Hedging keeps Cambior in black
Despite lower production, Montreal-based Cambior (CBJ-T) remained in the black during the second quarter, owing to a successful gold-hedging program.The company earned US$100,000 on revenue of US$80 m…
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Battle Mountain reports mixed quarter
Although Battle Mountain Gold (BMG-N) achieved all of its production goals in the second quarter, weak gold prices prevented the Houston, Tex.-based miner from realizing a profit.The loss amounted to …
TSE INDICES (August 09, 1999)
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Greenstone in default
Having recently defaulted on debt payments, Greenstone Resources (GRE-T) is engaged in discussions with its bondholders and lenders aimed at recapitalizing the company and ensuring its ability to cont…
Canmine aims to acquire plant
The problem-plagued Cobatec hydrometallurgical plant and refinery near Cobalt, Ont., is about to change hands.Canmine Resources (CMR-T) plans to buy the cobalt-nickel processing plant for $6.1 million…
Cominco frustrated by closure of Highland Valley
The doors of the Highland Valley copper mine in southern British Columbia remain closed, following an unsuccessful attempt by the owners to reach an agreement with unionized workers.Highland Valley Co…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE loses more steam over holiday-shortened period — Winspear still volatile following Snap Lake results
The Vancouver Stock Exchange composite index slid 3.62 points, or 0.9%, to finish the holiday-shorted week ended Aug. 3 at 415.15. The mining index added 1.59 points, or 0.6%, to close at 275.33.Meanw…
Bema tables new production estimate for Refugio
Improved mining methods and new processing equipment will boost gold production at the Refugio gold mine by 30,000 oz. per year, according to new estimates by equal partners Bema Gold (BGO-T) and Kinr…
Hebron Fjord to resume work in Peru
Armed with $600,000 from a recent financing, Hebron Fjord Resources (HEF-M) plans to resume drilling at its Torrecillas gold-copper property in southern Peru.Late last year, the company drilled four h…
GREATEST VALUE TRADED, July 28-Aug 3
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Agnico-Eagle mired in red ink
Agnico-Eagle Mines (AGE-T) racked up more losses during the second quarter, due in large part to falling gold and copper production from its Laronde mine in northwestern Quebec.During the second quart…
DIAMOND PAGE — SouthernEra remains in the black
Higher production at the Marsfontein diamond mine in South Africa kept SouthernEra Resources (SUF-T) profitable in the second quarter.During the three months ended June 30, the diamond miner earned $1…