The Northern Miner — North American Mining Index (February 19, 2001)
68.34 (-0.95)(Sept. 30/98 = 100)…
Articles by Northern Miner Staff
The Northern Miner — Small Producers Index (February 19, 2001)
47.74 (-0.52)(Sept. 30/98 = 100)…
Newmont posts loss
Denver — Higher production was not enough to offset the effects of low gold prices for Newmont Mining (NEM-N) in 2000.In the fourth quarter, the Denver-based company earned US$19.7 million (or 12 pe…
Antofagasta exceeds expectations
Denver — Improvements in the grinding circuit have resulted in higher processing rates at the Los Pelambres copper mine in northern Chile.The open-pit mine, 60% held by Antofagasta, beat production f…
MOST ACTIVE ISSUES, FEBRUARY 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13466 37.75 35.43 35.70 -1.54…
GREATEST VALUE TRADED, FEBRUARY 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N 480742 37.75 35.43 35.70 -1.54…
Power sales drive Cominco (February 19, 2001)
Vancouver — Power sales to energy-strapped California have generated a financial windfall for Cominco (CLT-T). The company, now owned 50.1% by Teck (TEK-T), saw its profits double during 2000.The ste…
Noranda profits grow
Stronger metal prices enabled Noranda (NOR-T) to overcome hefty unusual costs and to end 2000 substantially richer than it began.The major earned $293 million (or $1.14 per share) on sales revenue of …
Teck gets boost from Cominco
By purchasing almost 5.2 million shares of Cominco (CLT-T) at a cost of $127 million in 2000, Teck (TEK-T) increased its ownership of the company to 50.1% and took steps to consolidate it as a subsidi…
Monetary value in question The commodity formerly known as gold
The return of the Republican Party to the U.S. presidency has brought some of the weirder economic views of the political right back into polite discourse. George Bush, Jr., has already unveiled a bud…
Odds ‘n’ sods: Hart and Soul of Elliot Lake
In earlier columns, I referred to the Preston East Dome team and Technical Mine Consultants (TMC), which were both controlled by Joseph Hirshhorn (1899-1981). The so-called Preston East Dome team cons…
NAME CHANGES (February 19, 2001)
Claddagh Gold Ltd. (CDG-V) has changed its name to Resorts Unlimited Management Inc. (RUM-V) on a 1-new-for-4-old-shares basis.