GREATEST VALUE TRADED, JULY 25-31
ExchgVal($000s)HighLowCloseChangeAlcoa*N 548533 40.00 37.00 39.23 + 2.00…
Articles by Northern Miner Staff
Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
Kinross to test depth of Goose (August 06, 2001)
Kinross Gold (K-T) has begun drilling at the Goose Lake deposit of Wheaton River Minerals (WRM-T). It is the largest of six deposits that constitute the George Lake project in Nunavut.Kinross can earn…
Richmont bleeds red ink
Vancouver — Yet another junior producer feeling the pinch of historically low gold prices is Richmont Mines (RIC-T), which posted a loss of $4.35 million (or 29 per share) in the quarter ended June …
Mining index suffers summer slump
Vancouver — Canada’s junior exchange lost ground over the report period ended July 31, with the mining index slipping considerably. The Canadian Venture Exchange composite index lost 10.69 points, or…
Northern Miner Indices (August 06, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Metal Prices (August 06, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 31July 30July 27July 26July 25Aluminium1378/14…
Old Rio mines bolster BHP-Billiton
Added production from mines acquired in the Rio Algom takeover nudged BHP-Billiton’s (BHP-N) copper production past the 1-million-tonne mark for the fiscal year ended June 30.The newly merged miner’s …
Leaden copper prices sink Phelps Dodge
Denver — Lower copper prices and a production shortfall hampered the second-quarter performance of Phelps Dodge (PD-N), resulting in a loss of US$103 million before restructuring charges and non-recu…
Cukurdere zone expanded
The latest results from reverse-circulation (RC) drilling at the Cukurdere project in central Turkey have confirmed previous values.Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-…
Barrick profits clipped
Lower production and higher power costs at key mines took a bite out of Barrick Gold’s (ABX-T) second-quarter earnings, but the major says it still expects year-end earnings to ring in at about US70 …
Golds nosedive but base metals stay afloat
The Toronto Stock Exchange moved modestly higher during the report period July 25-31, adding 103.18 points to finish at 7,689.69, for a gain of 1.4%.Base metal shares outpaced the broad market with a …