Correction (May 28, 2001)
In our May 14-20 issue, we erroneously reported that the Algerian government is charging US$2,000 per line km of geological information. The correct charge is US$2 per line km.
News
Teck eyes Kantela, Shea
Teck (TEK-T) is funding an exploration program at Orezone Resources’ (ORZ-T) Kantela gold property in Mali.The major can earn 60% interests in the Kantela and Shea gold properties (the latter is in Gh…
McWatters reports quarterly loss
With mining suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) has posted a loss of $2.9 million (or 4 per share) on revenue of $13.2 million for the first …
River slips deeper in red
Low gold prices and grades combined with higher fuel prices to land River Gold Mines (RIV-T) $1.9 million in the red during the first quarter.The 6-per-share loss compares with a loss of $500,000, or…
Boliden (May 28, 2001)
May 30-June 1 Minerals North 2001: Exploring the Opportunities — At Best Western Terrace Inn, Terrace, B.C. Organized by Terrace Economic Development Authority. Contact Glenda Lamarche. Tel: (250) 63…
SouthernEra re-invents itself as PGM miner
Once attached exclusively to diamonds, SouthernEra Resources (SUF-T) has turned its attention to platinum group metals — in particular, the advanced Messina project in South Africa.SouthernEra made t…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Trilogy targets PGMs at Nunavut’s Muskox property
Vancouver — Junior explorer Trilogy Metals (TRG-V) is preparing to launch an ambitious drill program in search of platinum group metals (PGMs) and associated metal sulphides on its Muskox North prope…
Partners find new zone at Hope Bay in Nunavut
Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have found yet another mineralized zone at the Hope Bay gold project in Nunavut. Results from the newly discovered Suluk zone include a 19.4-m…
The Northern Miner — North American Mining Index (May 28, 2001)
84.04 (+5.48)(Sept. 30/98 = 100)…
Partners test PGE showings
Hoping to outline a platinum group metals deposit, Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have acquired a 2.6-sq.-km parcel of ground in the Thunder Bay region of Ontario.The pair s…
Cambior finally back on even keel
It’s been a turbulent year and half, but Cambior (CBJ-T) seems finally to have settled into a familiar pattern of gold production and respectable quarterly reports.Gold production attributable to the …