Noranda fast-tracks Matagami discovery
Three zinc-copper zones in the Matagami camp of northwestern Quebec are taking the shape of a promising target for Noranda (NOR-T).Thirty-five holes were recently sunk in the Equinox, Perseverance and…
2000
Cominco posts profit in quarter
Operating profits at the Red Dog mine in Alaska and the Trail smelter in British Columbia propelled base metal titan Cominco (CLT-T) to substantial earnings in the second quarter.The company posted a …
Breakwater basks in profits
Zinc producer Breakwater Resources (BWR-T) is basking in profits this year, even while adding the Bouchard-Hbert and Langlois mines in Quebec to its roster of worldwide operations.The Toronto-based c…
EVENTS (July 31, 2000)
Aug. 6-17 31st Int’l Geological Congress and Scientific Exhibits — Rio de Janeiro, Brazil. Contact Secretariat Bureau. Tel: +55 21 295-5847. Fax: +55 21 295-8094. E-mail: 31igc@31igc.org.br.
Phelps Dodge beats estimate
Phelps Dodge (PD-N) posted better-than-expected second-quarter earnings of US$4.5 million (or 66 per share) before restructuring charges and non-recurring items of US$52 million.In late June, the com…
Barrick
Rex Diamond Mining (RXD-T) and De Beers Consolidated Mines (DBRSY-Q) have signed a preliminary agreement to explore the Akchar permit in Mauritania, northwestern Africa.For more than three years, Rex …
News – 31-JUL-00 (July 31, 2000)
Las Cristinas hurts Placer’s performance
Burdened with a US$116-million writedown on the Las Cristinas property in Venezuela, North America’s third-largest gold mining company posted a loss in the second quarter.”Writing off Las Cristinas hu…
Inmet stays profitable in second quarter
Continued strong earnings from its Cayeli mine in Turkey allowed Inmet Mining (IMN-T) to post earnings of $2 million, or 3 per share, on revenue of $24.9 million in the second quarter.The profit was …
FIFTY YEARS AGO–AUGUST 1950
Record demand for yellow metalFear of escalating inflation, combined with the ongoing Korean War, has created record demand for the yellow metal in the Far East, Western Europe and India.In Hong Kong,…
Emerald’s winning crew
They say people make the world go round, and this was indeed the case at the Emerald lead-zinc-silver mine, near Salmo, British Columbia.In the first instance, returning war veterans filled the ranks …
Inco posts US$148m profit in 2nd quarter
Thanks to much stronger prices for nickel and platinum group metals (PGMs), Inco (N-T) has recorded its best quarterly performance in years, bagging a net profit of US$148 million (US70 per diluted s…