Spot Prices Wed. May 23, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$283.85+$14.75Silver$ 4.52+$0.08Platinum$612.00+…
News
Northern Miner Indices (May 28, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Staff Investment Policy (May 28, 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…
Morgain refurbishes plant
With government and environmental approvals in hand, Morgain Minerals (MGM-V) is gearing up to begin production at La Sauceda, a silver vat-leach project in Mexico’s Zacatecas state.The vat-leach plan…
Akrokeri-Ashanti sets records
Turning a profit at current gold prices is no easy task, which is why management of Akrokeri-Ashanti Gold Mines (YAG-V) is justifiably proud of the numerous records set during the 2001 first quarter a…
Claude tries to hold down costs at Seabee
The Seabee gold mine in Saskatchewan’s La Ronge district has produced modest profits for most of its 10-year operating history. Not so in the first quarter of 2001, when operator Claude Resources (CRJ…
Tiberon outlines Nui Phao deposit
Vancouver — Junior Tiberon Minerals (TBR-V) has again tabled encouraging results from its Nui Phao tungsten project, north of Hanoi, Vietnam.Drilling is focused on a large geophysical anomaly known a…
Franco buys Metallica stake
Toronto-based Franco-Nevada Mining (FN-T) has acquired an additional 1.2 million shares of Metallica Resources (MR-T), boosting its equity stake to 3.4 million shares, or 12.76% of the Colorado-based …
Correction (May 28, 2001)
In our May 14-20 issue, we erroneously reported that the Algerian government is charging US$2,000 per line km of geological information. The correct charge is US$2 per line km.
Teck eyes Kantela, Shea
Teck (TEK-T) is funding an exploration program at Orezone Resources’ (ORZ-T) Kantela gold property in Mali.The major can earn 60% interests in the Kantela and Shea gold properties (the latter is in Gh…
McWatters reports quarterly loss
With mining suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) has posted a loss of $2.9 million (or 4 per share) on revenue of $13.2 million for the first …
River slips deeper in red
Low gold prices and grades combined with higher fuel prices to land River Gold Mines (RIV-T) $1.9 million in the red during the first quarter.The 6-per-share loss compares with a loss of $500,000, or…