Precious metals get trading site
A consortium of mining companies, refiners and industrial users of gold, silver and platinum group metals will form an Internet-based precious metals marketplace.The site, to be known as Electronic Pr…
News
Yukon signs road pact with junior
The Yukon government has reached a road maintenance agreement with North American Tungsten (NAT) which supports the reopening of the CanTung mine.The Department of Community and Transportation Service…
GREATEST VALUE TRADED, AUGUST 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N49050939.3036.5137.00-2.23…
Iamgold profitable in second quarter
Still buoyed by the performance of the Sadiola Hill mine in western Mali, Iamgold (IMG-T) has posted second-quarter earnings of US$2.6 million (or 4 per share) on revenue of US$15.2 million.Sadiola, …
Eldorado Gold tables Sayacik drill results
A 4-hole program of reverse-circulation drilling by Eldorado Gold (ELD-T) has returned up to 8.2% copper over 5 metres at the Sayacik target, some 6 km southwest of the advanced Kisladag project in Tu…
Energy crunch cramps Eldorado’s performance
Vancover — Power restrictions in Brazil have slowed production at Eldorado Gold’s (ELD-T) Sao Bento mine and pushed the junior minor into the red.During the recent second quarter, Eldorado tabled a n…
Gold Funds (August 13, 2001)
Gold Funds as of August 2, 2001Dundee Precious MetalsCentral FundNet Value$13.30$5.14Price$9.35$4.69…
BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…
Analysts weigh prospects of base metal producers
The first half of 2001 was no picnic for base metal producers, and most mining analysts expect prices to remain weak and vulnerable to downward pressure from funds and speculators for the rest of the …
Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Niobec strike settled (August 10, 2001)
Hourly rated employees at the Niobec niobium mine in the Lac St.-Jean area of Quebec have returned to work followin…
McWatters getting highway moved at Sigma
McWatters Mining’s (MCW-T) intense lobbying of three levels of government to move a portion of the main highway tha…