Teck Resources Limited

Huddled together on the north shore of Lake Superior: Teck Cominco and Barrick Gold's David Bell mine (foreground), Newmont Mining's Golden Giant mine (background, right), and Teck and Barrick's Williams mine (background, left). The Trans Canada Highway is shown far left.

FPO Hemlo seen as ripe for consolidation

The much-anticipated consolidation that’s shaking up the gold industry is capturing the attention of investors and mining executives alike. Although most of the attention is focused on activities at t…


Northern Miner Indices (March 11, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…


Blow to TVX in Greece casts pall over market

The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….


Inmet inks Antamina put-call deal (March 04, 2002)

Inmet Mining (IMN-T) has signed an agreement with Noranda (NRD-T) whereby either company can initiate the sale of Inmet’s 3.3% net proceeds interest in the Antamina zinc-copper mine in Peru.Inmet’s pu…


Diamond hunt ignites Nunavut

The year 2001 presented some ups and downs for Nunavut’s mining industry, the most prominent being mine-closure announcements and a possible diamond rush.Last year, the Lupin gold mine, in the Northwe…


Operating costs take toll on Novicourt

Noranda’s (NRD-T) 62%-owned base metal subsidiary, Novicourt (NOV-T), turned in a subdued performance during the last three months of 2001.The junior producer posted net earnings of $600,000 (or 2 pe…


Northern Miner Indices (March 04, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…



Short-term prospects dim in mineral commodity markets

It’s annual-report season, and given the difficult trading conditions of late, it isn’t surprising that many companies are reporting mixed results. What is cause for concern, however, is that most min…


BC students compete at CIM event

Vancouver — Mining students in British Columbia will compete for the coveted Turnbull Cup on Feb. 28 at the awards dinner of the Canadian Institute of Mining, Metallurgy and Petroleum (Vancouver bran…


Compania Minera AntaminaWith commercial production under way at the Antamina copper-zinc mine in Peru (pictured above), Teck Cominco is throttling back zinc production at its Red Dog mine in Alaska, while reducing its refining capacity both in Peru and British Columbia.

Teck Cominco cuts zinc output (February 25, 2002)

Vancouver — Faced with an oversupply of zinc on the world market, Teck Cominco (TEK-T) plans to trim production by 55,000 tonnes in 2002.The Cajamarquilla zinc refinery in Peru, owned 82% by the majo…


Barrick to halve hedge book

With fewer writedowns and a merger under its belt, Barrick Gold (ABX-T) finished 2001 with modest earnings in contrast to the loss it took in 2000. But the big gold producer had other news to deliver:…


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