Staff Investment Policy (September 10, 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…
News
Northern Miner Indices (September 10, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Spot Prices Wed. September 5, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.70-$1.15Silver$ 4.19-$0.02Platinum$442.00-$…
Solitario active in Bolivia, Brazil (September 10, 2001)
Denver-based Solitario Resources (SLR-T) has begun an 8-hole drilling campaign on its wholly owned Rincon del Tigre platinum-palladium deposit in eastern Bolivia.The program is focused on the extensiv…
GOLD FUNDS (September 10, 2001)
Gold Funds as of August 30, 2001Dundee Precious MetalsCentral FundNet Value$13.71$5.21Price$9.75$5.00…
LME Warehouse Levels (September 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 04/01 (change from Aug. 28 in brackets):MetalStock (tonnes)ChangeAluminium675875…
Ashton raises $2.6m
Proceeds from a $2.6-million share offering will be used by Ashton Mining of Canada (ACA-T) for ongoing diamond exploration at its projects in Quebec, Alberta, Northwest Territories and Nunavut.The Ri…
Hecla Mining lands private placement
Denver — Hecla Mining (HL-N) has completed a US$5.5-million private placement, using money from its pension plan.The pension plan has assets of more than US$55 million, surpassing its projected oblig…
Star yields low count
A sub-surface layer of till containing kimberlite float boulders in the Northwest Territories has returned a low diamond count. Ashton Mining of Canada (ACA-T) discovered the layer on the Star joint-v…
GREATEST VALUE TRADED, AUG. 29-SEPT. 4
ExchgVal($000s)HighLowCloseChangeAlcoa*N38002839.3437.0238.54-0.24…
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Gold properties fall to bargain hunters
The mining adage that gold properties are worth whatever someone will pay for them holds true in good times and bad. And in these tough times, mines can be had, and are being had, at bargain-basement …