Newmont turns Black Hawk down
Newmont Mining (NEM-N) has decided not to act on an option to earn earn a 55% stake in Black Hawk Mining’s (BHK-T) exploration properties in Nicaragua.Newmont had already sunk US$1.5 million into expl…
Articles by Northern Miner Staff
Markets stage stunning rally
The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…
The Northern Miner — North American Mining Index (October 21, 2002)
65.44 (-0.20)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (October 21, 2002)
66.80 (-1.72)(Sept. 30/98 = 100)…
Lending Rates (October 21, 2002)
as of 4 pm ET, Oct. 15, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.82LIBOR US$ 1-year1.95Gold lease 3-month0.42Gold leas…
Producer and Dealer Prices (October 21, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.32/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6…
Canadian Stock Exchange Indices (October 21, 2002)
DateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9HighLowTSX Composite6219.44Holiday5978.665812.855…
Exchange Rates (October 21, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9US$ in C$1.5855Holiday1.58881.5…
Toronto exchange roars back to life
Attracted by bargain prices, buyers outpaced sellers over the Oct. 9-15 report period to push the benchmark up 388.87 points. The TSX/S&P Composite Index finished the holiday-shortened week at 6,219.4…
Junior market slides lower still
Vancouver — Canada’s junior exchange failed to follow the major bourses higher as investors found little reason to buy speculative issues during the holiday-shortened report period ended Oct. 15. The…
GREATEST VALUE TRADED, OCTOBER 9-15
ExchgVal($000s)HighLowCloseChangeAlcoa*N50345821.8117.6221.65+3.14…
Daily Metal Prices (October 21, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9Al Alloy1220/1228…