Articles by Northern Miner Staff
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…
MOST ACTIVE ISSUES, August 16-22
Volume(000s)HighLowCloseChangeWilliam Res…
Metal Prices (August 28, 2000)
DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
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 …
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…
Gold Funds (August 28, 2000)
Gold Funds as of August 17, 2000Dynamic MutualCentral FundNet Value$12.78$5.42Price$7…
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…
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…
Weak silver pulls down Hecla
Lacklustre silver prices forced Hecla Mining (HL-N) to post a loss for the second quarter — a situation made worse by asset writedowns and a quarterly dividend.The total loss amounted to US$18.7 mill…
Harry Oppenheimer
Harry Oppenheimer, the South African billionaire who controlled the world’s diamond trade for more than a quarter-century, has died. He was 91.Oppenheimer was admitted to a Johannesburg hospital in mi…
Producer and Dealer Prices (August 28, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.65-15.75/lb.Copper: Comex Sept. US$0.8575/lb.Indium: …