Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
2003
Miramar tallies Doris North study
Vancouver — An independent feasibility study of the Doris North gold deposit on the Hope Bay project in Nunavut calls for a 668-tonne-per-day operation and production of 311,693 oz. gold over a mine …
Agnico finds gold at Lapa
Drilling by mid-tier gold producer Agnico-Eagle Mines (AGE-T) at the Lapa property of Breakwater Resources (BWR-T), 11 km east of Agnico’s LaRonde mine in northwestern Quebec, has intersected extensio…
Fording battle ends in peace (January 20, 2003)
The heated battle for Calgary-based coal miner Fording (FDG-T) has ended with a truce that would see rival bidders combine their respective metallurgical coal assets under the banner Fording Canadian …
Geomaque and St Barbara offer Defiance
Toronto-based junior Geomaque Explorations (GEO-T) plans to merge with St Barbara Mines of Perth, Australia, to create an international gold mining company.The combined company would be called Defianc…
Tiberon tables Nui Phao prefeasibility (January 20, 2003)
Vancouver — Tiberon Minerals (TBR-T) has tabled a positive prefeasibility study of its 70%-owned Nui Phao polymetallic deposit in Vietnam.Based on an initial capital cost of US$140 million, annual th…
Cambior sharpens trimmers in ’03
With gold climbing to prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 800,000 oz. gold in 2003.The reduction would see the company’s hedge position drop t…
Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
Rosy forecast for base Metal Prices
Despite prevailing macro uncertainties we are expecting a substantial improvement in base metal prices this year.The risk remains that economic growth will continue to disappoint and that a second rec…
Greek gov’t suspends work at TVX’s Stratoni
Mining has been suspended again in parts of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessaloniki.The Greek Ministry of Development told the company the …
MOST ACTIVE ISSUES, JANUARY 8-14
ExchgVol(000s)HighLowCloseChangeSouth Am Gld&CT411310.130.080.10+0.03…
‘Six Sigma’ solves problems
The “Six Sigma” system has been around for some time. For those who have been out of the picture or are unaware of what Six Sigma is, I offer the following: it is the use of a rigorous, statistics-bas…