Goldcorp soars at Red Lake mine
With results continuing to exceed predictions, Goldcorp (G-T) has once again revised its production forecast for the Red Lake mine in northwestern Ontario.Production is now expected to top an impressi…
2001
Rio narrows gap with Anglo
Rio Tinto continues to gain ground on Anglo American in its quest for first place among global mining companies, as ranked by the Raw Materials Group in Who Owns Who in Mining 2001.The U.K.-based tita…
PEOPLE (July 30, 2001)
Elkhorn — Robert Trenaman appointed director.National Gold — Chester Millar, Albert Matter and James McDonald appointed directors.Plexmar — Louis Lessard appointed director.
Rapu Rapu closer to production
With an environmental permit in hand, Australian-based Lafayette Mining is proceeding with development of the Rapu Rapu massive-sulphide mine in the Philippines.Situated in Albay province, on the isla…
That sinking feeling
Worse-than-expected industrial production data for the U.S. and the European Monetary Union (the eurozone IP moving into negative territory, year over year, for the first time at minus 0.1% in May), t…
Analyst compares Gabriel’s go-it-alone and sales options
Senior gold producers are still interested in buying non-producing companies with advanced projects . . . but not at any price, and certainly not without a hard-nosed look at project economics. That’s…
Kirkland Lake to host conference
Sample preparation and laboratory safety will be among the topics discussed at CMA 2001, a conference of the Canadian Mineral Analysts, slated for Sept. 17-20 in Kirkland Lake, Ont.A trade show and se…
Partners granted Ntotoroso licence (July 30, 2001)
Equal partners Moydow Mines International (MOY-T) and Normandy Mining (NDY-T) have been granted a 30-year mining lease for the Ntotoroso gold project in west-central Ghana.Over the past four years, No…
Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…
Inmet profitable in Q2
Better operating results but poorer metal prices combined to keep second-quarter earnings at Inmet Mining (IMN-T) roughly the same as in 2000. For the three months ended June 30, the copper and gold p…
Producer and Dealer Prices (July 30, 2001)
Antimony: Mid-mkt US$1,070/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-9.80/lb.Copper: Comex Sept. US$0.6855/lb.Indium: In…