Minnesota deserves more credit
Add my name to the list of those who are perplexed and frustrated by the Fraser Institute’s recent survey of the geological and investment potential of various states, provinces and countries. In the …
2001
Coeur sheds Aussie subsidiary
Denver — Idaho-based Coeur d’Alene Mines (CDE-N) has pocketed US$15.6 million by selling its half-interest in Gasgoyne Gold Mines to Sons of Gwalia. Both Gasgoyne and Gwalia are based in Australia.Th…
Gold weighs on miners
Denver — The Dow Jones industrial average slumped 54.1 points, or 0.5%, to close at 10,903.32 for the report period ended Feb. 13, as Comex gold, on the New York Mercantile Exchange, slid to US$260.3…
GQ releases more diamonds
Caustic fusion analysis of the lastest samples from the GQ diamond property, near Wawa, Ont., has yielded more encouraing results for Band-Ore Resources (BAN-T).Last fall, Band-Ore collected 45 sample…
CDNX catches breath after bull run
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 13 as a modest gain in the oil and gas index failed to offset a downturn in the tech sector. The Canadian Venture Exchange lo…
Low prices frustrate Sunshine
Denver — The U.S. government has approved a newly amended plan of reorganization for Sunshine Mining & Refining (SSCF-O), though, with silver prices well below US$5 per oz., the company may have nowh…
Homestake posts record gold output
Denver — With gold production up, Homestake Mining (HM-N) has reported its lowest cash costs in more than two decades.Fourth-quarter production hit a record 589,100 oz. gold, up 9% from the correspon…
LME Warehouse Levels (February 19, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 13/01 (change from Feb. 6 in brackets):MetalStock (tonnes)ChangeAluminium452575(…
Base metals survive sinking composite index
The Toronto Stock Exchange performed dismally during the report period Feb. 7-13, with the TSE 300 composite index sliding 359.27 points in five trading days and finishing at 8,942.13. The banks and t…
Wheaton River wins approval for Bellavista
Clearing its last major regulatory hurdle, Wheaton River Minerals (WRM-T) has received final environmental approval to build its Bellavista open-pit, heap-leach gold mine in Costa Rica.Situated 20 km …
Gold Fields posts strong quarter
Denver — Cost-cutting measures and the weakening of the South African rand helped Gold Fields (GOLD-Q) post a profit in the fourth quarter of 2000.The company earned US$36 million (or 8 per share) d…
Canadian Zinc tables Prairie Creek study
Vancouver — Canadian Zinc (CZN-T) is considering ways to redevelop the existing mine and mill on the Prairie Creek property in the Northwest Territories.The scoping study, performed in-house using in…