Noranda tackles its enormous debt
Having spent the last two years fine-tuning its operations, Noranda (NRD-T) has begun trimming its debt-loaded balance sheet.In 2002, Noranda saw its total consolidated debt (excluding short-term bank…
BHP Billiton
First Quantum scrapes by in Q2
Tax credits enabled First Quantum Minerals (FM-T) to overcome a net operating loss and record a small profit for the second quarter.Net earnings totalled US$64,000 in the three months ended June 30, c…
BHP tallies higher profit
Vancouver — Despite a drop in sales, BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US31 per share, in the fiscal year ended June 30, 2003.This marks a significant increase from the US$…
US traders eye producers
The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …
LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
Virginia, BHP renew vows
Virginia Gold Mines (VIA-T) and BHP Billiton’s (BHP-N) diamond exploration arm have signed a third agreement in as many years.The latest deal involves jointly surveying, sampling and exploring some 25…
Metals Commentary: Restarts augur well for copper
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current copper and lead markets.)The outlook for global copper supplies i…
East Meliadine returns poor diamond results
Some of the shine on the Churchill diamond play in eastern Nunavut has tarnished following the release of microdiamond results from the Meliadine East project: they show that nine of the 11 kimberlite…
Buying trend buoys junior exchange
Vancouver — Canada’s junior exchange rallied near the end of the week ended July 22, with investors buying select diamond and gold-related stocks. The S&P-TSX Venture Exchange composite index gained …
Odyssey applies geological know-how in Turkey
Fatsa, Turkey — Having determined the mineral potential of its properties near this coastal town on the Black Sea, Odyssey Resources (ODX-V) is attempting to raise funding to renew drilling.The compa…
More kimberlites found at Churchill
The discovery of two more kimberlites during a first pass of drilling on the Churchill project, north of Rankin Inlet in Nunavut, brings the total number of kimberlite bodies found to date to seven.Sh…
Dunsmuir expands Nanuq holdings
Dunsmuir Ventures (DVV-V) has expanded in Canada’s far north by staking 2,533 sq. km immediately contiguous to its Nanuq project, 250 km northeast of Rankin Inlet in Nunavut.This new extensive souther…