De Beers, Winspear make peace as bid extended
The sabre-rattling between De Beers Consolidated Mines (DBRSY-Q) and takeover target Winspear Diamonds (WSP-T) has ended with an agreement that allows the offer to be extended to Aug. 15 from July 28….
Articles by Northern Miner Staff
PEOPLE (July 31, 2000)
Canyon — David Fagin appointed director.Crystallex — C.W. Longden and David Matheson appointed directors.Dia Met — James Rothwell appointed president and CEO.Inter-Citic…
Yukon environment group funds research
The Whitehorse-based Mining Environment Research Group (MERG) is funding five projects in the Yukon.The projects are designed to reduce environmental compliance costs through the development of new te…
Barrick earnings steady in second quarter
Barrick Gold (ABX-T) posted earnings of US$72 million (US36 per share) for the second quarter of 2000, the same profit it made in the first quarter of the year. Revenue for the second quarter amounte…
Hope Bay exceeds expectations
Partners Hope Bay Gold (CBX-T) and Miramar Mining (MAE-T) have added a high-grade finish to their newly completed underground work program at the Boston deposit in Nunavut.Boston is one of several dep…
CDNX remains adrift in summer doldrums
Canada’s junior exchange remained steady over the report period ended July 25, with all indices edging slightly downward.The Canadian Venture Exchange added 0.88 point to its value and finished the we…
The Northern Miner — North American Mining Index (July 31, 2000)
66.23 (-3.93)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (July 31, 2000)
48.57 (-0.72)(Sept. 30/98 = 100)…
Exploration keeps Eagle Plains busy
Eagle Plains Resources (EPL-V) holds an impressive portfolio of gold and base metal properties in British Columbia and the Yukon, and the junior intends to carry out more than 2,900 metres of diamond …
Exchange Rates (July 31, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 25July 24July 21July 20July 19…
Northern Miner Indices (July 31, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…
LME Warehouse Levels (July 31, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 25/99 (change from July 18 in brackets):MetalStock(tonnes)Change…