Staff Investment Policy (November 06, 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…
News
Noranda
Vancouver — Improved earnings from coal operations and Cominco’s (CLT-T) solid financial performance helped Teck (TEK-T) post an impressive third-quarter profit.The Vancouver-based major tabled earni…
Metal Prices (November 06, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25Aluminium1469/14…
The Northern Miner — North American Mining Index (November 06, 2000)
67.23 (+4.20)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 06, 2000)
40.95 (-1.13)(Sept. 30/98 = 100)…
Imperial drills new discovery
A zone of massive sulphide mineralization has been discovered at surface on claims wholly owned by Imperial Metals (IPM-T), 7.5 km from its Goldstream mill, near Revelstoke, B.C.Results from nine chan…
Merger part of Etruscan strategy
In an attempt to expand its African holdings, Etruscan Resources (EET-T) has entered into an agreement to merge with Mountain Lake Resources (MOA-V).Subject to due diligence, the companies plan to mer…
Weak gold price spells loss for Newmont
Denver — Despite strong cash flow, Newmont Mining (NEM-N) incurred a loss of US$18.7 million (or 11 per share) in the third quarter, compared with a loss of US$39 million (23 per share) in the corr…
Teck’s Pogo at feasibility, Anarraaq takes shape under Cominco program
Affiliated companies Teck (TEK-T) and Cominco (CLT-T) generated the most excitement in Alaska this past year by advancing their respective Pogo and Anarraaq deposits. Teck’s Pogo gold project, situate…
Francisco
Vancouver-based Gabriel Resources (GBU-T) has added more than 100 million tonnes to the resource base of its Rosia Montana gold-silver project in west-central Romania.At a cutoff grade of 0.6% gram go…
Nickel majors post hefty profits
Powered by sustained high prices for nickel and copper, Inco (N-T) and Falconbridge (FL-T) both recorded large profits during the third quarter.Inco reported net earnings of US$79 million (US37 per f…
Green Creek explores new ground
The operators of the Greens Creek polymetallic mine, in southeastern Alaska, have resumed exploration drilling following a brief hiatus.Over the past year, Kennecott Minerals, a division of the mine’s…