Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
2002
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…
Recovery in the air
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…
Mines ministers head to Toronto
The World Mines Ministries Forum will attract hundreds of government representatives and mineral sector stakeholders from around the world.Slated for March 13-15 in Toronto, the event is timed to foll…
Freewest tests Clarence showing
A minimum-2,000-metre diamond drilling program is under way on a gold showing uncovered by Freewest Resources Canada (FWR-V) at its Clarence Stream property in southwestern New Brunswick.The drilling …
Trading Summary (February 15, 2002)
The Toronto Stock Exchange ended the week with a 11.09-point drop to 7,515.3 on Friday. The golds suffered some pro…
Newmont gets 66%
Denver-based Newmont Mining (NEM-N) says it has acquired more than 66% of the shares of Normandy Mining (NDY-T), an…
Teck Cominco cuts zinc output (February 15, 2002)
Vancouver Responding to an oversupply of zinc on the world market brought on by a slowing global economy, Teck Co…
Charges ravage Barrick fourth-quarter earnings
A US$117-million charge related to its takeover of Homestake Mining coupled with a US$59-million provision related…
TVX’s Stratoni gets green light
The Greek government has issued TVX Gold (TVX-T) a permit allowing for the continuation of mining activities at the…
Trading Summary (February 14, 2002)
The golds regained their position ahead of the Toronto Stock Exchange’s thirteen other subindices on Thursday posti…