Staff Investment Policy (March 05, 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
Resource up, Rio out of project
A new resource estimate has increased the tonnage at the Sobre Saliente prospect in northern Uruguay, but Rio Tinto (RTP-N) has informed its joint-venture partner, Uruguay Goldfields (UGI-V), that it …
Sherritt makes bid for Luscar coal fund
In partnership with the Ontario Teachers’ Pension Plan, a unit of Sherritt International (S-T) has made an offer to acquire all of the outstanding shares of the Luscar Coal Income Fund (LUS-T).The tot…
UWO raising funds for Fyfe chair
The scientific career of one of the country’s greatest living geologists is to be commemorated by an endowed research and teaching chair in the Department of Earth Sciences at the University of Wester…
Sadiola Hill gold mine has record year
Western Mali’s Sadiola Hill gold mine, owned by AngloGold (AU-N), Iamgold (IMG-T), and the Malian government, has finished a record year of production.Sadiola poured 611,442 oz. gold in 2000, a record…
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
LME Warehouse Levels (March 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 27/01 (change from Feb. 20 in brackets):MetalStock(tonnes)ChangeAluminium477075(…
Breakwater ends year with mixed results
Zinc miner Breakwater Resources (BWR-T) posted a $13.5-million loss for 2000 despite recording its highest revenue yet: $319 million. The 16-per-share loss compares with 1999 earnings of $22.5 millio…
CDNX slides into bear territory
Vancouver — Canada’s junior exchange saw losses on all indices except oil and gas during the report period ended Feb. 27. The Canadian Venture Exchange dropped 48.04, or 1.5%, to finish the week at 3…
Gold still a storehouse of value
That was a great editorial about gold (T.N.M., Feb.19-25/01). Not quite enough about its potential as a store of value, however — a role gold has filled for hundreds of centuries.The other day when t…
WGC upgrades marketing budget
The World Gold Council (WGC) has raised its promotional budget to more than US$50 million and appointed London-based Bartle Bogle Hegarty (BBH) to handle advertising and marketing.”We are confident th…
Exchange Rates (March 05, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 27 Feb. 26 Feb. 23 Feb. 22Feb. 21US$ in C$1.52591.53131.5374…