Goldcorp revises Red Lake forecast
Higher head grades have prompted Goldcorp (G-T) to increase its 2001 production forecast for the Red Lake mine in Ontario.The mine, which re-entered commercial production on Jan. 1, is now expected to…
News
Correction (January 22, 2001)
Placer Dome (PDG-T) has placed the Cerro Casale gold-copper project on hold because of low gold prices. However, the major still holds the right to acquire a 51% stake in the Chilean project owned joi…
News – 22-JAN-01 (January 22, 2001)
PEOPLE (January 22, 2001)
Alcan Aluminium — William Blundell appointed interim president and CEO.Nord Pacific — Leland Erdahl appointed director, chairman, president and CEO.Tan Range — Oliver Lennox-King, Albe…
Ventersdorp study under way
In preparation for their proposed merger, Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have initiated a prefeasibility study at the latter’s Ventersdorp diamond project in South Afri…
Wallbridge sees continuity in Parkin nickel project
Drilling by Wallbridge Mining (WM-T) on the Parkin dyke, 65 km northeast of Sudbury, Ont., is indicating that known mineralization is continuous at depth and that the mineralized zones may plunge to t…
Corriente confirms copper core at Panantza project
Vancouver — The final results from a 17-hole drill program targeting the Panantza porphyry system in southern Ecuador has junior Corriente Resources (CTQ-T) considering a stand-alone operation.Previo…
Undermining gold
After investigating the sale of a substantial portion of the United Kingdom’s gold reserves, Britain’s National Audit Office (NAO) has concluded that the auction method used was more suitable than the…
MOST ACTIVE ISSUES, JAN. 10-16
ExchgVol(000s)HighLowCloseChangeWilliam ResT 30250 0.05 0.04 0.04 + 0.00…
Aurora drills nickel sulphide targets in Quebec
Vancouver — Encouraging results from last year’s drilling on the Midrim and Foy properties have prompted junior Aurora Platinum (ARP-V) to intensify its hunt for nickel sulphides in Ontario and Quebe…
Northern Miner Indices (January 22, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Rubicon still hopeful at Lewis Lake
Vancouver — Despite disappointing results from a 13-hole drilling phase, Rubicon Minerals (RMX-T) intends to persevere at its Lewis Lake base metal property in north-central NewfoundlandThe 2,534-met…