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…
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….
Broad market hammered by Nortel forecasts
The Toronto Stock Exchange 300 index nosedived 674.8 points during the Feb. 14-20 report period to finish the week at 8,326.68. The 7.6% loss was triggered by a massive sell-off in Nortel shares after…
Drills turn at Duck Pond (February 26, 2001)
Partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have started a 2,200-metre drilling program, budgeted at $200,000, to investigate new massive-sulphide targets at the Duck Pond prope…
Miners insulated from falling gold
Denver — The Dow Jones industrial average lost 172.44 points, or 1.6%, to finish the Feb. 14-20 report period at 10,730.88, as gold slid to its lowest level in 16 months, reaching US$256.10 per oz. o…
Staff Investment Policy (February 26, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Exchange Rates (February 26, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 20 Feb. 19 Feb. 16 Feb. 15Feb. 14US$ in C$1.53921.53591.5368…
Falco, union settle labour dispute
Peace has come to Ontario’s Sudbury nickel camp now that an agreement has been reached between Falconbridge and its unionized workforce to settle a strike that began Aug, 1, 2000.The agreement was rea…
Correction (February 26, 2001)
In the B section of our Feb. 5 issue, we misquoted David Copeland, director of projects for the Hunter-Dickinson group.Mr. Copeland’s actual words were: “The workable political climate, combined with …
Canadian Stock Exchange Indices (February 26, 2001)
Date Feb. 20 Feb. 19 Feb. 16 Feb. 15 Feb. 14HighLowTSE 300…
Producer and Dealer Prices (February 26, 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$12.25-14.50/lb.Copper: Comex March US$0.8205/lb.Indium: …
TSE Short Positions (February 26, 2001)
Short positions outstanding at February 15, 2001Larger individual positions include:Abitibi-Consolidated Inc. 3,095,372 up 1,809,643; Alcan Inc. 698,147 up 298,204; Anderson Exploration Ltd.