SouthernEra beefs up management, reduces debt
In a move aimed at strengthen- ing its operations, SouthernEra Resources (SUF-T) has appointed two South African miners to run the company.SouthernEra has been searching for new chief executive and op…
News
Gold shines through auction
Denver — The Dow Jones industrial average was quiet during the report period ended Jan. 23, moving down 9.85 points, or 0.1%, to 10,649.81, while spot gold perked up to US$266.10 on the Comex divisio…
Low prices hit Placer Dome
The harsh realities of operating gold mines in a stagnant low-price environment have forced Placer Dome (PDG-T) to write down the value of certain assets and reduce reserves and resources at various e…
MOST ACTIVE ISSUES, JAN. 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13461 34.81 31.81 33.94 +0.38…
Canadian Mining Hall of Fame salutes six
Scientific excellence and technical creativity were the centrepieces at the annual induction ceremony and dinner of the Canadian Mining Hall of Fame in mid-January, with six inductees that were all mo…
GREATEST VALUE TRADED, JAN. 17-23
ExchgVal($000s)HighLowCloseChangeAlcoa*N 456863 34.81 31.81 33.94 +0.38…
Sirios finances exploration
Junior Sirios Resources (SOI-M) has completed the first portion of a public financing, raising $569,000 by placing 554 A units and 15 B units.As a result, more than 2.8 million shares will be issued a…
Canadian Stock Exchange Indices (January 29, 2001)
DateJan. 23Jan. 22Jan. 19Jan. 18Jan. 17HighLowTSE 30…
The Northern Miner — Small Producers Index (January 29, 2001)
49.74 (+2.97)(Sept. 30/98 = 100)…
TSE Short Positions (January 29, 2001)
Short positions outstanding at January 15, 2001Larger individual positions include: Abitibi-Consolidated Inc. 1,368,704 up 361,204; Anderson Exploration Ltd. 1,996,627 up 593,827; Barrick Gold Corp.
Tight spreads bolster base metals
The report period Jan. 15-19 was a strong one for base metals prices as tight nearby spreads in aluminum, copper and nickel supported the complex, pushing cash and 3-month quotes in several key market…
Cusac to drill PGM property
A contract for the first 5,000 ft. of a 30,00-ft. drill program has been let by Cusac Gold Mines (CQC-T) to test the Clearwater platinum project, north of Kamloops, B.C.Cusac President Guilford Brett …