Kinross improves bottom line
Although still mired in the red, Kinross Gold (K-T) has lessened the load by increasing production and lowering cash costs at all of its primary operations.Losses in the three months ended June 30 tot…
2001
Rockinghorse returns micros
A kimberlite discovery by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has yielded a significant number of stones.An aggregate 276-kg sample of core from the disco…
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 …
‘Rural cleansing’ gets media attention
When the Wall Street Journal lines up hammer and nail to drive home a point, a hard bang or two usually follows. Earlier this summer, the prestigious newspaper hit the nail on the head when it reporte…
Precious metals get trading site
A consortium of mining companies, refiners and industrial users of gold, silver and platinum group metals will form an Internet-based precious metals marketplace.The site, to be known as Electronic Pr…
Yukon signs road pact with junior
The Yukon government has reached a road maintenance agreement with North American Tungsten (NAT) which supports the reopening of the CanTung mine.The Department of Community and Transportation Service…
GREATEST VALUE TRADED, AUGUST 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N49050939.3036.5137.00-2.23…
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…
Energy crunch cramps Eldorado’s performance
Vancover — Power restrictions in Brazil have slowed production at Eldorado Gold’s (ELD-T) Sao Bento mine and pushed the junior minor into the red.During the recent second quarter, Eldorado tabled a n…
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 …