TSE Short Positions (August 19, 2002)
Short positions outstanding at July 31, 2002Larger individual positions includeAgnico-Eagle 5,867,009 up 808,433; Alcan Inc. 871,161 down 324,145; Aur Resources 579,245 down 56,116;…
Cambior Inc
Cambior still losing money (July 29, 2002)
Weighed down by falling gold production, gold miner Cambior (CBJ-T) turned in another quarterly loss.The company posted a net loss of US$3.1 million (or US2 per share) on revenue of US$48.7 million d…
Aurizon buys out TVX royalty
Aurizon Mines (ARZ-T) has paid $5 million in cash for TVX Gold’s (TVX-T) residual interest in the Casa Berardi property in northwestern Quebec.The residual interest consisted of an outstanding $3.9-mi…
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …
Mazarin sees revenue grow
The acquisition of a half-interest in the Niobic niobium mine in Quebec enabled Mazarin (MAZ-T) to generate greater revenue in the first quarter of 2002 than in the corresponding period of last year.T…
Aurizon turns to Casa Berardi for growth
Aurizon Mines (ARZ-T) continued to pile up losses during 2001 as it wound down existing operations and turned its attention to developing the promising Casa Berardi project in nortwestern Quebec.For 2…
eResearch looks at junior golds
In their inaugural Junior Gold Quarterly, mining analysts Bruce Reid and Don Poirier of Toronto-based Independent Equity Research (eResearch) have found good value in six North American gold juniors.T…
Cambior closes financing (March 25, 2002)
Regulators have approved of Cambior’s (cbj-t) issuance of 21.3 million units to raise $27.75 million. Consequently, the company now has 126.2 million shares outstanding.Cambior completed the deal earl…
Higher cash flow buoys Cambior
Despite taking a US$5.4-million writedown on its Omai gold mine in Guyana, Cambior (CBJ-T) managed to post a profit during the last three months of 2001. It was the first time the Montreal-based compa…
Bigger reserves at Niobec
Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …
Omai’s performance improved in 2001
Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…
Cambior aims to develop Gross Rosebel
Having largely overcome its financial woes of the past two years, Cambior (CBJ-T) is once again looking for growth opportunities in the gold business.Its first step in this direction will be to develo…