Codelco opts out of Disputada bid (March 04, 2002)
Vancouver — With copper miners eyeing further production cuts, Corporacion Nacional del Cobre de Chile (Codelco) h…
News
Anaconda squeezes Sherritt’s earnings (March 04, 2002)
A $23.4-million, fourth-quarter writedown related to its stake in problem-plagued Aussie nickel miner Anaconda Nick…
Patrician stakes land in N.W.T
Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property 550 km northwest of Ye…
Fort Knox, Dynatec launch $14m program
Vancouver — Fort Knox Gold Resources (fnx-t) and Dynatec (DY-T) have inked a joint-venture agreement to explore, develop and potentially mine five nickel-copper properties in the Sudbury district of …
Higher cash flow buoys Cambior
Despite taking a US$5.4-million writedown on its Omai gold mine in Guyana, Cambior (CBJ-T) managed to post a profit during the last three months of 2001. It was the first time the Montreal-based compa…
Northern Miner Indices (March 04, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…
Daily Metal Prices (March 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20Aluminium1366.50…
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
News – 04-MAR-02
Coeur d’Alene reduces losses (March 04, 2002)
Vancouver — Debt restructuring helped Coeur d’Alene Mines (CDE-N) trim its losses in 2001.The Idaho-based company posted a loss of US$3.1 million (or US7 per share) for the year, compared with a los…
Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Gold Funds (March 04, 2002)
Gold Funds as of February 21 2002Dundee PreciousCentral MetalsFundNet Value$18.07$5.63Price$13.50$6.