Currency hedges hit earnings in Australia
A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…
News
News – 10-SEP-01
The Northern Miner — North American Mining Index (September 10, 2001)
73.06 (-0.88)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (September 10, 2001)
43.73 (-0.73)(Sept. 30/98 = 100)…
Weak consumer confidence blocks rally
After rallying in the first few weeks of August, the major base metals markets gave up a substantial portion of their gains in the period Aug. 27-31. Long liquidation, accompanied by some fresh commod…
GOLD FUNDS (September 10, 2001)
Gold Funds as of August 30, 2001Dundee Precious MetalsCentral FundNet Value$13.71$5.21Price$9.75$5.00…
Staff Investment Policy (September 10, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Correction (September 10, 2001)
Mirabel Resources (RMB-M) is operator of the Montauban project in Quebec which consists of 83 claims, 50 km northeast of Trois-Rivieres.An earlier story (T.N.M., July 16/01) stated that 28 of the clai…
P&H joins CMTE
P&H MinePro Services has been made a member of the Co-operative Research Centre for Mining Technology and Equipment (CMTE). Both are based in Brisbane, Australia.The CMTE, established under the Austra…
PEOPLE (September 10, 2001)
Diagem — Jonathan Goodman and Mousseau Tremblay appointed directors.Melkior — Jocelyn Cote appointed president.Weda Bay — John Lynch appointed president and CEO.
Julietta mine to start up in fourth quarter
Only months after low gold prices forced the closure of its high-cost Refugio mine in Chile, Bema Gold (BGO-T) has announced a fourth-quarter startup for its 79%-owned, fully-financed Julietta gold-si…
Metals boom awaits global prosperity Bad governance fuels poverty
The recent slump in metals demand is taking a heavy toll on mining companies, and with Western politicians conceding that their economies may take longer to recover than expected, producers are hunker…