Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
News
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…
The Northern Miner — North American Mining Index (February 19, 2001)
68.34 (-0.95)(Sept. 30/98 = 100)…
CDNX continues upswing (February 12, 2001)
Vancouver — Canada’s junior exchange continued its bull run, posting modest gains on all indicies during the report period ended Feb. 6. The Canadian Venture Exchange composite index added 49.66 poin…
News – 12-FEB-01 (February 12, 2001)
De Beers Canada Mining has filed for a water licence and land-use permit to develop an underground diamond mine at Snap Lake in the Northwest Territories.The move came just days after the Canadian sub…
Sopko retiring as Inco’s profit soars
Just hours after the company tabled a stellar US$400-million profit for 2000, Inco (N-T) Chairman and Chief Executive Officer Michael Sopko announced he will step down from both positions immediately …
Latitude eyes option in Oregon
Denver — Junior Latitude Minerals (LTU-V) has signed a 60-day option agreement to acquire the Golden Revenue property in southwestern Oregon.The company is carrying out due diligence work, including …
GREATEST VALUE TRADED, JAN. 31-FEB. 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N 851224 38.45 35.36 37.24 +1.82…
Radius discovery advances El Tambor
Guatemala City, Guatemala — Trench-sampling over 15 sq. km of the El Tambor project in Guatemala has outlined a new gold discovery for junior Radius Exploration (RDU-V).Over the past year, the Simon …
Falco posts record earnings despite strike
Higher metal prices and increased low-cost production from its new Raglan and Collahuasi mines offset the effects of an ongoing strike at its Sudbury operations, enabling Falconbridge (FL-T) to post r…
Barrick takes US$1.1b hit against 2000 earnings
As expected, Barrick Gold (ABX-T) wrote-down the value of some of its assets by a total of US$1.1 billion to reflect the reality of lower gold prices in recent years and to prepare for the possibility…