Seabridge picks up Tundra
Vancouver — Seabridge Resources (SEA-V) has inked a deal with Newmont Mining (NEM-N) and Total Resources to pick up the Tundra gold project in the Northwest Territories.Situated 150 km north of Yello…
Noranda Inc
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …
Noranda idles Bell Allard
Citing low metal prices and high inventories, Noranda (NRD-T) has decided to close its Bell Allard underground zinc mine for one month. The Matagami, Que., mine will be shut down beginning on June 29….
Pac Booker tables results
Vancouver — Ongoing drilling at Noranda’s (NRD-T) Morrison copper-gold porphyry deposit in British Columbia continues to show good continuity for operator Pacific Booker Minerals (BKM-V).The latest f…
Falco starts year in the black
Higher production, lower costs and rebounding metal prices translated into a better-than-expected first quarter for Falconbridge (FL-T).The major earned $20.4 million (or 10 per basic and fully dilut…
Noranda barely profitable in Q1
Higher metal production did not translate into healthy profits for Noranda (NRD-T) during the first quarter.The company posted earnings of $1 million (or a loss of 2 per common share after preferred-…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Cornerstone explores central Nfld
Junior Cornerstone Capital Resources (CTP-V) is gearing up to renew exploration at its Paul’s Pond and Island Pond gold properties in central Newfoundland.Paul’s Pond overlies 7.5 sq. km of the Ordovi…
Silver Standard boosts Challacollo (April 08, 2002)
Vancouver — Results from a 7-hole drill program have increased the economic prospects of the the Challacollo silver-gold property in northern Chile.Silver Standard Resources (SSO-V) carried out the 7…
Monument Bay yields high grades
The first hole reported from an ongoing drill program at Monument Bay, Man., assayed nearly an ounce of gold over 2.35 metres. The project is shared between Wolfden Resources (YWO-V) and Bema Gold (BG…
Financings top up juniors’ treasuries
Vancouver — With investor interest in gold and base metal stocks picking up, several juniors are adding much-needed funds to their coffers by issuing shares.In an effort to speed up development of th…
PDAC 2002 cautiously upbeat
Cautiously upbeat may well describe the mood of delegates attending this year’s convention of the Prospectors & Developers Association of Canada (PDAC).John Steele, the association’s president, set th…