News

Congratulations are due to Robert (Ned) Reid for his response letter (T.N.M., July 31-Aug. 6/00). Congratulations are also due to The Northern Miner for printing it.I have known Mr. Reid personally fo…

ExchgVol(000s)HighLowCloseChangeAlcoa*N 10242 34.88 30.69 34.62 + 3…

ExchgVal($000s)HighLowCloseChangeAlcoa*N 354657 34.88 30.69 34.62 +…

Mauritania has secured a US$16.5-million loan from the World Bank for its Projet de renforcement institutionnel du secteur minire (PRISM), which is aimed at attracting investors by mapping the countr…

Precious MetalsPrice (US$/oz.)ChangeGold$272.30-$4.85Silver$ 4.87-$0.09…

Gold Funds as of August 3, 2000Dynamic MutualCentral FundNet Value$12.70$5.48Price$7.

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 8Aug. 7Aug. 4Aug. 3Aug. 2…

Ivanhoe Capital’s privately held affiliate, African Minerals, has appointed Hugo Dummett chief executive officer and co-chairman.Dummett was formerly BHP Minerals’ senior vice-president and played a l…

Toronto-based Goldcorp stepped into the spotlight during the August 2-8 report period as the company celebrated the pouring of its first gold bar from the High Grade zone at its Red Lake mine in north…

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 8Aug. 7Aug. 4Aug. 3…

Antimony: Mid-mkt US$1,615/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.20/lb.Copper: Comex Sept. US$0.8615/lb.Indium: …