Namco rides out storm
Despite recent financial troubles, Namibian Minerals (NMR-T) managed to post a small profit in 2000.The company (Namco) earned US$1 million (or 2 per share) on revenue of US$41.8 million, compared wi…
News
Gold Funds (June 04, 2001)
Gold Funds as of May 24, 2001Dundee Precious MetalsCentral FundNet Value$14.21$5.59Price$10.10$5.18…
LME Warehouse Levels (June 04, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 29/01 (change from May 22 in brackets):MetalStock (tonnes)ChangeAluminium570525(+…
Friedland back at Bakyrchik mine
Not for nothing has the huge Bakyrchik gold mine in northeastern Kazakstan been called “the money-pit of the steppes.” The Russians, the Australians, and then a North American company all tried to mak…
Crew advances Nalunaq project
Having confirmed the high-grade nature of its 67%-owned Nalunaq gold project in South Greenland, Crew Development (CRU-T) is proceeding with a $28.7-million private placement in order to finance furth…
Golden Star acquires Prestea concession
Denver-based Golden Star Resources (GSC-T) has reached an agreement with Ghana’s Prestea Gold Resources (PGR), a worker-owned company, to acquire its namesake concession.Control of the Prestea deposit…
SouthernEra reduces debt with share issue
The international arm of Rand Merchant Bank has agreed to convert another US$2 million of debt owed by SouthernEra Resources (SUF-T) into shares.RMB International (Dublin) is to receive 1.5 million sh…
Cumberland gets nod for exploration upside
Despite considerable exploration success at two gold projects in Nunavut, Cumberland Resources (CBD-V) is trading at a 5-year low of 80, down even from its 52-week high of $1.55. Graeme Currie, analy…
REGULAR DEPARTMENTS (June 04, 2001)
CareersClassifiedCommentaryDrillersEditorialFacts ‘N’ FiguresInvestment CommentaryLetter to the EditorMetal PricesMetals CommentaryProfessional DirectoryStock TablesSubscription Services…
Metals hang on to recent gains
During the report period May 21-25, the major metals traded on the London Metal Exchange (LME) held onto gains that had been made in the previous week. In terms of cash price performance, copper was t…
Producer and Dealer Prices (June 04, 2001)
Antimony: Mid-mkt US$1,130/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.00-12.75/lb.Copper: Comex July US$0.767/lb.Indium: In…
Staff Investment Policy (June 04, 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…