News


Northern Miner Indices (February 26, 2001)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….


Metal Prices (February 26, 2001)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 20Feb. 19Feb. 16Feb. 15Feb. 14Aluminium1587/15…


Writedown sinks Glamis Gold in quarter

Denver — Despite producing a record amount of the yellow metal, Glamis Gold (GLG-N) reported a fourth-quarter loss of US$37.5 million (or 54 per share) after posting a US$37.5-million writedown.For …


Slumping mining index burdens CDNX

Vancouver — Canada’s junior exchange continued to drift lower as all indices except oil-and-gas ended the Feb. 14-20 report period in the red. The Canadian Venture Exchange slumped 94.78 points, or 2…



Newmont posts loss

Denver — Higher production was not enough to offset the effects of low gold prices for Newmont Mining (NEM-N) in 2000.In the fourth quarter, the Denver-based company earned US$19.7 million (or 12 pe…


News – 19-FEB-01 (February 19, 2001)

Conversion of Weights and Measures1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (s…


McWatters suspends mining

McWatters Mining (MCW-T) has suspended all mining at its Sigma-Lamaque open-pit gold mine in Val d’Or, Que., and will review the viability of continuing operations at its nearby Kiena underground gold…


Cariboo geology adds up for International Wayside

Over the past year, International Wayside Gold Mines (IWA-V) has made significant progress in its understanding of the structure of, and controls to, gold mineralization in the Cariboo camp in central…


Producer and Dealer Prices (February 19, 2001)

Antimony: Mid-mkt US$1,310/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.95-14.50/lb.Copper: Comex March US$0.8245/lb.Indium: …


More high grades at Tulawaka

Drilling on the Tulawaka property in northern Tanzania has revealed more high-grade results for partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T).The companies are focusing on the East zone, …


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