Ruttan to close sooner
The Ruttan copper-zinc mine in northern Manitoba will be closing sooner than expected, owing to low metal prices.Hudson Bay Mining & Smelting had announced in the mid-1990s that the mine would shut do…
Articles by Northern Miner Staff
Daily Metal Prices (November 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 13Nov. 12Nov. 9Nov. 8Nov. 7Aluminium1303.50/13…
PGM traffickers cuffed
Johannesburg-based Business Day reports that local police have closed in on criminal syndicates suspected of stealing and trafficking in platinum group metals. Authorities arrested 40 people in the Ru…
Correction (November 19, 2001)
Vancouver — In our Nov. 5-11 issue, we reported that Eldorado Gold’s (ELD-T) projected production for 2001 is 117,000 oz. and that operating costs are forecast at US$209 per oz.Eldorado forecasts gol…
NAME CHANGES (November 19, 2001)
Lucero Resource (LCR-V) has changed its name to Squared Developments (SQD-V) on a 1-new-for-10-old-share basis.Totem Mining (TOH-V) has changed its name to Comcorp Ventures…
Silver Standard active in Argentina
Vancouver — Junior Silver Standard Resources (SSO-V) reports impressive results from infill and exploration drilling at the Manantial Espejo silver-gold project in Argentina’s Santa Cruz province.So …
Mtn Province arranges financing
Low on cash, Mountain Province Diamonds (MPV-T) intends to raise just under a million dollars in a private placement of more than 1.9 million units priced at 50 apiece.A unit will consist of one shar…
GREATEST VALUE TRADED, NOV. 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N39981536.4633.6036.30+2.29…
Northern Miner Indices (November 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
TVX chalks up quarterly loss (November 19, 2001)
Lower realized prices and the devaluation of the Brazilian real saw TVX Gold (TVX-T) end the third quarter in the red.Net losses in the three months ended Sept. 30 totalled US$1.1 million on revenue o…
Newmont bid stirs market
Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…
MOST ACTIVE ISSUES, NOV. 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N1101436.4633.6036.30+2.29…