Juniors keep exploration (barely) alive BC
Vancouver — Despite the implementation of one of the most attractive incentive programs in the country, mineral exploration in Canada’s westernmost province failed to ignite in 2002.In 2001, total fi…
Noranda Inc
Horne strike hits CCR refinery (November 04, 2002)
Noranda (NRD-T) intends to cut staff at its CCR refinery in Montreal by about 15%, citing revenue losses caused by striking workers at its Horne copper smelter in Rouyn-Noranda, Que.The smelter normal…
Resource stocks mixed as broad markets gain
The Toronto Stock Exchange Composite index coasted through the Oct. 23-29 report period, rising a mere 3.15 points to finish the week at 6,294.81.Gold was up US$3.75 in overseas markets, landing at a …
Sherritt, Ontario Teachers put Fording on notice
Fording, Canada’s largest producer of export coal, took centre-stage in the Oct. 16-22 report period, becoming the latest takeover target of Sherritt International and the Ontario Teacher’s Pension Pl…
Explorers ride silver wave in Mexico
Vancouver — Latin American massive sulphide deposits have emerged from the shadows over the past decade, and explorers, despite facing historically low base metal prices, continue to advance discover…
Barrick cuts forecast, shares plunge (October 07, 2002)
A double whammy of lowered earnings expectations and a sagging bullion price sent shares of Barrick Gold (ABX-T) reeling on Sept. 26.The company’s issue opened the day $2.42, or 8.6%, lower in Toronto…
Noranda dismounts Caballo Blanco (October 07, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property in eastern Mexico, near Veracruz.To earn its interest, the major had agreed to complete …
Seabridge lures Noranda to BC
Vancouver — Junior Seabridge Gold (SEA-V) has signed a deal enabling Noranda (NRD-T) to earn a majority stake in the Kerr-Sulphside gold-copper project in northern British Columbia.Under the agreemen…
Noranda nixes Montana silver project
Faced with slumping metal prices, Noranda (NRD-T) has decided to discontinue work at at the Montanore copper-silver project in northwestern Montana after an updated feasibility study deemed the projec…
Collahuasi, Lomas Bayas firm up Falco earnings (July 29, 2002)
Higher sales volumes combined with newfound production from the Lomas Bayas mine in Chile to keep Falconbridge (FL-T) financially steady during the three months ended June 30.The company earned more t…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Noranda, Falco swap execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with the reshuffling of top-ranking officials.Earlier this year, Falco’s board of directors signalled its decision to allign itself…