Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Echo Bay Mines Ltd
Newmont resumes search at Limousine Butte
In preparation for a third round of drilling on the Limousine Butte gold property in east-central Nevada, a field crew from Newmont Mining (NEM-N) has begun soil sampling and ground geophysics prior t…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…
Minefinders tops up treasury
Vancouver-based Minefinders (MFL-T) has closed a $1.5-million private placement of 1.6 million units priced at $1 apiece.Each unit comprises one share and one non-transferable warrant allowing the hol…
Anzex drops Longwood permit
The inability to attract a senior partner has prompted Anzex Resources (AZX-V) to surrender the Longwoods platinum-group-elements project in New Zealand’s South Island. The junior intends to continue …
Newmex Minerals acquires Borealis gold-silver property
Calgary-based Newmex Minerals (NMM-V) has acquired an option to earn a 32% interest in the Borealis gold-siler propery in Nevada’s Mineral Cty.Owned 68% by Nevada-based Golden Phoenix Minerals (GPXM-Q…
Expansion unlikely for Brewery Creek
Heap-leach recovery problems have contributed to a production shortfall of 20,000 oz. at Viceroy Resource’s (VOY-T) Brewery Creek gold mine in the Yukon.Production during the first nine months of 1999…
CORRECTION (November 22, 1999)
Our issue of Nov. 8-14 contained incorrect information regarding the price paid by Viceroy Resources (VOY-T) to purchase the 60% interest in the Paradones Amarillos deposit it did not already own.Echo…
Companies (November 22, 1999)
Archangel DiamondAsarcoAtna Res.Aur Res.Banff Res.Broken Hill Pty.CambiorCampbell Res.Canmine Res.Channel Res.Claude Res.Coeur d’Alene MinesCyprus AmaxDe Beers Cons. MinesDia Met MineralsEcho Bay Mine…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Broad market vaults over poorly performing golds
Led by the industrial products and utilities sectors, the Toronto Stock Exchange 300 index climbed 77.26 points during the report period ended Nov. 9, closing at 7,292.58. Metal producers fared poorly…