Gold Funds (February 19, 2001)
Gold Funds as of February 8, 2001Dundee Precious MetalsCentral FundNet Value$11.54$5.21Price$6.51$4.870Discount43.596.50Value$81,583,000$94,540,628…
News
Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
Newmont posts loss
Denver — Higher production was not enough to offset the effects of low gold prices for Newmont Mining (NEM-N) in 2000.In the fourth quarter, the Denver-based company earned US$19.7 million (or 12 pe…
Antofagasta exceeds expectations
Denver — Improvements in the grinding circuit have resulted in higher processing rates at the Los Pelambres copper mine in northern Chile.The open-pit mine, 60% held by Antofagasta, beat production f…
MOST ACTIVE ISSUES, FEBRUARY 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13466 37.75 35.43 35.70 -1.54…
GREATEST VALUE TRADED, FEBRUARY 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N 480742 37.75 35.43 35.70 -1.54…
Noranda profits grow
Stronger metal prices enabled Noranda (NOR-T) to overcome hefty unusual costs and to end 2000 substantially richer than it began.The major earned $293 million (or $1.14 per share) on sales revenue of …
Monetary value in question The commodity formerly known as gold
The return of the Republican Party to the U.S. presidency has brought some of the weirder economic views of the political right back into polite discourse. George Bush, Jr., has already unveiled a bud…
BCSC lifts ban on Watson
The British Columbia Securities Commission (BCSC) has dropped a 10-year ban against veteran geologist Mackenzie (Mac) Watson. The penalty was imposed in 1996 after the BCSC examined the conduct of Wat…
Odds ‘n’ sods: Hart and Soul of Elliot Lake
In earlier columns, I referred to the Preston East Dome team and Technical Mine Consultants (TMC), which were both controlled by Joseph Hirshhorn (1899-1981). The so-called Preston East Dome team cons…