Staff Investment Policy (February 18, 2002)
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
Gold Funds (February 18, 2002)
Gold Funds as of February 7 2002Dundee Precious MetalsCentral FundNet Value$18.34$5.72Price$13.65$5.85…
LME Warehouse Levels (February 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 12 (change from Feb. 5 in brackets):MetalStock (tonnes)ChangeAluminium875450(+10…
Spot Prices Wed. February 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.40-$0.05Silver$ 4.44-$0.04Platinum$467.00+$…
Lending Rates (February 18, 2002)
as of 4 pm ET, Feb. 12, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Correction (February 18, 2002)
TGW Corp. (GWC-V), which is in joint venture with Virginia Gold Mines (VIA-T) at the Poste Lemoyne gold project in the James Bay area of northwestern Quebec, is listed on the Canadian Venture Exchange…
Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
Daily Metal Prices (February 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6Aluminium1370.50/13…
Northern Miner Indices (February 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Great Basin boosts Ivanhoe (February 18, 2002)
Vancouver — The jump in the price of the yellow metal has prompted Great Basin Gold (GBG-V) to increase the net present value forecast for the Ivanhoe property in Nevada’s Carlin trend.Based on the c…
Northern Empire, Stornoway add to holdings
Under a cloak of secrecy, partners Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV) have acquired two properties totalling more than 4,000 sq. km in northern Canada.Northern Empire Presid…
De Beers gains patch on Baffin Island
News that the Canadian exploration division of De Beers has tied up more than 28,000 sq. km in prospecting permits across northern Baffin Island could put the spotlight on Twin Mining’s (TWG-T) Jackso…