Black Hawk retires debt
A 15% increase in gold production, coupled with a 24% reduction in cash operating costs, helped Black Hawk Mining (BHK-T) stay in the black during the first quarter of 2001.The company’s El Limon mine…
2001
Rockwell unravels Pedra Branca puzzle
Fortaleza, Brazil — Some 250 km southwest of this busy port city, structural deformation has transformed one of the world’s largest layered mafic intrusive complexes into a geological puzzle, which, …
Low-cost gold mines: the new survivors
As the gold price rallies, only to sink again, the measure of a good gold project is less and less its production and more and more its operating margin. The need to make money in a small way is winni…
Southwestern Gold active in Argentina, Peru
Denver — Faced with the impending South American winter, partners Southwestern Gold (SWG-T) and Consolidated Jaba (JBA-V) are hurrying to complete soil sampling on the Tecka layered mafic intrusion i…
Copper Ridge gains prospect
Copper Ridge Explorations (KRX-V) has struck a deal with Big Blackfoot Resources (BLF-V) to earn up to a 70% interest in a zinc-lead massive sulphide prospect in the Yukon Territory.Copper Ridge can e…
Trillion options Karasberg
Vancouver-based Consolidated Trillion Resources (TLQ-T) has secured rights to earn up to a 100% interest in the Karasberg project from a unit of BHP (BHP-N).Karasberg consists of five exclusive prospe…
The Northern Miner — Small Producers Index (May 28, 2001)
57.34 (+4.63)(Sept. 30/98 = 100)…
Gold Fields, Outokumpu seek PGMs in Finland
World-wide interest in exploration for platinum and palladium continues to be stimulated by the dramatic rise in prices for these commodities. Since 1996, the price of palladium has steadily increased…
TSE Shorts (May 28, 2001)
Short positions outstanding at May 15, 2001Larger individual positions include:Aber Diamond Corp. 166,214 up 130,107; Alcan Inc. 1,492,230 up 385,323; Anderson Exploration Ltd. 4,697,815…
MOST ACTIVE ISSUES, MAY 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT 302251.550.981.39+0.44…
Major funds search for PGMs
Teck (TEK-T) has completed a $250,000 flow-through financing in each of East West Resource (EWR-V) and Canadian Golden Dragon Resources (CGG-V) and reached a deal with the pair to explore eight…
Partners discover third PGM layer at River Valley
Drilling appears to have intersected a third mineralized horizon at the River Valley platinum group metals property in the Sudbury region of Ontario.Toronto-based Mustang Minerals (YMU-V) and its Sout…