Industrial slump drags down base metals
A small gain in lead prices prevented yet another across the board sweep lower in London Metal Exchange (LME) cash prices during the period June 25-29 as the rest of the base metals complex continued …
News
The Northern Miner — Small Producers Index (July 09, 2001)
51.42 (-2.28)(Sept. 30/98 = 100)…
Staff Investment Policy (July 09, 2001)
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…
GOLD FUNDS (July 09, 2001)
Gold Funds as of June 21, 2001Dundee Precious MetalsCentral FundNet Value$13.63$5.16Price$9.90$5.00…
The Northern Miner — North American Mining Index (July 09, 2001)
68.39 (-2.38)(Sept. 30/98 = 100)…
Noranda eyes El Pachon (July 09, 2001)
Vancouver — In an effort to increase its mining exposure in South America, Toronto-based Noranda (NRD-T) has signed a letter of agreement with Montreal-based Cambior (CBJ-T) and Bolivia’s Comsur to a…
TVX cleans house
Echoing management’s cry for a new beginning, shareholders of TVX Gold (TVX-T) have approved the early conversion of the company’s US$250-million, gold-linked convertible notes.The decision, which eli…
Imperial pulls plug on mine
Vancouver — In yet another blow to British Columbia’s beleaguered mining industry, Imperial Metals (IPM-T) will suspend operations at its wholly owned Mount Polley copper-gold mine, near Williams Lak…
Ross Toms, Part II
“Perhaps I am stark crazy, but there’s none of you too sane;It’s just a little matter of degree.My hobby is to hunt out gold; it’s fortressed in my brain;It’s life and love and wife and home to me.A…
Randgold proposes buyback (July 09, 2001)
It’s not the kind of thing that happens often in the gold industry, but Johannesburg-based Randgold Resources has proposed a mandatory buyback of part of its issued capital.The company is offering to …
Knife pipe pegged at 6 ha
Based on the results of delineation drilling, together with ground geophysical data, the Knife kimberlite pipe in Nunavut is estimated to comprise a surface area of 6 ha.During spring drilling, the Ca…
Asarco, union reach agreement
Denver — Asarco, a wholly owned subsidiary of Grupo Mexico, has reached an agreement with the United Steel Workers union over contract negotiations.The new, 3-year deal gives workers a wage increase …