Exchange Rates (February 05, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 30Jan. 29Jan. 26Jan. 25Jan. 24US$ in C$1.49851.50091.50631.5…
Articles by Northern Miner Staff
Staff Investment Policy (February 05, 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…
Lead, copper and zinc post gains
Some short-term relief looks likely for metals prices as three factors — volatile nearby spreads, an improving technical picture, and production cuts stemming from California’s power shortages — con…
Market eyes rate cut
Denver — The Dow Jones industrial average climbed 231.39 points, or 2.2%, to 10,881.20 during the report period ended Jan. 30, in anticipation of the 0.5% interest rate cut by the U.S. Federal Reserv…
GREATEST VALUE TRADED, JAN. 24-30
ExchgVal($000s)HighLowCloseChangeAlcoa*N 504827 35.62 33.50 35.42 +1.48…
NAP builds new mine over bones of old
Thunder Bay, Ont. — Lac des les, Canada’s only primary platinum group metal (PGM) mine, has been transformed from the proverbial sow’s ear into a silk purse by record prices for palladium and by an …
Drill results add shine to Marlin
Encouraging results from a second round of diamond drilling by Francisco Gold (FGX-V) have contributed to the bulk-minable potential of a gold-silver prospect at the Marlin property in western Guatema…
Kinross eyes Kubaka lookalike in Russia
A blind discovery in the Magadan region of northeastern Russia is looking more and more like the producing Kubaka gold deposit.Kinross Gold (K-T), which holds 54.7% interests in both projects, is unde…
De Beers homes in on diamond retail market
Diamond kingpin De Beers Consolidated Mines (DBRSY-Q) is teaming up with France’s LVMH Moet Hennessy Louis Vuitton to form an independently managed company that will develop and sell De Beers’ branded…
Phelps Dodge warns of production cuts
Denver — Phelps Dodge (PD-N) has alerted employees at operations in Arizona and New Mexico to the possibility of shutdowns caused by higher energy costs in California.Electricity costs hit US11 per …
News – 05-FEB-01
Analyst views Corner Bay as ‘silver lining in cloudy sector’
Just before leaving his post as mining analyst for Deutsche Bank, George Albino gave a thumbs-up to Corner Bay Minerals (BAY-T) for its steady progress at the Alamo Dorado silver project in Mexico’s S…