Franco-Nevada richer
Standing apart from most of its struggling peers, Franco-Nevada Mining (FN-T) has reported record 6-month earnings from continuing operations.For the six months ended Sept. 30, Franco earned $55.1 mil…
Echo Bay Mines Ltd
Lupin looks to longer life despite poor market
When Echo Bay Mines (ECO-T) closed the Lupin mine in Nunavut in early 1998, few were taken by surprise. After all, the remote underground operation — difficult to reach and getting deeper every year …
Crown gets breathing room (October 29, 2001)
Vancouver — Solitario Resources (SLT-T) is providing a $1-million secured-note financing to its major shareholder, financially beleaguered Crown Resources (CRRS-O).The funds are part of a proposed $3…
Westmin earns more in quarter
Westmin Resources has found a 500-ft. eastward extension to the H-W massive sulphide deposit being developed at Myra Falls on Vancouver Island.A $20-million shaft-sinking program is more than halfway …
Estimation Guidelines committee off and running
An Estimation Guidelines committee led by the Canadian Instiute of Mining, Metallurgy and Petroleum (CIM) and created as a result of recommendations of the Mining Standards Task Force is busy preparin…
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
Broad market slumps again
Although trading resumed on Sept. 13, the Toronto Stock Exchange was unable to weather the storm caused two days prior by the terrorist attacks in the eastern U.S. Consequently, the 300 index sank 204…
Franco to control Echo Bay in debt deal
A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…
TSE down 5.5% in post-terror panic
The Toronto Stock Exchange, closing early Sept. 11 in the wake of the terrorist attacks in the United States, slumped drastically in the day’s financial panic to cap a week of losses in which the TSE …
Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
Broad market stumbles through holiday
Causing more sighs than cheers, the Toronto Stock Exchange 300 index sank 116.32 points over the holiday-shortened period Aug. 29-Sept. 4. The broad market ended the period at 7,462.03, for a loss of …
Crown defaults on debentures (September 03, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not be making its final, US$15.4-million payment, thereby defaulting on its 5.75% convertible subordinated debentures. The payme…