Claude squeezes costs, maintains earnings
Gold producer Claude Resources (CRJ-T) finished the third quarter of 2000 with net earnings of $1 million and is on-track to turn a modest profit at year-end.Claude earned 3 per share on revenue of $…
News
BHP, Rio Tinto to expand Escondida
Denver — Partners Broken Hill Proprietary (BHP-N) and Rio Tinto (RTP-N) have approved a US$1.04-billion expansion that would increase annual copper output at the giant Escondida copper mine in northe…
Hope Bay resource smaller but better
Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have announced a resource estimate for their Hope Bay gold property, which is smaller but more reliable than previous estimates.Drilling at th…
Mazarin to buy Teck’s stake in Niobec
Industrial-minerals junior Mazarin (MAZ-T) has struck a deal to acquire Teck’s (TEK-T) half-interest in the underground Niobec niobium mine, 11 km north of Chicoutimi, Que.The Quebec City-based compan…
Prospect draws Sirios
A reconnaissance soil survey, performed by Sirios Resources (SOI-M) at its Tilly property near the LG-4 reservoir on the La Grande River in northwestern Quebec, has indicated several dispersion trains…
MOST ACTIVE ISSUES, NOV. 22-28
ExchgVol(000s)HighLowCloseChangeWilliam ResT 12265 0.09 0.07 0.07 -0.01…
GREATEST VALUE TRADED, NOV. 22-28 (December 04, 2000)
ExchgVal($000s)HighLowCloseChangeAlcoa*N 239457 28.00 25.88 27.81 +1.56…
DRC insists Afton ‘economic’
I would like to address the article “DRC’s drilling tests resource below pit at Afton” (T.N.M., Nov. 20/00) and correct a number of misleading comments. The overall negative tone and inaccurate inform…
Twin Gold gets nod for progress in northern regions
Exploration success by Twin Mining (TWG-T) has mining analysts keeping a close eye on developments at the junior’s wholly owned diamond projects: Torngat, on the Ungava Peninsula of northern Quebec; a…
LME Warehouse Levels (December 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 28/00 (change from Nov. 21 in brackets):MetalStock(tonnes)ChangeAluminium323900(…
Exchange Rates (December 04, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 28Nov. 27Nov. 24Nov. 23Nov. 22US$ in C$1.53691.53461.53921.5…
Repadre drops out of JV
Repadre Capital (RPD-T) has bowed out of the Night Hawk Lake joint venture, near Timmins, Ont.Subject to final approval, Repadre will sell its 60% interest to partners Cross Lake Minerals (CRN-T), Eas…