Inmet drops Newfoundland projects
Inmet Mining (IMN-T) has dropped out of a joint venture exploring the Victoria Mine, Sutherlands Pond and Hungry Hi…
News
Crystallex picks up new shareholders
Vancouver — Two major investment companies have taken down a $7 million financing in Crystallex International (KRY…
Ivanhoe sparks excitement with Mongolian copper-gold find
Oyu Tolgoi, Mongolia — Convinced that its Turquoise Hill copper-gold porphyry discovery in southern Mongolia has the tonnage potential to rival that of the huge Grasberg deposit in Indonesia, Robert …
News – 24-DEC-01
The Northern Miner — North American Mining Index (December 24, 2001)
69.28 (+3.09)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 24, 2001)
46.21 (+0.84)(Sept. 30/98 = 100)…
Gold Funds (December 24, 2001)
Gold Funds as of December 13, 2001Dundee Precious MetalsCentral FundNet Value$13.13$5.30Price$8.95$5.08…
Mounting metals stocks cast pall over new year
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …
Northern Miner Indices (December 24, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Lending Rates (December 24, 2001)
as of Dec. 18, 2001(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime…
Homestake shareholders OK Barrick merger
In mid-December, shareholders of Homestake Mining (HM-N) gathered in Walnut Creek, Calif., for the final meeting in the company’s 124-year history and overwhelmingly approved merging with Barrick Gold…
Partners eye Jericho
Vancouver — A kimberlite float sample west of the Jericho pipe in Nunavut has proved diamondiferous for partners Tahera (TAH-T) and Kennecott Canada Exploration.The 7-kg sample was collected from the…