Scoping study in-hand
Based on the positive results of a scoping study by AGRA Simons, Diamond Fields International (DFI-T) plans to proceed to a full feasibility study for its wholly owned Marshall Fork feature, near Lude…
News
Phelps Dodge drops Princess option
The Canadian unit of Phelps Dodge (PD-N) has elected not to extend its option on the Princess property in Newfoundland. The base metal project is wholly owned by Cornerstone Resources, which in turn i…
Charles Krause
Charles “Chuck” Krause, former vice-president of exploration for Campbell Resources, has died. He was 77.Krause was born in Williamsford, Ont. After a stint as a flight instructor and pilot with 418 S…
Geomaque puts mine on hold
Low gold prices have forced Geomaque Explorations (GEO-T) to suspend construction at its Vueltas del Rio project in Honduras.The Toronto-based company had planned to begin production in March, having …
NAME CHANGES (February 14, 2000)
American Gem (GEM-T) has changed its name to Digital Gem.
METAL PRICES (February 14, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 8Feb. 7Feb. 4Feb. 3…
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…
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…