Hibernation sends Richmont’s sales south
With revenue grinding down to a mere $863,306 during the first three months of 2001, junior Richmont Mines (RIC-T) posted a loss of $348,427, or 2 per share.That’s nonetheless an improvement over the…
News
Iodine supply forecast to rise
The supply of iodine is set to rise as producers in Turkmenistan refurbish and expand capacity, according to The Economics of Iodine (eighth edition), published by Roskill Information Services.The cou…
Boliden hits mark at Garpenberg
Underground drilling by Swedish miner Boliden (BLS-T) in the Garpenberg area of central Sweden has encountered “extensive mineralization.”The holes, sunk from the 900-metre level, aimed at the 850- an…
Semafo pours gold
Montreal-based junior Semafo (SMF-T) is celebrating its graduation to gold-producer status.On April 25, the company poured its first-ever ingot, weighing 8.8 kg, from its Kiniero open-pit gold mine in…
Cayeli, Troilus land Inmet in black (May 06, 2002)
Higher production at the Cayeli copper-zinc mine in Turkey and the Troilus gold mine in northern Quebec helped offset lower metal prices and powered Inmet Mining (IMN-T) to improved results during the…
LME Warehouse Levels (May 06, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 30 (change from April 23 in brackets):MetalStock (tonnes)ChangeAluminium1110850…
Producer and Dealer Prices (May 06, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.35/lb.Copper: Comex July US$0.739/lb.Indium: Indi…
TSE 300 index goes down as it goes out
The Toronto Stock Exchange 300 index went out with a fizzle rather than a bang, slipping 54.45 points over the April 24-30 report period to finish the week at 7,663.39, or 0.7% lighter.On May 1, the T…
TSE renames CDNX, revamps TSE 300 Index
It looks as if “rebranding” fever has hit the Toronto Stock Exchange hard.In a follow-up to its $50-million takeover of the Canadian Venture Exchange (CDNX) in May 2001, the TSE has renamed the junior…
Gold bars go missing
The management team of Harmony Gold Mining was more than a little puzzled after two 1-oz. gold bars went missing at a presentation of the company’s quarterly results in late April.The case of five gol…
PEOPLE (May 06, 2002)
Augusta — Christopher Jennings appointed director.Boliden — Sverker Martin-Lof appointed director.First Dynasty — Sanjay Dalmia appointed president and CEO.Fort Knox…
Recovery concerns grow
The U.S. economy is entering a critical period. Confidence in the recovery has begun to wane, economic data have failed to provide a completely comprehensive and convincing picture, and even better-th…