Staff Investment Policy (August 06, 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…
News
News – 06-AUG-01
Unassayable in Arizona
“A gold mine is a hole in ground with a liar on top.”These words, usually attributed to Mark Twain, sum up the experience of many investors who have lost money in dubious mining projects.In Arizona, m…
Zinc regains strength
The downturn in base metals prices accelerated during the report period July 23-27, with average London Metal Exchange (LME) cash prices of tin, nickel and copper shedding 4.5%, 3.5% and 3.3% respecti…
Placer bucks trend, posts profit
Vancouver — A strong second quarter augurs well for Placer Dome (PDG-T) as the company sets about developing various deposits to replace its aging mines.The major cranked out 747,000 oz. gold during …
Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
MOST ACTIVE ISSUES, JULY 25-31
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13982 40.00 37.00 39.23 + 2.00…
Spot Prices Wed. August 1, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.70-$1.55Silver$ 4.24-$0.02Platinum$470.00-$…
LME Warehouse Levels (August 06, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 31/01 (change from July 24 in brackets):MetalStock (tonnes)ChangeAluminium648800…
Exchange Rates (August 06, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 31July 30July 27July 26July 25US$ in C$1.53031.53021.53461.5…
Producer and Dealer Prices (August 06, 2001)
Antimony: Mid-mkt US$1,030/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-9.80/lb.Copper: Comex Sept. US$0.6825/lb.Indium: In…
No nod for Zod
An independent review has reduced reserves at the Zod gold project in Armenia, leading First Dynasty Mines (FDM-T) to defer production until the project is privatized.Zod is held equally by First Dyna…