Articles by Northern Miner Staff
Normandy, TVX clean up balance sheets
Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…
Int’l Annax expands mineralization
Vancouver — International Annax Ventures (IAX-V) continues to pull encouraging values of sedimentary exhalative zinc-lead mineralization north of its Anjing Hitam deposit in North Sumatra, Indonesia….
Cortez expands Crossroads
Denver — Infill drilling at the Crossroads deposit in central Nevada has returned significant, albeit deep, mineralization for the Cortez joint venture. The project is part of the Pipeline complex.Pl…
El Salvador updates law
Denver — A series of revisions to the mining law offers to make exploration in El Salvador cheaper and easier.The principal change is that the net smelter royalty is cut in half, to 2%, bringing the …
Sons of Gwalia bids for Teck’s PacMin
Sons of Gwalia (SGW) has tabled a takeover bid for fellow Aussie gold miner PacMin Mining, an 80% controlled subsidiary of Teck (TEK-T).Gwalia is offering five of its own shares for every 28 PacMin sh…
Canadian Stock Exchange Indices (September 03, 2001)
DateAugust 28August 27August 24August 23August 22HighLowTS…
Producer and Dealer Prices (September 03, 2001)
Antimony: Mid-mkt US$1,005/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.25-11.00/lb.Copper: Comex Sept. US$0.691/lb.Indium: In…
LME Warehouse Levels (September 03, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 28/01 (change from Aug. 21 in brackets):Metalstock (tonnes)ChangeAluminium674575…
Northern Miner Indices (September 03, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Gold Funds (September 03, 2001)
Gold Funds as of August 23, 2001Dundee Precious MetalsCentral FundNet Value$13.84$5.21Price$10.25$4.06…
Spot Prices Wed. August 29, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$272.85-$4.40Silver$ 4.21+$0.04Platinum$465.00+$…