New showings at Nunavik
Vancouver — An independent sampling program over the Nunavik copper-nickel property in northern Quebec has confirm…
2001
Fort Knox begins stripping at McBratney Lake
Fort Knox Gold Resources (FNX-T) has begun a program of mechanical stripping and geological mapping and sampling on…
Pace falls off for Akrokeri-Ashanti
Thanks to lower gold prices and grades, Akrokeri-Ashanti Gold Mines (YAG-V) wasn’t able to keep up the record-setti…
Trading Summary (August 13, 2001)
The gold and precious minerals subindex put in the best percentage gain on Monday, rising 130.67 points, or 2.75%,…
Aurora hits sulphides
Vancouver — Aurora Platinum (ARP-V) has intersected a 16.5-metre zone of low-grade nickel sulphide mineralization 465 metres below Nickel Lake on the Foy Offset property in Ontario.Hole 2 cut 1.5 met…
Spot Prices Wed. August 8, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.50-$1.20Silver$ 4.16-$0.08Platinum$442.00-$…
Anglogold posts solid results
Vancouver — Despite lower production, the world’s largest gold producer saw its earnings jump 19% in the second quarter.Anglogold (AU-N) posted a profit of US$63 million (or 62 per share) in the thr…
Two new kimberlites found at Ekati
BHP Diamonds has uncovered two additional kimberlite pipes at the Ekati mine property in the Northwest Territories, bringing the total to 138.The latest pipes were discovered during a spring drilling …
Iamgold profitable in second quarter
Still buoyed by the performance of the Sadiola Hill mine in western Mali, Iamgold (IMG-T) has posted second-quarter earnings of US$2.6 million (or 4 per share) on revenue of US$15.2 million.Sadiola, …
Eldorado Gold tables Sayacik drill results
A 4-hole program of reverse-circulation drilling by Eldorado Gold (ELD-T) has returned up to 8.2% copper over 5 metres at the Sayacik target, some 6 km southwest of the advanced Kisladag project in Tu…
BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…
Analysts weigh prospects of base metal producers
The first half of 2001 was no picnic for base metal producers, and most mining analysts expect prices to remain weak and vulnerable to downward pressure from funds and speculators for the rest of the …