Northern Miner Indices (December 11, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
News
Spot Prices Wed. December 6, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.85+$1.85Silver$ 4.71+$0.01Platinum$599.00-$1.00…
Lottie Lake source eludes Hudson Bay
A short, 6-hole drill program by Hudson Bay Exploration & Development on the Lottie Lake sulphide prospect in central British Columbia has failed to find the source of high-grade copper boulders uncov…
SouthernEra posts profit
Lower amortization costs translated into a modest profit for SouthernEra Resources (SUF-T) in the three months ended Sept. 30.Net earnings topped $701,000 (or 3 per share) on revenue of $5.1 million,…
Producer and Dealer Prices (December 11, 2000)
Antimony: Mid-mkt US$1,450/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-15.00/lb.Copper: Comex March US$0.869/lb.
VBN redemption gets nod
At a special meeting in Toronto, shareholders of Inco’s (N-T) Class VBN shares (NV-T) voted in favour of amending the terms of the shares, thereby accepting a redemption offer from Inco.The company ca…
Market improves after slump
Denver — The Dow Jones industrial average jumped 391.14 points, or 3.7%, to close at 10,898.72 for the report period ended Dec. 5. The rise reflected both the possibility of a interest rate cut and t…
Atna rated a speculative buy
Tax-loss selling at this time of year typically creates a seasonal weakness that many speculative investors use to their advantage, to bottom-feed on the junior resource sector.At 40-42, Atna Resourc…
Imperial hits sulphides near Revelstoke
Vancouver — Imperial Metals (IMP-T) has intersected massive sulphides in four of seven holes drilled at the Spire property, near Revelstoke, B.C. The target is described as having encouraging copper …
Weda Bay boosts nickel-cobalt resource (December 11, 2000)
Weda Bay Minerals (WDA-T) has substantially increased the resource base at its nickel-cobalt laterite project on Halmahera island, Indonesia.Indicated resources have doubled to 133 million tonnes grad…
Twin Mining proves up Torngat diamond property
Toronto-based Twin Mining (TWG-T) has pulled commercial-size stones from the diamondiferous kimberlite dykes in the Alluviaq Fjord area of the Torngat Mountains in northwestern Quebec.The Torngat prop…
Virginia, Soquem test target
Drilling by partners Virginia Gold Mines (VIA-T) and Quebec government-owned Soquem has intersected nickel, copper and cobalt mineralization at the Chute-des-Passes property, 150 km north of Lac St. J…