Staff Investment Policy (February 12, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Articles by Northern Miner Staff
Dinner will honour Cross
After 52 years and 13,388 issues, the George Cross Newsletter and its editor, George Cross, Jr., have decided to call it a day.The final issue of the west-coast mining chronicle was published at the e…
Spot Prices Wed. February 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$262.90-$3.30Silver$4.63-$0.16Platinum$606.00+$1.00…
Zinc sluggish as slowdown starts
After several weeks of supply-dominated news, base metals markets paused for breath during the period Jan. 29-Feb. 2. Meanwhile, the latest economic data refused to shed much light on the depth and ex…
Gold detects foreign substances
Scientists at the Department of Energy’s Sandia National Laboratories in Albuquerque, N.M., have developed a “laboratory on a chip” that allows for quick detection and testing of small amounts of unkn…
***** New Story***** Producer and Dealer Prices
Antimony: Mid-mkt US$1,300/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.45-14.30/lb.Copper: Comex March US$0.8305/lb.Indium: …
Iamgold posts more quarterly profits
Vancouver — Markham, Ont.-based Iamgold (IMG-T) continues to post profits, thanks to record production during the third quarter.The company holds a 38% stake in the Sadiola gold mine through Mali-bas…
Seahawk raises funds for Piteiras
Seahawk Minerals (SKM-V) has raised another $1 million for work at its 75%-owned Piteiras emerald prospect in Brazil’s Minas Gerais state.The Denver-based junior privately placed 1.4 million special w…
LME WHSE LEVELS (February 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 6/01 (change from Jan. 30 in brackets):MetalStock (tonnes)ChangeAluminium426450(…
Radius discovery advances El Tambor
Guatemala City, Guatemala — Trench-sampling over 15 sq. km of the El Tambor project in Guatemala has outlined a new gold discovery for junior Radius Exploration (RDU-V).Over the past year, the Simon …
Falco posts record earnings despite strike
Higher metal prices and increased low-cost production from its new Raglan and Collahuasi mines offset the effects of an ongoing strike at its Sudbury operations, enabling Falconbridge (FL-T) to post r…
Barrick takes US$1.1b hit against 2000 earnings
As expected, Barrick Gold (ABX-T) wrote-down the value of some of its assets by a total of US$1.1 billion to reflect the reality of lower gold prices in recent years and to prepare for the possibility…