The Northern Miner — Small Producers Index (December 25, 2000)
43.52 (-3.2)(Sept. 30/98 = 100)…
News
Zincor to take Kipushi option
America Mineral Fields (AMZ-T) reports that Zinc Corp. of South Africa (Zincor) intends to exercise its option at the dormant Kipushi zinc-copper mine in the Democratic Republic of Congo.Under an agre…
Richmont forges ahead at Hammerdown project
Richmont Mines (RIC-T) has received heartening results from bulk sampling at the Hammerdown gold property in northwestern Newfoundland.Between July and September, Richmont extracted 19,300 tons gradin…
K252 deemed best pipe yet in Alberta
Based on results from a mini-bulk sample, the K252 kimberlite is the best yet of the 35 pipes so far discovered by Ashton Mining of Canada (ACA-T) in the Buffalo Hills area of north-central Alberta.A …
Glamis, Metallica learn urban planning
Denver — Mining investors focus on drill results, feasibility studies and rates of return to determine which securities to buy. However, mining companies must do more than play with numbers to ensure…
Metal Prices (December 25, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13Aluminium1602.50…
Spot Prices Wed. December 20, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.20+$0.25Silver$ 4.61-$0.04Platinum$603.00-$1…
Producer and Dealer Prices (December 25, 2000)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-15.50/lb.Copper: Comex March US$0.8695/lb.Indium: …
Canadian Stock Exchange Indices (December 25, 2000)
DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13HighLowTSE 3008886.179008.639020.049069.389098.12…
Golds shine amid market downturn
It has been a while, but gold lived up to its reputation as a safe haven during the Dec. 13-19 report period, as a weakening U.S. dollar prompted gold-buying overseas.The buying came amid the U.S. Fed…
Placer explores Madsen
Placer Dome (PDG-T) is gearing up to explore the 40-sq.-km Madsen gold project in Red Lake, Ont.The major, which operates the nearby Campbell gold mine, can earn a 55% interest from Claude Resources (…
Hecla sells non-core assets
Denver — Hecla Mining (HL-N) has agreed to sell its ball clay and kaolin division to Toronto’s Zemex (ZMX-T) for US$68 million.The Coeur d’Alene, Idaho-based miner will use the proceeds to pay down b…