Goldcorp benefits from Havelock sale
Toronto-based Goldcorp (G-T) pocketed a respectable profit in 1999, thanks largely to the sale of its Havelock Lime division.The company earned US$11 million (or 15 per share) on revenue of US$51.7 m…
Red Lake Mines
Goldcorp continues Red Lake development
Though focused on developing its Red Lake mine in northwestern Ontario, Goldcorp (G-T) has also managed to turn a small profit at its operations elsewhere in North America.For the first nine months of…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Western markets continue slump as gold slides
The Vancouver Stock Exchange composite index sunk through the 400-point level, losing 8.61 points, or 2.1%, to close the report period ended Oct. 26 at 395.20. Meanwhile, the mining index lost ground …
Goldcorp gives Red Lake mine a facelift
The Red Lake mine, one of Canada’s longest-running gold mines before labour troubles laid it to rest in 1996, is fast approaching its rebirth.Since May, Goldcorp (G-T) has spent $11.6 million rebuildi…
Grades still consistent at Red Lake
Delineation drilling at the Red Lake mine in northwestern Ontario continues to confirm the grades and widths measured in earlier drilling.Goldcorp (G-T) has been delineating mineralization below the m…
Can the smaller gold producers survive?
The following is the first of a 2-part overview of how junior and mid-tier gold mining companies are coping in today’s low-price environment.Not since the gold bubble of the early 1980s has the London…
Goldcorp dogged by strikers
Officers of Goldcorp (G-T) faced off against an angry group of striking miners at a tense annual meeting held recently in Toronto.The workers, members of the United Steelworkers of America (Local 950)…
Goldcorp funds mine — Red Lake mine to start up in late 2000
A recently closed $60-million financing will enable Goldcorp (G-T) to step up development of its Red Lake gold mine in Balmertown, Ont.In a deal with a syndicate led by Griffiths McBurney & Partners, …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Sagging gold prices fall below US$273 per oz.
Gold prices just kept dropping during the May 12-18 report period, plunging another $5.15 to reach a 20-year low of US$272.85 per oz. on the London morning fix of May 19.For a second consecutive week,…
Careers (March 08, 1999)
Suncor energy is a unique and sustainable Canadian integrated energy company dedicated to vigorous growth. The company is a world leader in oil sands development, a high performing oil and gas produce…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Goldcorp gains on news of major financing (January 11, 1999)
The new year saw the triumphant birth of the euro, the new currency that will be used by 11 countries of the European Union, with the notable exception of Britain.During the Dec. 29-Jan. 5 report peri…
Term loan to finance Red Lake expansion (January 11, 1999)
Three banks have entered an agreement to provide US$60 million to Goldcorp (G-T) for the expansion of its Red Lake mine in northwestern Ontario.The loan, to be provided by the Bank of Montreal, the Ba…