Stillwater posts record earnings
Stillwater Mining (SWC-X) has posted record earnings on the strength of higher commodity prices and a late surge in productivity at its namesake platinum-palladium mine in southwestern Montana.For the…
News
Pascua adds 22% to Barrick’s reserves
Eschewing grassroots exploration in favour of a tightly focused district development program, Barrick Gold (ABX-T) plans to spend US$90 million this year to increase reserves near its existing mines a…
Variety adds spice to Teck
While analysts tend to prefer so-called “pure” metal plays, Teck’s (TEK-T) emphasis on product diversification has smoothed out much of the impact that cyclical price swings have on single commodity p…
El Peon mine up and running
In the span of only 10 months and at the relatively low capital cost of US$77 million, Meridian Gold (MDG-N) has succeeded in developing its El Peon mine, 160 km southeast of this coastal city. The r…
Falco ends on high note Noranda earnings soar
Falconbridge (FN-T) more than quadrupled earnings in the final quarter of 1999, thanks to higher production and rejuvenated base metal markets.Net earnings topped $93.9 million (or 51 per share) on r…
Cominco posts stellar results
Aided by the recent rally in base metal prices, Cominco (CLT-T) roared back into the black during 1999, ending a 2-year downturn that had battered its bottom line.The major zinc producer earned $131 m…
Writedown dampens Battle Mountain’s results
The writedown of its interest in the Crown Jewel gold project in Washington state, combined with losses related to its interest in Niugini Mining, pushed Battle Mountain Gold (BMG-N) into the red for …
No Headline (February 14, 2000)
Precious metals in the limelight
Precious metals took centre-stage in the 5-day report period ended Feb. 4. Gold prices pushed sharply higher on Feb. 4, eventually reaching a peak of $318 per oz. in Far East trading early on Feb. 7, …
Cortez, Granny Smith bolster Placer Dome
The Cortez mine in Lander Cty., Nev., retained its status as the lowest-cost gold producer in North America during 1999, contributing to a year of record production for 60%-owner Placer Dome (PDG-T).T…
Spot Prices Wed. February 9, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$306.00+$22.90Silver$ 5.36+$0.15…
Rebirth of the Emerald mine
I well recall those early days in the office of Canadian Exploration and Placer Development in Vancouver. Les Batten, Jerry Christie and I occupied a single small office adjacent to the large rooms of…