Northern Miner Indices (March 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
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LME Warehouse Levels (March 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 12 (change from March 5 in brackets):MetalStock (tonnes)ChangeAluminium953900(+…
Producer and Dealer Prices (March 18, 2002)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.60-6.90/lb.Copper: Comex May US$0.7415/lb.Indium: Indi…
Anglo boosts Amplats stake
The biggest news during the report period was Anglo American’s revelation that it had spent US$701 million last year increasing its stake in Anglo American Platinum to 59.6% from 50.1%. The strategic …
PEOPLE (March 18, 2002)
Falconbridge — Derek Pannell appointed president and CEO.Gabriel — Ronald Grossman, Ovidiu Tender and Frank Wheatley appointed directors.Hawkeye — George Poling appointed advisor to th…
Analysts weigh in on Gabriel
Bay Street analysts are getting behind Gabriel Resources (GBU-T) in a big way, as the junior unveils a revised feasibility study for its 80%-owned Rosia Montana gold project in Romania.Late last year,…
Almaden, Santoy find little sun at Tropico
An initial drill program at the Tropico polymetallic property in western Mexico has cut wide swaths of low-grade sulphide mineralization for partners Almaden Minerals (AMM-T) and Santoy Resources (SAN…
Anaconda squeezes Sherritt’s earnings (March 18, 2002)
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Camorra results cap good year for Hecla
Exploration drilling at the La Camorra mine in Bolivar state, Venezuela, suggests Hecla Mining (HL-N) may find additional high-grade resources at depth.A deep drill hole and a hole wedged off from it …
Greek bombshell sinks TVX (March 18, 2002)
Massive writedowns eroded an otherwise profitable year for TVX Gold (TVX-T).The gold miner lost US$227.9 million (or US$1.24 per share) in 2001 on revenue of US$158.3 million, compared with earnings o…
MOST ACTIVE ISSUES, MARCH 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1956925.4322.8024.21-0.34…
GREATEST VALUE TRADED, MARCH 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N71720639.7537.7838.92+0.49…