The Northern Miner — North American Mining Index (May 28, 2001)
84.04 (+5.48)(Sept. 30/98 = 100)…
News
Staff Investment Policy (May 28, 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…
Boyongan copper-gold discovery attracts market attention
A year or so ago, Philex Gold (PGI-V) was just another struggling producer barely noticed by investors. Although the company’s sole operation in the Philippines still isn’t turning a profit at current…
Geomaque chalks up quarterly loss
Lower realized prices and production translated into a first-quarter loss for Geomaque Explorations (GEO-T).Losses in the period totalled US$1.1 million (or 2 per share) on revenue of US$2 million, c…
Queenston, Thundermin table study
A positive feasibility study of the Duck Pond copper-zinc project in central Newfoundland means partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) will now be looking for permits and f…
Boliden shuns Bayas deal, will restructure
A restructuring deal that would see Boliden (BOL-T) retire a large part of its corporate debt has hindered the company’s plan to sell its Lomas Bayas copper project in northern Chile.The restructuring…
LME Warehouse Levels (May 28, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 22/01 (change from May 15 in brackets):MetalStock (tonnes)ChangeAluminium558300(+…
Metal Prices (May 28, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 22May 21May 18May 17May 16Aluminium1538/1549…
Spot Prices Wed. May 23, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$283.85+$14.75Silver$ 4.52+$0.08Platinum$612.00+…
Northern Miner Indices (May 28, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Luhala reveals more gold
Drilling by Tan Range Exploration (TNX-V) has led to the discovery of more gold mineralization at the Luhala property in Tanzania’s Lake Victoria Goldfields district.The prospect, called Shilalo South…
Politics of self-destruction BC’s day of retribution
It was over before it began, as one former cabinet minister learned when he went door-knocking on behalf of the New Democratic Party (NDP) during the recent election campaign in British Columbia. “Peo…