Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Teck Metals Ltd - Trail Operations
Teck Cominco braces for recession (October 15, 2001)
Vancouver — Plunging base metal prices have prompted Teck Cominco (TEK-T) to reduce the carrying value of non-operating properties by $154 million and take other non-cash charges of $15 million.The m…
Redhawk eyes zinc-oxide potential of Guatemalan prospect
Junior Redhawk Resources (RDK-V) hopes the key to developing several zinc-oxide prospects in the Americas lies in the hands of ZincOx Resources, a private, London-based company whose founding members …
Western Copper flies solo at Penasquito silver project
Vancouver — With the San Nicholas project on simmer, owing to low zinc prices, Western Copper Holdings (WTC-T) is turning up the heat on the nearby Penasquito silver deposit in Mexico’s Zacatecas sta…
End of rainy season lures juniors back to Sierra Madre
Cash is trickling into the Sierra Madre gold camps in Mexico as the rainy season draws to a close and juniors launch exploration programs designed to outline new resources or test the feasibility of p…
Penoles options El Nino
Under an agreement with Toronto-based Diadem Resources (DIR-V), Mexican silver producer Industrias Peoles is earning an interest in the El Nino claim, west of the San Nicolas deposit held by Western …
NDT, Donner begin work at South Voisey’s Bay
Vancouver — NDT Ventures (NDE-V) and Donner Minerals (DML-V) have resumed work at their South Voisey’s Bay project in Labrador.Archeological work is under way, to be followed by gravity and electroma…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …
Tritton takes another blow (September 24, 2001)
Teck Cominco (TEK-T) has decided not to continue work at Nord Pacific’s (NPF-T) Tritton copper project in New South Wales, Australia.Nord Pacific and Cominco had been investigating the feasibility of …
Falco options South Voisey’s Bay
Donner Minerals (DML-V) and Falconbridge (FL-T) have struck a deal over the South Voisey’s Bay nickel project in Labrador.The nickel major can earn a half-interest in a 624.5-sq.-km package of claims …
Rate cuts power Toronto rise
Strong gains among the interest-sensitive sectors helped move the Toronto Stock Exchange up over the period Aug. 22-28. The Bank of Canada took advantage of recent easing by the Federal Reserve Bank t…