Aur posts quarterly loss
Toronto-based Aur Resources (AUR-T) posted a net loss of $1.7 million on revenue of $26 million for its latest quarter ended March 31, compared with earnings of $526,000 on revenue of $23.6 million a …
News
Claude expands discovery at Seabee
Small-but-steady about sums up the production history of Claude Resources’ (CRJ-T) Seabee gold mine in northern Saskatchewan.In continuous production since 1991, the underground mine has produced an a…
EVENTS (May 22, 2000)
May 24-25 Cobalt Development Institute — “Cobalt Conference 2000.” Hotel Okura, Tokyo, Japan. Tel: +44 1483 578877. Fax: +44 1483 573873.E-mail: 101637.2106@compuserve.comMay 29-June 2 PanCanadian Pe…
Exall sinks into the red
Depressed prices and lower output translated into a 1999 loss for Exall Resources (EXL-T).Exall reported a loss of $1.1 million (or 4 per share) on revenue of $20.5 million, compared with earnings of…
Winspear appeals Camsell Lake ruling
The Camsell Lake soap opera continues. Winspear Resources (WSP-T) is appealing an April 10 ruling by Justice Duncan Shaw of the Supreme Court of British Columbia that Aber Resources (ABZ-T) can retain…
Lac des les: the early days
My father and mentor, Walter Baker, was undeniably one of the best prospectors ever to roam Canada. His favourite saying before each long field season was: “Over the next hill is mine.”Although my bro…
Gold’s value in forensics
A laser beam shot at a gold surface reflects back a signal more than a million times stronger than other metals. This phenomenon, known as Surface-Enhanced Raman Scattering (SERS), is now being used t…
Majors form online market
Fourteen of the world’s leading mining companies have joined forces to form an independent, global Internet-based marketplace for the procurement of materials and supplies.The venture is designed to b…
MOST ACTIVE ISSUES, May 10-16
ExchgVol(000s)HighLowCloseChangeAlcoa*N 8628 68.44 64.56 66.94 + 0.82…
Alcan closes Koralu deal
Alcan Aluminum has completed its acquisition of Aluminium of Korea (Koralu).The price tag was US$200 million in cash, with the understanding that Alcan will assume Koralu’s US$95-million debt.Koralu w…
BC rewards safety records
British Columbia Mines Minister Dan Miller recently presented safety awards to 16 mines at the 38th annual Safety Awards Banquet, held in Vancouver during Mining Week.For the second consecutive year, …
Nickel springs back as Inco strike nears
The May 10-16 report ended with a shadow being cast over the nickel market after workers at Inco’s Sudbury workers voted overwhelmingly in favour of a strike mandate.On May 16, union members handed th…