Spot Prices Wed. December 6, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.85+$1.85Silver$ 4.71+$0.01Platinum$599.00-$1.00…
Articles by Northern Miner Staff
Northern Miner Indices (December 11, 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….
Newmont merger approved
The U.S. Securities and Exchange Commission has approved the proposed merger between Battle Mountain Gold (BMG-N) and Newmont Mining (NEM-N).Battle Mountain has scheduled an extraordinary shareholders…
Conrad Hach
Conrad Hache, president and chief executive officer of Toronto-based River Gold Mines, has died. He was 57.Beginning in 1962, Hach worked his way through various mining projects, holding such titles …
Hucamp sampling picks up PGEs
Sampling by Hucamp Mines (YHU-V) at the Alexo and Dundonald South properties, about 40 km northeast of Timmins, has returned platinum and palladium values from two known nickel deposits.Hucamp, which …
Int’l Annax expands high-grade zone
Junior International Annax Ventures (IAX-V) has extended the southern boundary of the main zone of stratiform massive sulphide mineralization at the Dairi project in northwestern Sumatra, Indonesia.A …
Nelson posts loss
Despite cost improvements at its Jilau gold mine, in Tajikistan, Nelson Resources (NLG-T) posted a loss for the first three quarters of 2000.The company lost US$400,000 in the quarter ended Sept. 30, …
High Grade zone extends deeper (December 11, 2000)
Exploration drilling at the Red Lake gold mine in northern Ontario has extended the Hanging Wall 5 zone at depth. The zone is one of several comprising the producing High Grade deposit.Goldcorp (G-T) …
GREATEST VALUE TRADED, NOV. 29-DEC. 5 (December 11, 2000)
ExchgVal($000s)HighLowCloseChangeAlcoa*N 636829 31.56 27.06 31.50 +3.69…
Lupin contributes to third-quarter profit
Denver — Echo Bay Mines (ECO-X) has posted a third-quarter profit on the strength of a 44% increase in gold production.The company cranked out 184,449 oz. in the three months ended Sept. 30, up from …
CDNX continues to lose ground
Canada’s junior exchange continued its downward spiral during the report period ended Dec. 5, with the tech index leading the way. The Canadian Venture Exchange composite index dropped 74.42 points, o…
Minefinders bullish on Dolores’ potential
Vancouver — An open-pit design of Minefinders’ (MFL-T) wholly owned Dolores property, in northern Mexico, shows that the Main deposit has robust economics.Based on prices of US$300 per oz. gold and U…