Noranda, Codelco launch Rio Algom takeover
The copper wars that shook up the U.S. and Mexican mining scene earlier this year moved north during the Aug. 16-22 report period, as heavyweights Noranda and Codelco (Corporacion National Del Cobre d…
Articles by Northern Miner Staff
CDNX pulls out of summer slump
Canada’s junior exchange closed the week ended Aug. 22 on an up-note as all indices posted gains. The Canadian Venture Exchange composite index tacked on 37.25 points, or 1.1%, to finish the week at 3…
Gold Funds (August 28, 2000)
Gold Funds as of August 17, 2000Dynamic MutualCentral FundNet Value$12.78$5.42Price$7…
Hecla, Freeport execs jump on cheap shares
Recent insider trading transactions reported by the U.S. Securities and Exchange Commission include the following:- Hecla Mining (HL-N) — Arthur Brown, chairman, bought 25,000 shares at US94 per sha…
Geita fortifies Ashanti’s quarter
Contributions from the recently opened Geita mine in Tanzania helped Ashanti Goldfields (ASL-N) post a profit in the second quarter.Gold production at the 50%-owned mine began in June and amounted to …
Metal Prices (August 28, 2000)
DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
MOST ACTIVE ISSUES, August 16-22
Volume(000s)HighLowCloseChangeWilliam Res…
Gold loses lustre in slow market
The Dow Jones industrial average rose 72.15 points, or 0.65%, during the report period ended Aug. 22. It closed at 11,139.15, spurred on by news the U.S. Federal Reserve would not increase interest ra…
NAP exec shorts own stock
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Aber Resources (ABZ-T) — John Lamacraft, director, bought 25,000 shares a…
Gold up, Dow cracks 11,000
The Dow Jones industrial average edged up 90.11 points, or 0.8%, to close at 11,067 points for the report period ended Aug. 15, while gold recovered to US$274.60 per oz. on the Comex division of the N…
Nevada leads gold production
Nineteen ninety-nine marked the second consecutive year that Nevada led the U.S. in gold production.The 8.3 million oz. produced last year did not exceed the record-breaking 8.9 million oz. of 1998, b…
De Beers’ Winspear takeover ignites diamond sector
Activity in Canada’s junior diamond scene heated up during the Aug. 9-15 report period, with the sector helping to drive up the Toronto Stock Exchange’s gold and precious minerals sub-index by 4.6% to…