News
NAME CHANGES (July 30, 2001)
Canada Fluorspar Inc. (CFI-V) has changed its name to Continental Ridge Resources (KRI-V) on a 1-new-for-1-old-share basis.
That sinking feeling
Worse-than-expected industrial production data for the U.S. and the European Monetary Union (the eurozone IP moving into negative territory, year over year, for the first time at minus 0.1% in May), t…
Staff Investment Policy (July 30, 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…
The Northern Miner — North American Mining Index (July 30, 2001)
71.36 (+1.42)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (July 30, 2001)
48.28 (-1.71)(Sept. 30/98 = 100)…
Gold Funds (July 30, 2001)
Gold Funds as of July 19, 2001Dundee Precious MetalsCentral FundNet Value$13.64$5.21Price$9.75$4.70…
PEOPLE (July 30, 2001)
Elkhorn — Robert Trenaman appointed director.National Gold — Chester Millar, Albert Matter and James McDonald appointed directors.Plexmar — Louis Lessard appointed director.
El Peon keeps Meridian in black without hedging
With second-quarter net income of US$10 million on revenue of US$27.8 million, Meridian Gold (MNG-T) has proved that real money can be made in the gold business without hedging. Much of the credit bel…
IMA readies Peruvian gold prospect for drilling
While constructing pads for an upcoming drill program, IMA Exploration (IMR-V) uncovered a new gold showing at its Rio Tabaconas project (formerly known as Tamborapa) in northern Peru.The outcrop yiel…
US becoming reliant on imported minerals
The U.S. Geological Survey (USGS) has long been an anomaly in the Department of the Interior, particularly in the bad old days when Bruce Babbitt ruled the department with a mean green fist. The notio…
Newfoundland backs new enterprises
AUGUST 1951Under the driving force of Premier Joseph Smallwood, the Newfoundland government is pushing a program designed to broaden the provincial economy. The campaign largely revolves around promot…