Hunt find raises hopes for gold camp in Manitoba
Vancouver — There’s gold in them thar Churchill-Superior Boundary zone rocks. The discovery, by International Curator Resources’ (IC-T), of the Hunt deposit, 120 km northeast of Thompson, Man., prove…
Homestake Mining Company
FPO Hemlo seen as ripe for consolidation
The much-anticipated consolidation that’s shaking up the gold industry is capturing the attention of investors and mining executives alike. Although most of the attention is focused on activities at t…
Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Hushovd’s exit fuels speculation over Falco’s future
The biggest surprise of the Feb. 20-26 report period was the sudden departure of long-time Falconbridge president and CEO Oyvind Hushovd, which apparently was related to a conflict with the management…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Barrick’s 2001 post-merger output on target
Barrick Gold (ABX-T) met its 2001 production target with output of 6.1 million oz. gold at US$162 per oz.The world’s biggest gold miner in terms of market capitalization, which recently merged with Ho…
Newmont triumphs over AngloGold
South African producer AngloGold (AU-N) has failed to sway enough shareholders to remain in the battle for Normandy Mining (NDY-T), giving Newmont Mining (NEM-N) a clear path to victory.The…
Munk, James enter Canadian Mining Hall of Fame
Two giants of the Canadian mining industry, Peter Munk and William James, were welcomed into the Canadian Mining Hall of Fame during the 14th annual ceremony and dinner, held at the Royal York Hotel i…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…
Northern Miner Indices (January 07, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Starfield sets sights on high-grade zone
Vancouver — Armed with $1.6 million, Starfield Resources (SRU-V) is preparing to explore the newly discovered high-grade zone on the Ferguson Lake copper-nickel-platinum-palladium project in Nunavut….