Northern Miner Indices (November 06, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6…
News
Canadian Stock Exchange Indices (November 06, 2000)
DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25HighLowTSE 3009639.579253.
Inmet turns profit in quarter
Earnings at Inmet Mining (IMN-T) were steady in the third quarter despite changes in accounting procedures that kept profits from the Ok Tedi mine in Papua New Guinea off the books. The company earned…
Refugio’s fate in doubt as losses mount
Despite the best efforts of partners Kinross Gold (K-T) and Bema Gold (BGO-T), the Refugio mine in Chile’s Maricunga district seems unable to turn a profit in today’s brutal price environment.Represen…
Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Jittery western market loses ground
Vancouver — Canada’s junior exchange posted losses on all fronts during the report period ended Oct. 31. The Canadian Venture Exchange composite index dropped 66.57 points, or 2%, to finish the week …
Noranda continues profitable growth, enhances Perseverance
Stronger commodity prices nudged Noranda’s (NOR-T) third-quarter earnings a little higher, despite higher energy prices and an ongoing strike at the Sudbury, Ont., operations of subsidiary Falconbridg…
Grade problems hamper Harmony’s performance
During a period when South Africa’s mining industry consolidated to a handful of companies from 37 producers, Harmony Gold Mining (HGMCY-Q) grew into a multi-million-ounce producer by expanding beyond…
Eight new members inducted into National Hall of Fame in US
Eight new members have been inducted into the National (U.S.) Mining Hall of Fame in Leadville, Colo.The ceremony was held at the Las Vegas Hilton and hosted by Dr. Thomas Falkie, chairman of Philadel…
Exchange Rates (November 06, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25…
Zaldivar boosts Placer’s performance
Placer Dome’s (PDG-T) wholly owned Zaldivar copper mine is proving a significant contributor to the major’s bottom line. Situated in northern Chile, the open-pit, heap-leach operation added US$213 mil…
Agnico-Eagle completes LaRonde mine expansion
Having expanded its LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) is expecting a steady stream of cash flow.In October, underground production was ramped up to 5,000 tons per da…