The Northern Miner — Small Producers Index (February 19, 2001)
47.74 (-0.52)(Sept. 30/98 = 100)…
News
Power sales drive Cominco (February 19, 2001)
Vancouver — Power sales to energy-strapped California have generated a financial windfall for Cominco (CLT-T). The company, now owned 50.1% by Teck (TEK-T), saw its profits double during 2000.The ste…
Teck gets boost from Cominco
By purchasing almost 5.2 million shares of Cominco (CLT-T) at a cost of $127 million in 2000, Teck (TEK-T) increased its ownership of the company to 50.1% and took steps to consolidate it as a subsidi…
NAME CHANGES (February 19, 2001)
Claddagh Gold Ltd. (CDG-V) has changed its name to Resorts Unlimited Management Inc. (RUM-V) on a 1-new-for-4-old-shares basis.
Gold Funds (February 19, 2001)
Gold Funds as of February 8, 2001Dundee Precious MetalsCentral FundNet Value$11.54$5.21Price$6.51$4.870Discount43.596.50Value$81,583,000$94,540,628…
Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
Newmont posts loss
Denver — Higher production was not enough to offset the effects of low gold prices for Newmont Mining (NEM-N) in 2000.In the fourth quarter, the Denver-based company earned US$19.7 million (or 12 pe…
Antofagasta exceeds expectations
Denver — Improvements in the grinding circuit have resulted in higher processing rates at the Los Pelambres copper mine in northern Chile.The open-pit mine, 60% held by Antofagasta, beat production f…
MOST ACTIVE ISSUES, FEBRUARY 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13466 37.75 35.43 35.70 -1.54…
GREATEST VALUE TRADED, FEBRUARY 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N 480742 37.75 35.43 35.70 -1.54…