Sadiola Hill gold mine has record year
Western Mali’s Sadiola Hill gold mine, owned by AngloGold (AU-N), Iamgold (IMG-T), and the Malian government, has finished a record year of production.Sadiola poured 611,442 oz. gold in 2000, a record…
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LME Warehouse Levels (March 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 27/01 (change from Feb. 20 in brackets):MetalStock(tonnes)ChangeAluminium477075(…
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
South African output slides
Vancouver — Last year was not a memorable one for the world’s No. 1 gold-producing country. Low gold prices saw South Africa post its lowest annual output in almost 50 years.The country’s Chamber of …
Nord Resources files for reorganization
Nord Resources (NRDS-O) has filed a reorganization case under chapter 11 of the U.S. bankruptcy code to enable it to develop the Johnson Camp copper mine, near Tucson, Ariz.In mid-January, Nord announ…
Breakwater ends year with mixed results
Zinc miner Breakwater Resources (BWR-T) posted a $13.5-million loss for 2000 despite recording its highest revenue yet: $319 million. The 16-per-share loss compares with 1999 earnings of $22.5 millio…
Silver increase fails to save Coeur
Denver — Despite producing a record amount of silver, Coeur d’Alene Mines (CDE-N) incurred a net loss of US$45.8 million (or $1.29 per share) in 2000, compared with a net loss of US$38.9 million ($1….
Taseko gains Harmony project
Vancouver — As part of the proposed reorganization of Misty Mountain Gold (MGL-V), junior Taseko Mines (TKO-V) has inked a deal to pick up the Harmony gold project in British Columbia.”This reorganiz…
Odds ‘n’ sods: Bill Bouck – legal eagle
William Bouck was a low-key but influential lawyer, who tended to work behind the scenes. I can remember him being in the Elliot Lake and Blind River area of Ontario only once — at the opening ceremo…
Northern Miner Indices (March 05, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Metal Prices (March 05, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 27Feb. 26Feb. 23Feb. 22Feb. 21Aluminium1562.50…
Spot Prices Wed. February 28, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.00+$7.70Silver$ 4.43+$0.01Platinum$613.00+$6.00…