Atna rated a speculative buy
Tax-loss selling at this time of year typically creates a seasonal weakness that many speculative investors use to their advantage, to bottom-feed on the junior resource sector.At 40-42, Atna Resourc…
News
Hucamp sampling picks up PGEs
Sampling by Hucamp Mines (YHU-V) at the Alexo and Dundonald South properties, about 40 km northeast of Timmins, has returned platinum and palladium values from two known nickel deposits.Hucamp, which …
Staff Investment Policy (December 11, 2000)
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…
Market rally lifts base metal majors
Triggered by hints of lower interest rates and an end to the election quagmire in the U.S., stocks on the Toronto market enjoyed a broad rally, with the TSE 300 index up a whopping 4% over the Nov. 29…
Francisco steps up drilling at Marlin
Vancouver — With a second round of drilling under way at its promising Marlin prospect in Western Guatemala, junior Francisco Gold (FGX-V) has tabled impressive gold-silver grades from a roadcut sout…
Int’l Annax expands high-grade zone
Junior International Annax Ventures (IAX-V) has extended the southern boundary of the main zone of stratiform massive sulphide mineralization at the Dairi project in northwestern Sumatra, Indonesia.A …
Higher prices offset low volumes
The report period Nov. 27-Dec. 1 saw most London Metal Exchange (LME) metals hold on to gains made late in the previous week. Nickel, aluminum and copper were the main climbers, with weekly average pr…
Gold Council launches ad campaign
The World Gold Council has launched a major new advertising campaign aimed at jewelry-conscious women.AngloGold, the world’s largest gold producer, is a partner in the project, which is expected to co…
EXCHANGE RATES (December 11, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29US$ in C$1.
Anaconda explores Magistral
Vancouver — Armed with a recently completed internal scoping study, Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta Minerals (ANFGF-O), will continue to explore the Magistral cop…
Nelson posts loss
Despite cost improvements at its Jilau gold mine, in Tajikistan, Nelson Resources (NLG-T) posted a loss for the first three quarters of 2000.The company lost US$400,000 in the quarter ended Sept. 30, …
Gold needs more marketing
Most gold miners have succeeded in cutting production costs as a result of lower gold prices but appear to have ignored the real problem: increasing the demand for gold.We now hear and see commercials…