Agnico-Eagle buoyed by Q1 profits
Agnico-Eagle Mines (AGE-T) returned to profitability in the first quarter of 2002, after finishing 2001 with a loss of US$7.7 million.Net earnings in the recent quarter totalled US$477,000 (or 1 per …
2002
GREATEST VALUE TRADED, MAY 1-7
ExchgVal($000s)HighLowCloseChangeBarrick GoldT58177834.0030.7032.32+0.67…
AngloGold lowers costs (May 13, 2002)
Vancouver — In the first quarter, AngloGold (AU-N) felt the impact of the sale of its high-cost mines in South Africa as production dropped 340,000 oz. However, cash costs improved considerably to US…
Gold Funds (May 13, 2002)
Gold Funds as at May 2, 2002Dundee Precious MetalsCentral FundNet Value$21.88$5.75Price$16.75$6.16…
Bloom defends article
In a letter to the editor that appeared last week, William Johnson claimed that my article “Fusion key step in fire assaying for PGEs” (T.N.M., Feb. 25-March 3/02) contained a plagiarism. I feel oblig…
The legend of Henry Levac
Henry P. Levac, a well-known woodsman in the Canadian exploration community, died recently. He was 75.Levac worked with dozens of geologists, engineers and geophysicists. In the field, he was renown f…
Mining deaths rise in South Africa
Ninety-four workers died at South African mines in the first quarter — 47% more than the 64 who died in the comparable period of 2001.Health and safety inspectors have responded by threatening to clo…
Hecla posts loss despite improved performance
Although gold production was up and cash costs were down at Hecla Mining (HL-N), the company still posted a loss for the three months ended March 31.Revenue of US$23.8 million translated into net earn…
Breakwater’s output up
Mining of higher-grade pillars at the soon-to-be closed Nanisivik mine on Baffin Island resulted in higher production and a smaller loss for Breakwater Resources (BWR-T) in the first quarter.For the t…
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…
Comaplex eyes Zopilote in western Honduras
Vancouver — Comaplex Minerals (CMF-T) can acquire a half-interest in the Zopilote deposit in western Honduras. The property is held by Doublestar Resources (DSR-V).To do so, Comaplex must spend $2.5 …
Northern Miner Indices (May 13, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…