Gold shines on long-term dollar weakness
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…
A breakdown of the production hoist at Cambior’s (CBJ-T) Doyon mine, 40 km east of Rouyn-Noranda, Que., may result in layoffs during an estimated 2-6 weeks of repairs.At presstime, the company was dis…
With gold climbing to prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 800,000 oz. gold in 2003.The reduction would see the company’s hedge position drop t…
Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) incurred a loss of $1 million (or 2 per share) during the recent second quarter.By comparison, the compa…
Weighed down by falling gold production, gold miner Cambior (CBJ-T) turned in another quarterly loss.The company posted a net loss of US$3.1 million (or US2 per share) on revenue of US$48.7 million d…
Aurizon Mines (ARZ-T) continued to pile up losses during 2001 as it wound down existing operations and turned its attention to developing the promising Casa Berardi project in nortwestern Quebec.For 2…
In their inaugural Junior Gold Quarterly, mining analysts Bruce Reid and Don Poirier of Toronto-based Independent Equity Research (eResearch) have found good value in six North American gold juniors.T…
Underground drilling at the Sleeping Giant mine in northwestern Quebec has led to the discovery of three gold-rich lenses that could extend the mine life by at least two years.Equal owners Cambior (CB…
It’s been a turbulent year and half, but Cambior (CBJ-T) seems finally to have settled into a familiar pattern of gold production and respectable quarterly reports.Gold production attributable to the …
For a bit of cash and a royalty, junior miner Richmont Mines (RIC-T) is buying Aurizon Mines’ (ARZ-T) half-interest in the suspended Beaufor gold mine in northwestern Quebec.Richmont already holds a s…
Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…
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