GREATEST VALUE TRADED, July 19-25
ExchgVal($000s)HighLowCloseChangeAlcoa*N 313679 32.31 30.19 31.31 + 1.00…
News
Noranda fast-tracks Matagami discovery
Three zinc-copper zones in the Matagami camp of northwestern Quebec are taking the shape of a promising target for Noranda (NOR-T).Thirty-five holes were recently sunk in the Equinox, Perseverance and…
Cominco posts profit in quarter
Operating profits at the Red Dog mine in Alaska and the Trail smelter in British Columbia propelled base metal titan Cominco (CLT-T) to substantial earnings in the second quarter.The company posted a …
Breakwater basks in profits
Zinc producer Breakwater Resources (BWR-T) is basking in profits this year, even while adding the Bouchard-Hbert and Langlois mines in Quebec to its roster of worldwide operations.The Toronto-based c…
EVENTS (July 31, 2000)
Aug. 6-17 31st Int’l Geological Congress and Scientific Exhibits — Rio de Janeiro, Brazil. Contact Secretariat Bureau. Tel: +55 21 295-5847. Fax: +55 21 295-8094. E-mail: 31igc@31igc.org.br.
Phelps Dodge beats estimate
Phelps Dodge (PD-N) posted better-than-expected second-quarter earnings of US$4.5 million (or 66 per share) before restructuring charges and non-recurring items of US$52 million.In late June, the com…
Barrick
Rex Diamond Mining (RXD-T) and De Beers Consolidated Mines (DBRSY-Q) have signed a preliminary agreement to explore the Akchar permit in Mauritania, northwestern Africa.For more than three years, Rex …
San to drill near Bissett
Winnipeg-based San Gold Resources (SGR-W) has launched a major exploration program on its property near the producing Bissett mine in northern Manitoba.The $500,000 program will consist of basal till …
News – 31-JUL-00 (July 31, 2000)
Mentor steps up work in Quebec
Armed with more than $10 million in working capital, Mentor Exploration & Development (MV-T) has acquired three gold projects in northern Quebec.About $400,000 will be spent this year on the Lac Corve…
Las Cristinas hurts Placer’s performance
Burdened with a US$116-million writedown on the Las Cristinas property in Venezuela, North America’s third-largest gold mining company posted a loss in the second quarter.”Writing off Las Cristinas hu…
Inmet stays profitable in second quarter
Continued strong earnings from its Cayeli mine in Turkey allowed Inmet Mining (IMN-T) to post earnings of $2 million, or 3 per share, on revenue of $24.9 million in the second quarter.The profit was …