EXCHANGE RATES (December 25, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13US$ in C$1.52171.52541.51761.5…
Articles by Northern Miner Staff
Anglo Platinum funds River Valley program
Pacific North West Capital (PFN-V) is gearing up for another round of drilling at its River Valley platinum group metals (PGM) project in Ontario’s Sudbury region.The company’s partner, Anglo Platinum…
Dow tumbles with no rate cut
Denver — The Dow Jones industrial average slumped 183.90 points, or 1.7%, to 10,584.37 for the report period ended Dec. 19 after the hoped-for interest rate cut failed to materialize. The Nasdaq was …
MOST ACTIVE ISSUES, DEC. 13-19
ExchgVol(000s)HighLowCloseChangeWilliam ResT 19737 0.07 0.04 0.06 -0.00…
GREATEST VALUE TRADED, DEC. 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 572646 34.00 30.12 33.50 +1.88…
Northern Miner Indices (December 25, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Green light for Diavik joint venture
Vancouver — Patience and perseverance have paid off for Rio Tinto (RTP-N) and Aber Diamonds (ABZ-T) at the Diavik joint venture in the Northwest Territories. Following months of licensing delays, the…
Rio Tinto offers to buy larger slice of IOC
British mining giant Rio Tinto (RTP-N) intends to make a cash offer to buy all units of Labrador Iron Ore Royalty Income Fund (LIF.UN-T) for $13.50 per unit.”The acquisition of the fund will provide R…
Twin Mining encouraged by Baffin stones
Following up on some earlier success, Twin Mining (TWG-T) has received diamond counts from a total of 1,669 kg of kimberlite derived from pipes No. 1 and No. 2 on the Freightrain claim on the company’…
Western markets beset by winter blahs
Vancouver — The Canadian Venture Exchange followed the major markets lower, led by a 13.2% drop in its technology sector, during the report period ended Dec. 19. The composite index dropped 138.72 po…
Hope Bay raises funds
Hope Bay Gold (HGC-T) has raised $5 million in a private placement with Dundee Precious Metals (DPM-T).Dundee, a closed-end investment company focused on precious metals, purchased 10 million units at…
Keith Minty named ‘Mining Man of the Year’
Few mines have endured a rockier road to production than Lac des les, Canada’s only primary platinum group metals (PGMs) mine. It is no understatement to say that many viewed its construction as the …