Placer Dome unveils value-creation strategy
Low prices have forced most gold companies to focus on their bottom line rather than on top-line growth, and Placer Dome (PDG-T) is no exception. Although this strategy produced record revenue of US$1…
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Noranda dragged down by Falco
Noranda (NOR-T) saw its earnings chopped 65% in the first quarter, largely as a result of labour problems in Sudbury, Ont., and slumping metal prices.The major posted a profit of $24 million (8 per s…
Environmental imperialism
United Nations agencies, non-government organizations (NGOS) and environmental non-government organizations (ENGOs) can’t be faulted for wanting to preserve rapidly disappearing wilderness. After all,…
Gold price might rise: survey
There is a growing possibility that the price of gold will break out of the US$256-to-$273-per-oz. range witnessed in the first quarter, according to Gold Survey 2001, published by U.K.-based Gold Fie…
Odds ‘n’ Sods: Remembering the ‘Queen Bee’ Viola MacMillan
The timing of my first column in a new, intermittent series examining mining personalities and major discoveries is auspicious for several reasons. From the Ground Up, the authorized biography of Viol…
Sideways-trading takes hold
Although several positive fundamental factors emerged from the U.S. during the report period April 23-27, these were offset by negative ones worldwide, such as weakening fundamentals in the Asian regi…
Spot Prices Wed. MAY 2, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.00+$1.05Silver$ 4.39-$0.05Platinum$603.00-$…
Exchange Rates (May 07, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 1April 30 April 27April 26April 25US$ in C$1.53381.53561.5417…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
AngloGold shines in quarter
Denver — A solid operating performance by AngloGold (AU-N) in the first quarter translated into income of US$43 million (or 40 per share), compared with a loss of US$18 million (16 per share) in th…
Golds picking up in quiet market
The report period ended May 1 was a quiet one for the Toronto Stock Exchange, with the TSE 300 composite index up fractionally at 7,946.33 points for a gain of 54.66 points, or 0.7% of value.What was …
More stones at Fort la Corne
Based on results from last year’s bulk-sampling of two kimberlites at the Fort la Corne project in Saskatchewan, partners Kensington Resources (KRT-V) and De Beers Consolidated Mines (DBRSY-Q) are c…