TSE Shorts (August 14, 2000)
Short positions outstanding at July 31, 2000Larger individual positions include: Abitibi-Consolidated 934,994 down 209,467; Alcan Aluminium Ltd. 635,395 down 106,962; Barrick Gold Corp. 6,51…
Articles by Northern Miner Staff
Coeur d’Alene sees silver production jump 40% Samira Hill
Despite a 42% boost in silver production to 3 million oz., Coeur d’Alene Mines (CDE-N) posted a loss for the second quarter.The company reported a loss of US$10.5 million (or 28 per share) for the pe…
Partners renew search for Nunavut gold
With several targets left to test, partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have renewed exploration at their Hope Bay gold property in Nunavut.The Hope Bay property covers nearly the…
Solitario, Altoro show urge to merge
Solitario Resources (SLR-T) has replaced its takeover bid for Altoro Gold (ATG-V) with an agreement unanimously approved by both boards of directors.Under the plan, shareholders of Altoro will exchang…
Franco-Nevada boosts earnings
Gold-royalty company Franco-Nevada Mining (FN-T) is heading into its merger with Gold Fields (GOLD-Q) with higher revenue and earnings. In the three months ended June 30, Franco-Nevada earned $29.4 mi…
African Minerals names Dummett CEO
Ivanhoe Capital’s privately held affiliate, African Minerals, has appointed Hugo Dummett chief executive officer and co-chairman.Dummett was formerly BHP Minerals’ senior vice-president and played a l…
Northern Miner Indices (August 14, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…
CDNX shows life signs despite summer doldrums
Canada’s junior exchange closed the holiday-shortened period ended Aug. 8 on an upswing with all indices posting gains. The CDNX composite index closed at 3346.81, up 50.71 points, or 1.5%, and the mi…
Dow charges, leaves gold behind
The Dow Jones industrial average climbed 369.94 points, or 3.5%, during the report period Aug. 2-8 to close at 10,976.89 on reeports that inflation remains in check.Spot gold on the Comex division of …
Students plan platinum short course
Student chapters of the Society of Economic Geologists at Laurentian University and the Universities of Toronto and Western Ontario have arranged a 2-day short course on exploration for platinum group…
Homestake hit by Eskay shortfall
A production shortfall at the Eskay Creek mine, north of Stewart, B.C., contributed to a disappointing second quarter for Homestake Mining (HM-N).The San Francisco-based company posted a loss of US$16…
Revised study for Samira Hill
Partners Etruscan Resources (EET-T) and Semafo (SMF-T) have tabled a revised feasibility study for their developing Samira Hill open-pit gold project in Niger.The new plan calls for the milling of 6,0…