Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …
2001
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…
The Northern Miner — North American Mining Index (February 19, 2001)
68.34 (-0.95)(Sept. 30/98 = 100)…
CDNX continues upswing (February 12, 2001)
Vancouver — Canada’s junior exchange continued its bull run, posting modest gains on all indicies during the report period ended Feb. 6. The Canadian Venture Exchange composite index added 49.66 poin…
Virginia, Billiton cut PGMs at Gayot
Junior Virginia Gold Mines (VIA-T) and its partner, Billiton, have drilled wide intersections of nickel, platinum and palladium mineralization at their Gayot project in Quebec’s Caniapiscau Reservoir …
Dale Hoffman
Dale Hoffman, president and chief executive officer of Vancouver-based JNR Resources, United Carina and Pine Channel Gold, has died. He was 60.Hoffman was born in December 1940 in North Battleford, Sa…
Yukon at disadvantage
As a strong advocate of the resource industry, I think potential investors should be fully aware of the lopsided playing field that exists here in the Yukon.The present status of mining development he…
TSE Short Positions (February 12, 2001)
Short positions outstanding at January 31, 2001Larger individual positions include: Abitibi-Consolidated Inc. 1,724,257 up 355,553; Anderson Exploration Ltd. 2,538,879 up 542,252; Barrick Gold Corp.
Ashanti ups output in West Africa
Denver — Ashanti Goldfields (ASL-N) has posted record gold production and improved operating costs for the fourth quarter.Production topped 1.7 million oz. gold in 2000, up from 1.6 million oz. in 19…
Record palladium prices propel Stillwater Snap Lake
Denver — Stillwater Mining (SWC-X) posted record earnings for the fourth quarter on the strength of buoyant prices of platinum and palladium.The company earned US$23.5 million (or 60 per share) in t…