Spot Prices Wed. December 20, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.20+$0.25Silver$ 4.61-$0.04Platinum$603.00-$1…
Articles by Northern Miner Staff
Metal Prices (December 25, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13Aluminium1602.50…
Glamis, Metallica learn urban planning
Denver — Mining investors focus on drill results, feasibility studies and rates of return to determine which securities to buy. However, mining companies must do more than play with numbers to ensure…
K252 deemed best pipe yet in Alberta
Based on results from a mini-bulk sample, the K252 kimberlite is the best yet of the 35 pipes so far discovered by Ashton Mining of Canada (ACA-T) in the Buffalo Hills area of north-central Alberta.A …
Richmont forges ahead at Hammerdown project
Richmont Mines (RIC-T) has received heartening results from bulk sampling at the Hammerdown gold property in northwestern Newfoundland.Between July and September, Richmont extracted 19,300 tons gradin…
Zincor to take Kipushi option
America Mineral Fields (AMZ-T) reports that Zinc Corp. of South Africa (Zincor) intends to exercise its option at the dormant Kipushi zinc-copper mine in the Democratic Republic of Congo.Under an agre…
The Northern Miner — Small Producers Index (December 25, 2000)
43.52 (-3.2)(Sept. 30/98 = 100)…
GOLD FUNDS (December 25, 2000)
Gold Funds as of Dec. 14 2000Dundee Precious MetalsCentral FundNet Value$11.38$5.34Price$6.30$4.550Discount44.64…
Staff Investment Policy (December 25, 2000)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Barrick defers Pascua-Lama
Citing the poor gold and silver market, Barrick Gold (ABX-T) has further delayed the start of construction at its Pascua-Lama project, on the border between Chile and Argentina.Work at Pascua, origina…
Producer and Dealer Prices (December 18, 2000)
Antimony: Mid-mkt US$1,425/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-15.50/lb.Copper: Comex March US$0.885/lb.
Inca Pacific, Mansfield attract attention for South American projects
Junior mining companies are adopting various strategies to help them through these tough times, but the most common remains the old standby of taking on projects robust enough to attract major partner…