Newmont wraps up Franco acquisition
Newmont Mining (NEM-T) announced on Sunday that it has wrapped up one prong of its proposed three-way merger deal b…
News
Wildcat buys Bissett mine
Winnipeg-based Wildcat Exploration (WEL-V) has picked up the closed Bissett gold mine, in Bissett, Man., from South African mining house Harmony Gold Mines (HGMCY-Q).Wildcat will pay $5 million up-fro…
Exchange Rates (February 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6US$ in C$1.59181.58981.5974…
Stillwater boosts profits
Montana-based platinum producer Stillwater Mining (SWC-N) earned US$65.8 million in 2001 despite incuring an US$11-million restructuring charge in the fourth quarter.The US$1.68-per-share profit compa…
Noranda splashes red ink on 2001
Echoing the woes of its peers, Noranda (NRD-T) suffered huge losses in the final quarter of 2001 and even more during the entire year on account of weak metal markets.In the final three months of 2001…
Low macro results won’t dissuade Ashton
A small surface sample of kimberlite float and outcrop collected by Ashton Mining of Canada (ACA-T) from the promising Artemisia kimberlite pipe discovered last fall on the Kim property in Nunavut has…
News – 18-FEB-02
PEOPLE (February 18, 2002)
Algoma Steel — William Aziz, David Baird, Michael Cahr, Benjamin Duster, Patrick Lavelle, James Lawson, Robert Milbourne, John Kallio, Murray Nott and Douglas Olthuis appointed directors.Crew Develop…
Imperial seeks reorganization
Vancouver — Cash-strapped Imperial Metals (IPM-T) has presented a plan of arrangement to its creditors and shareholders that would clear off $10.7 million in liabilities.Under the plan, Imperial inte…
Ivanhoe now owns Mongolian project
Robert Friedland’s Ivanhoe Mines (IVN-T) has assumed 100% ownership of the Turquoise Hill copper-gold project in southern Mongolia after completing its earn-in obligations by spending US$3 million on …
Record production at Red Lake drives Goldcorp
Thanks to a full year’s worth of production from the Red Lake mine in northern Ontario, Goldcorp (G-T) has set a new annual production record.The gold miner cranked out 607,403 oz. last year at a cash…
Randera joins Chamber of Mines of South Africa
Dr. Mohamed Fazel Randera has been appointed health advisor for the Chamber of Mines of South Africa.Previously, Randera was inspector general of the country’s Intelligence Services and served as comm…