Cambior trims hedgebook
Cambior (CBJ-T) has repurchased 189,000 oz. gold from its hedging program at an average price of US$342 per oz.Of those ounces, 134,000 will go toward closing out hedging contracts in 2003, resulting …
Cambior Inc
Croinor deposit grows
A slew of new drill results and an ongoing campaign are keeping South-Malartic Exploration (MSU-V) as determined as ever as to advance the venerable Croinor gold deposit to production.Situated 70 km e…
Doyon hoist needs repairs
A breakdown of the production hoist at Cambior’s (CBJ-T) Doyon mine, 40 km east of Rouyn-Noranda, Que., may result in layoffs during an estimated 2-6 weeks of repairs.At presstime, the company was dis…
New gold zones found in James Bay
Partners Cambior (CBJ-T) and Virginia Gold Mines (VIA-T) have found a new mineralized zone at their La Grande Sud property in Quebec’s James Bay region.The discovery was made in hole 175, which passed…
Cambior sharpens trimmers in ’03
With gold climbing to prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 800,000 oz. gold in 2003.The reduction would see the company’s hedge position drop t…
Virginia active in James Bay area (November 18, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TGW Corp. (GWC-V) report that initial results from a 19-hole drilling campaign on the Poste Lemoyne gold project in northwestern Quebec have extended the…
Cambior profits from higher gold prices (October 28, 2002)
Riding higher gold prices, Cambior (CBJ-T) managed to post a tidy profit for the three months ended Sept. 30 — its first quarterly profit since the last three months of 2001.Third-quarter earnings am…
Quebec gold juniors still on the move
Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…
TSE Short Positions (September 16, 2002)
Short positions outstanding at August 31, 2002Larger individual positions includeAgnico-Eagle 5,666,766 up 93,471; Barrick 8,356,953 down 619,950; Bema 3,540,974 up 128,100; Bras…
Cambior readies Rosebel as Omai declines
With mining at the Omai open-pit gold mine in Guyana slated to finish by the end of 2005, Cambior (CBJ-T) is preparing for construction at the Rosebel open-pit gold project in neighbouring Suriname.To…
TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
Aurizon posts loss on improved output
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) incurred a loss of $1 million (or 2 per share) during the recent second quarter.By comparison, the compa…