Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Red Lake Mines
Goldcorp’s Red Lake Canada’s largest gold mine
Move over Golden Giant and Eskay Creek. The new Red Lake mine, owned and operated by Toronto-based Goldcorp (G-T), has become Canada’s largest gold operation, based on this year’s revised production e…
Goldcorp posts record earnings
On the back of newfound production at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) has posted its best quarterly earnings and cash flow in nearly a decade.Earnings in the three months end…
Higher output at Red Lake
Thanks to unexpectedly high headgrades, the Red Lake gold mine in northwestern Ontario is exceeding the production forecasts of its owner, Goldcorp (G-T).The mine, which began commercial production on…
Rubicon hits more gold at McCuaig
Vancouver — Rubicon Minerals (RMX-V) has cut a new gold-bearing structure at the McCuaig project in Red Lake, Ont.Company geologists describe the mineralized zone as a sulphide-bearing silicified and…
Goldcorp set to recover from loss
Heafty unusual costs pulled Goldcorp (G-T) deep into the red last year. The losses totalled $19.3 million (or 24 per share) on revenue of $61.3 million, compared with earnings of $10.6 million (14 p…
Goldcorp bumps up grade
Goldcorp (G-T) has increased by 43% the number of contained ounces in the High Grade zone of the Red Lake mine in northwestern Ontario.The mine, which re-entered production in August, now has a reserv…
Partners active near Red Lake
Vancouver — Partners Rubicon Minerals (RMX-V) and AngloGold (AU-N) have begun a 450-metre program of diamond drilling at the Norseman geophysical target, 30 km northeast of Red Lake, Ont.Ground magne…
Goldcorp revises Red Lake forecast
Higher head grades have prompted Goldcorp (G-T) to increase its 2001 production forecast for the Red Lake mine in Ontario.The mine, which re-entered commercial production on Jan. 1, is now expected to…
Low commodity prices, high costs cast pall over 2000
Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…
Discoveries by McWatters, Noranda highlight 2000
The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…
Red Lake reopening nears
Underground sampling at the developing Red Lake gold mine in northwestern Ontario is confirming earlier drill results, reports Goldcorp (G-T).The efforts have been focused in one of several lenses tha…