De Beers’ ticket
De Beers Consolidated Mines seems to have succeeded in its bid for Winspear Resources, having jumped its own offer for the company and secured the approval of Winspear’s board of directors. So the Nor…
2000
Development begins at Earnscleugh
L&M Mining of Aukland, New Zealand, has accelerated development of its Earnscleugh gold project, on the west bank of the Clutha River, between Clyde and Alexandra.Perilya Mines of Western Australia ha…
TSE Shorts (August 14, 2000)
Short positions outstanding at July 31, 2000Larger individual positions include: Abitibi-Consolidated 934,994 down 209,467; Alcan Aluminium Ltd. 635,395 down 106,962; Barrick Gold Corp. 6,51…
Expansion brightens outlook for Tarkwa
The Tarkwa mine in southwestern Ghana, operated by Gold Fields (GOLD-Q), saw its production increase and its costs go down in the three months ended June 30, reaping the benefits of an earlier expansi…
Homestake hit by Eskay shortfall
A production shortfall at the Eskay Creek mine, north of Stewart, B.C., contributed to a disappointing second quarter for Homestake Mining (HM-N).The San Francisco-based company posted a loss of US$16…
Students plan platinum short course
Student chapters of the Society of Economic Geologists at Laurentian University and the Universities of Toronto and Western Ontario have arranged a 2-day short course on exploration for platinum group…
Dow charges, leaves gold behind
The Dow Jones industrial average climbed 369.94 points, or 3.5%, during the report period Aug. 2-8 to close at 10,976.89 on reeports that inflation remains in check.Spot gold on the Comex division of …
Northern Miner Indices (August 14, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…
African Minerals names Dummett CEO
Ivanhoe Capital’s privately held affiliate, African Minerals, has appointed Hugo Dummett chief executive officer and co-chairman.Dummett was formerly BHP Minerals’ senior vice-president and played a l…
Franco-Nevada boosts earnings
Gold-royalty company Franco-Nevada Mining (FN-T) is heading into its merger with Gold Fields (GOLD-Q) with higher revenue and earnings. In the three months ended June 30, Franco-Nevada earned $29.4 mi…
Solitario, Altoro show urge to merge
Solitario Resources (SLR-T) has replaced its takeover bid for Altoro Gold (ATG-V) with an agreement unanimously approved by both boards of directors.Under the plan, shareholders of Altoro will exchang…
Partners renew search for Nunavut gold
With several targets left to test, partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have renewed exploration at their Hope Bay gold property in Nunavut.The Hope Bay property covers nearly the…