Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….
News
CDNX slides into bear territory
Vancouver — Canada’s junior exchange saw losses on all indices except oil and gas during the report period ended Feb. 27. The Canadian Venture Exchange dropped 48.04, or 1.5%, to finish the week at 3…
Namco sinking into deep red sea
Cash-strapped Namibian Minerals (NMR-T) has placed its South African and Namibian subsidiaries into provisional liquidation, putting a halt to its marine diamond production.Courts in both countries ha…
Hudbay captures Bill Dennis Award
An exploration team from Hudson Bay Exploration & Development, has captured the Prospectors and Developers Association of Canada’s (PDAC’s) 2001 Bill Dennis prospector of the year Award.The team, cons…
Higher prices strengthen SPC
Denver — Higher copper prices and cost-cutting measures contributed to improved earnings for Southern Peru Copper (PCU-N) in the fourth quarter.The company posted net earnings of US$30.6 million (or …
Harmony’s Bissett under gun to cut costs
It’s crunch time for the Bissett underground gold mine in Manitoba as the South African-based owner appears to be running out of patience.Although it accounted for just 2% of Harmony Gold Mining’s (HG…
Indaba 2001 showcases Africa’s mineral potential
Cape Town, South Africa — The Investing in African Mining Conference (Indaba 2001), held here earlier this month, generated both optimism and pessimism among delegates weighing the continent’s minera…
News – 26-FEB-01
Lead gains as nickel tumbles
Base metal prices largely continued to trade sideways in low volumes during the report period Feb. 12-16. Lead was the only gainer on the London Metal Exchange (LME), as the average cash price gained …
The Northern Miner — North American Mining Index (February 26, 2001)
69.30 (-4.44)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 26, 2001)
48.52 (+0.78)(Sept. 30/98 = 100)…
Correction (February 26, 2001)
In the B section of our Feb. 5 issue, we misquoted David Copeland, director of projects for the Hunter-Dickinson group.Mr. Copeland’s actual words were: “The workable political climate, combined with …