The Northern Miner – North American Mining Index (November 05, 2001)
66.45 (+1.74)(Sept. 30/98 = 100)…
Articles by Northern Miner Staff
The Northern Miner – Small Producers Index (November 05, 2001)
45.83 (+0.44)(Sept. 30/98 = 100)…
Gold Funds (November 05, 2001)
Gold Funds as of October 25, 2001Dundee Precious MetalsCentral FundNet Value$13.23$5.35Price$9.05$5.49…
Good quarter for Dia Met
Higher production from the Ekati diamond mine in the Northwest Territories and sharply lower interest expenses have meant a near-doubling in earnings for Dia Met Minerals (DMM-T).The company posted ne…
Kikerk find yields stones
A kimberlite discovery at the Kikerk Lake property in the north Slave Craton region of Nunavut has returned a significant number of microdiamonds.Ashton Mining of Canada (ACA-T) unearthed the Potentil…
LME Warehouse Levels (November 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 30/01 (change from Oct. 23 in brackets):Metalstock (tonnes)ChangeAluminium700175…
Geita powers Ashanti
Ghana-based Ashanti Goldfields (ASL-N) saw its profits nearly double during the third quarter, thanks in part to increased production at its 50%-owned Geita mine in Tanzania.Earnings totalled US$14.5 …
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Starfield, Far West lead gainers
Vancouver — Canada’s junior exchange posted gains in the resource sector but not enough to keep the composite index from wallowing. The Canadian Venture Exchange composite index dropped 6.2 points, o…
Placer buoyed by Getchell writedown
The most heavily traded company on the Toronto Stock Exchange during the Oct. 24-30 report period was Placer Dome, which jumped $1.40 to $18.25 as investors applauded the company for “facing reality” …
Newmont banks on strong second half (November 05, 2001)
Vancouver — North America’s largest gold producer has tabled a solid third-quarter profit on the back of improved sales and a strong contribution from its Batu Hijau copper-gold mine in Indonesia.New…
NovaGold hits highest grades yet at Donlin
Vancouver — California-based NovaGold Resources (NRI-T) continues to pull high-grade intercepts from the Acma zone of the Donlin Creek deposit in Alaska.Situated 480 km west of Anchorage, Donlin Cree…