Spot Prices Wed. January 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.70-$2.30Silver$ 4.53 $0.00Platinum$637.00+$23.00…
Articles by Northern Miner Staff
Northern Miner Indices (January 15, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Exchange Rates (January 15, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 9Jan. 8Jan. 5Jan. 4Jan. 3US$ in C$1.49741.49481.49781.4983…
Hornby Exploration expands exploration portfolio
An agreement with an industrial company paves the way for Hornby Bay Exploration (YHB-V) to acquire 8,000 ha of base metal and gold properties across Canada.In exchange for cash, shares and warrants, …
TSE Short Positions (January 15, 2001)
Short positions outstanding at December 31, 2000Abitibi-Consolidated Inc. 1,007,500 up 777,341; Alcan Aluminium Ltd. 552,334 up 256,600; Anderson Exploration Ltd. 1,402,800 down 149,533;…
Afri-Can Minerals completes surveys in Namibia (January 15, 2001)
Montreal-based Afri-Can Marine Minerals (AFA-M), formerly known as Nora Exploration, has completed aerial and marine geophysical surveys of blocks J and B at its marine diamond concession north of Lud…
Falco counters union complaint
Falconbridge (FL-T) has filed a detailed response to a charge of unfair labour practices lodged by Canadian Auto Workers (CAW) union local 598 in Sudbury, Ont.A company spokesman says the union’s comp…
Rio Tinto options gold target in French Guiana
Denver — Rio Tinto Mining & Exploration, a subsidiary of London-based Rio Tinto (RTP-N), has inked a deal with Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSR-X) to explore the Pau…
Ivanhoe gets nod for merger with ABM
Shareholders of Ivanhoe Mines (IVN-T) overwhelmingly approved a merger with ABM Mining that will create an international mining company with copper operations in Myanmar (formerly Burma) and iron-ore …
Sarmin goes public as TGW
Sarmin Exploration, a private Ontario company with an exploration portfolio in the Dominican Republic, has begun trading publicly following a reverse-takeover of Quebec-based Boreal Exploration (BOR-M…
Palladium shoots past US$1,000-per-oz. mark
Palladium was the bright light among the precious metals during the Jan. 3-9 report period, at last cracking the US$1,000-per-oz. barrier to reach a record high of US$1,047 per oz. Prices for palladiu…
Rate cut can’t stop slide
Denver — The sudden interest rate cut by the U.S. Federal Reserve put a charge into the market on Jan. 3, only to see record-setting gains evaporate. The market finished the report period ended Jan. …