Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….
Articles by Northern Miner Staff
CDNX slides into bear territory
Vancouver — Canada’s junior exchange saw losses on all indices except oil and gas during the report period ended Feb. 27. The Canadian Venture Exchange dropped 48.04, or 1.5%, to finish the week at 3…
Namco sinking into deep red sea
Cash-strapped Namibian Minerals (NMR-T) has placed its South African and Namibian subsidiaries into provisional liquidation, putting a halt to its marine diamond production.Courts in both countries ha…
Hudbay captures Bill Dennis Award
An exploration team from Hudson Bay Exploration & Development, has captured the Prospectors and Developers Association of Canada’s (PDAC’s) 2001 Bill Dennis prospector of the year Award.The team, cons…
Higher prices strengthen SPC
Denver — Higher copper prices and cost-cutting measures contributed to improved earnings for Southern Peru Copper (PCU-N) in the fourth quarter.The company posted net earnings of US$30.6 million (or …
Gold still a storehouse of value
That was a great editorial about gold (T.N.M., Feb.19-25/01). Not quite enough about its potential as a store of value, however — a role gold has filled for hundreds of centuries.The other day when t…
WGC upgrades marketing budget
The World Gold Council (WGC) has raised its promotional budget to more than US$50 million and appointed London-based Bartle Bogle Hegarty (BBH) to handle advertising and marketing.”We are confident th…
Exchange Rates (March 05, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 27 Feb. 26 Feb. 23 Feb. 22Feb. 21US$ in C$1.52591.53131.5374…
Gold Funds (March 05, 2001)
Gold Funds as of February 22, 2001Dundee Precious MetalsCentral FundNet Value$12.13$5.18Price$6.53$4.610…
Producer and Dealer Prices (March 05, 2001)
Antimony: Mid-mkt US$1,310/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.25-14.50/lb.Copper: Comex March US$0.801/lb.Indium: I…
Canadian Stock Exchange Indices (March 05, 2001)
Date Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21HighLowTSE 300…
All eyes on nickel
Broadly speaking, metals markets slipped during the Feb. 19-23 report period as market-watchers saw an end to the quiet, range-bound trading that prevailed during the previous two weeks.The cause of t…