Randgold proposes buyback (July 09, 2001)
It’s not the kind of thing that happens often in the gold industry, but Johannesburg-based Randgold Resources has proposed a mandatory buyback of part of its issued capital.The company is offering to …
News
Knife pipe pegged at 6 ha
Based on the results of delineation drilling, together with ground geophysical data, the Knife kimberlite pipe in Nunavut is estimated to comprise a surface area of 6 ha.During spring drilling, the Ca…
Industrial slump drags down base metals
A small gain in lead prices prevented yet another across the board sweep lower in London Metal Exchange (LME) cash prices during the period June 25-29 as the rest of the base metals complex continued …
GREATEST VALUE TRADED, JUNE 27-JULY 3
ExchgVal($000s)HighLowCloseChangeAlcoa*N39234940.8739.4040.40+2.34…
Canadian Stock Exchange Indices (July 09, 2001)
DateJuly 3July 2June 29June 28June 27HighLowTSE 3007748.32Holiday…
X-Cal, Kinross extend deal Prairie Creek
A newly extended agreement with Kinross Gold (K-T) allows X-Cal Resources (XCL-T) to acquire 100% of the Sleeper gold project in Nevada.X-Cal will pay 500,000 shares to Kinross as consideration for th…
Asarco, union reach agreement
Denver — Asarco, a wholly owned subsidiary of Grupo Mexico, has reached an agreement with the United Steel Workers union over contract negotiations.The new, 3-year deal gives workers a wage increase …
The Northern Miner — Small Producers Index (July 09, 2001)
51.42 (-2.28)(Sept. 30/98 = 100)…
Sullivan tours mark closing
To mark the imminent closing of the century-old Sullivan lead-zinc mine, near Kimberly, B.C., Cominco has scheduled a series of talks.The event, scheduled for Nov. 9-10, will also feature tours of und…
Staff Investment Policy (July 09, 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…
NB gold project generates interest
Rollingdam, N.B. — The majors are sitting up and taking notice of a brand-new gold discovery made by Freewest Resources Canada (FWR-M) at its Clarence Stream property in the southwestern corner of Ne…
TVX cleans house
Echoing management’s cry for a new beginning, shareholders of TVX Gold (TVX-T) have approved the early conversion of the company’s US$250-million, gold-linked convertible notes.The decision, which eli…