNG-T) in 2000.The loss include…
AMF, Anglo cut new deal at Kolwezi
A more stable political climate in the Democratic Republic of Congo has enabled America Mineral Fields (AMZ-T) and Anglo American (AAUK-Q) to rework their deal to process the country’s Kolwezi tailing…