Suncor expands with Project Millennium
Suncor Energy (SU-T), Canada’s third-largest integrated oil company, is in the midst of a massive expansion of its Oil Sands operation, north of Fort McMurray, Alta., a move that should see the compan…
News
Uranium Power targets basement rocks for oil
Vancouver — Uranium Power (URMP-C) is searching for oil under the Athabasca Oil Sands near Fort McMurray, in northern Alberta.The Athabasca Oil Sands deposit is the world’s largest hydrocarbon deposi…
Teck takes hit in Q1
Vancouver — Poor base metal prices coupled with lower profits from power sales at Trail, B.C., substantially cut into Teck Cominco’s (TEK-T) net earnings during the first quarter.The major raked in a…
Diamond potential near Wawa lures big guns
An unusual diamond occurrence near Wawa in northern Ontario is attracting the attention of De Beers and Kennecott Canada Exploration.A package of unassuming Archean alkaline metavolcanic rocks is yiel…
WMC puts split vote on hold (April 29, 2002)
Diversified Aussie miner WMC (WMC-N) will postpone a vote by shareholders on a plan to divide into an aluminum unit and a diversified metals unit.Regulatory approval from the U.S. Securities & Exchang…
Majors come up empty in Otish Mountains
The Canadian diamond division of BHP Billiton (BHP-N) has failed to turn up any significant results following a first round of drilling that tested 18 various pipe-like geophysical anomalies on Majesc…
NAME CHANGES (April 29, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Consolidated Logan Mines (CKO-V) has changed its name to Logan Resources…
Eldorado expands zone at Kisladag
Vancouver — The first 20 holes of a recently completed 29 hole drill program on Eldorado Gold’s (ELD-T) Kisladag project in west-central Turkey has expanded the area of known mineralization.Designed …
Research for the masses
Last week we examined the unhappy case of Merrill Lynch, which is now the subject of an inquiry by New York State securities regulators and prosecutors. Evidence presented by the state has called the …
News – 29-APR-02
Silver output soars for Coeur
Vancouver — Production from both the newly commissioned Cerro Bayo mine in Chile and the recently acquired Martha mine in Argentina has Coeur d’Alene Mines (CDE-N) set to increase silver output by 50…
Gold price fortifies Placer’s quarter
Vancouver — Higher gold prices and lower cash costs propelled Placer Dome (PDG-T) to a healthy profit in the first quarter of 2002, despite an 8% drop in production.The major earned US$43 million (or…