Northern Miner Indices (January 01, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoR…
Articles by Northern Miner Staff
Exchange Rates (January 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 26Dec. 25Dec. 22Dec. 21Dec. 20US$ in C$HolidayHoliday1.51671.51851.5219C$ in US$Holiday Holiday0.65930.65850.6570EXCHANGE RATES…
GREATEST VALUE TRADED, DEC. 19-26
Exchg Val($000s)HighLowCloseChangeAlcoa*N 591592 35.00 31.00 34.56 + 2.25…
MOST ACTIVE ISSUES, DEC. 19-26
Exchg Vol(000s)HighLowCloseChangeWilliam ResT 24809 0.06 0.04 0.05 0.00…
Holidays prove good for gold
Denver — The Dow Jones industrial average climbed 108.07 points, or 1%, to close at 10,692.44, during the holiday-shortened report period ended Dec. 26.Spot gold jumped to US$274.10 on the Comex divi…
Labrador fund rejects Rio bid
The trustees of the Labrador Iron Ore Royalty Income Fund (LIF.N-T) have called Rio Tinto’s (RTP-N) $13.50-per-share offer for all the units of the fund “significantly below fair value.”The group says…
Francisco to table El Sauzal feasibility study
Vancouver — Junior Francisco Gold (FGX-V) expects to table a bankable feasibility study for its El Sauzal project in Mexico late in 2001.Situated 13 km west of Batopilas in Chihuahua state, El Sauzal…
Ontario gov’t to fly surveys near Dryden
Ontario’s Ministry of Northern Development and Mines will fly a series of geophysical surveys in the Kenora district in the new year. The surveys are part of Operation Treasure Hunt — a project, now …
Western markets beset by winter blahs
Vancouver — The Canadian Venture Exchange followed the major markets lower, led by a 13.2% drop in its technology sector, during the report period ended Dec. 19. The composite index dropped 138.72 po…
Twin Mining encouraged by Baffin stones
Following up on some earlier success, Twin Mining (TWG-T) has received diamond counts from a total of 1,669 kg of kimberlite derived from pipes No. 1 and No. 2 on the Freightrain claim on the company’…
Rio Tinto offers to buy larger slice of IOC
British mining giant Rio Tinto (RTP-N) intends to make a cash offer to buy all units of Labrador Iron Ore Royalty Income Fund (LIF.UN-T) for $13.50 per unit.”The acquisition of the fund will provide R…
Green light for Diavik joint venture
Vancouver — Patience and perseverance have paid off for Rio Tinto (RTP-N) and Aber Diamonds (ABZ-T) at the Diavik joint venture in the Northwest Territories. Following months of licensing delays, the…