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…
Articles by Northern Miner Staff
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…
Vannessa seeks injunction
Vancouver — Legal issues are once again taking centre-stage at the Las Cristinas gold property in Bolivar state, Venezuela. Minera Las Cristinas (Minca), which is 95%-held by Vannessa Ventures (VVV-V…
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…
Franco, Normandy rise on Newmont bid
Gold prices experienced two mini-rallies during the Nov. 7-13 trading period before settling down to a trading range of US$277-278 per oz.The first spike came on the morning of Nov. 12 following the c…
Glamis Gold builds on profitable performance
Vancouver — Improved production at the Rand mine in southern California helped Glamis Gold (GLG-T) post its fourth straight quarterly profit.Earnings for the third quarter totalled US$600,000 (or US1…
LME Warehouse Levels (November 19, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 13/01 (change from Nov. 6 in brackets):MetalStock (tonnes)ExchangeAluminium694150…
MOST ACTIVE ISSUES, NOV. 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N1101436.4633.6036.30+2.29…
Exchange Rates (November 19, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 13Nov. 12Nov. 9Nov. 8Nov. 7US$ in C$1.5981na1.60211.5981…
Producer and Dealer Prices (November 19, 2001)
Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.75-7.60/lb.Copper: Comex Dec. US$0.6775/lb.Indium: Ind…