GREATEST VALUE TRADED, Sept. 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 606577 30.44 25.31 25.62 – 4.57…
News
Kelsey Lake resumes production
McKenzie Bay International (MKBY-O) has resumed diamond production at the Kelsey Lake mine, a past producer straddling the border between Colorado and Wyoming.The company recently completed final adju…
Hecla Mining tightens belt
In an effort to conserve cash, Hecla Mining (HL-N) has deferred payment of its quarterly dividend to holders of its Series B convertible preferred stock.It is the first time the company has skipped a …
Northgate cuts costs at Kemess
Debt-burdened Northgate Exploration (NGX-T) is trying to accomplish something Peggy Witte’s Royal Oak Mines couldn’t do — turn the Kemess mine, 300 km northwest of Mackenzie, B.C., into an economical…
De Beers bid for Ashton Mining viewed as harbinger of change
While De Beers Consolidated Mines’ (DBRSY-Q) successful $5-per-share bid for Winspear Diamonds signalled a desperate wish to secure Canadian diamond production, its bid for Australia’s Ashton Mining s…
Minera Andes signs deal
A Peruvian mining company has set its sights on a silver-gold property held by Minera Andes (MAI-V) in Santa Cruz province of southern Argentina.Lima-based Mauricio Hochschild & Compania recently sign…
Quebec prospectors gather for rendez-vous
“Perseverance” may well have been the unofficial theme of this year’s joint convention of the Quebec Prospectors Association (APQ) and the Quebec Association of Professional Geologists and Geophysicis…
Dow edges off in slow trading
The Dow Jones industrial average turned in another slow week, falling 27.38 points (0.2%) to close at 11,233.23 for the report period ended Sept. 12.Spot gold on the Comex division of the New York Mer…
News – 18-SEP-00 (September 18, 2000)
The Northern Miner — North American Mining Index (September 18, 2000)
73.02 (+0.06)(Sept. 30/98 = 100)…
Fortune drills Nico
Once results from a 25-hole drill program are in hand, Fortune Minerals (FT-T) expects to release an updated resource estimate for the Nico cobalt-gold-bismuth deposit 160 km northwest of Yellowknife,…
Northern Miner Indices (September 18, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.7Homestake MiningHM-N5….