TSE Short Positions (February 11, 2002)
Short positions outstanding at January 31, 2002Larger individual positions includeAgnico-Eagle 2,367,151 up 213,497; Alcan Inc. 1,411,774 up 304,058; Barrick Gold 11,520,490 down 1,009,95…
News
High River posts record production (February 11, 2002)
During 2001, High River Gold Mines (HRG-T) produced a record amount of gold from its 50%-owned New Britannia mine in Manitoba and from the mines of Buryatzoloto, a Russian company in which High River …
Gold symposium set for Lima
Peru’s principal organization for the mining industry, the Sociedad Nacional de Mineria, Petroleo y Energia (SNMPE), will hold the fifth International Gold Symposium in Lima from May 14 to 17.The symp…
Japan closes last coal mine
After 82 years, the Taiheiyo coal mine in Kushiro, Japan, has shut its doors. The closure, and with it, the loss of about 1,000 jobs, is attributed to high production costs and cheap imports.Kushiro w…
Dynacor sampling confirms gold
Sampling of old workings by Dynacor Mines (DYN-V) has confirmed gold grades at the Tumipampa property in the Peruvian Andes.Of 45 vertical exploration shafts sampled in the last half of 2001, 14 carri…
Base metals prices confound expectations
After a week (Jan. 28-Feb. 1) which saw copper move from severe vulnerability to the strongest technical close in more than six months and aluminum climb above US$1,400 per tonne, the base metals comp…
Inco may write down Voisey’s: Research Capital
In a report titled Inco: High-Quality Assets in a Leading Company, analysts Barry Allan and Oscar Cabrera of Toronto-based brokerage house Research Capital put forward figures that suggest the nickel …
NAME CHANGES (February 11, 2002)
Dejour Mines (DEJ-V) has changed its name to Dejour Enterprises (DJR-V) on a 1-new-for-15-old-share basis.Silverstone Resources (SVT-V) has changed its name to Sorel Ventures…
Falling Metal Prices sour Inco’s fourth-quarter earnings
Sliding prices for nickel and copper pulled Inco (N-T) into the red for the fourth quarter of 2001.The company reported a US$5-million loss (or US7 per fully diluted share), compared with a profit of…
More drilling at Footwall
Vancouver — Junior Aurora Platinum (ARP-V) has resumed drilling on the promising Footwall copper-nickel-platinum-palladium property near Sudbury, Ont.The 2,700-metre program is testing the immediate …
Radius explores Guatemalan projects
Vancouver — Having optioned its Tambor property to South African major Gold Fields (GOLD-Q), Radius Explorations (RDU-V) is busy developing other gold prospects along the Montagua fault trend in Guat…
Record output for Rio Narcea
Rio Narcea Gold Mines (RNG-T) poured a record 124,363 oz. gold at an estimated cash cost of US$190 per oz. from its El Valle operation in Spain during 2001, and the company says it expects to produce …