Noranda profits grow
Stronger metal prices enabled Noranda (NOR-T) to overcome hefty unusual costs and to end 2000 substantially richer than it began.The major earned $293 million (or $1.14 per share) on sales revenue of …
News
Monetary value in question The commodity formerly known as gold
The return of the Republican Party to the U.S. presidency has brought some of the weirder economic views of the political right back into polite discourse. George Bush, Jr., has already unveiled a bud…
BCSC lifts ban on Watson
The British Columbia Securities Commission (BCSC) has dropped a 10-year ban against veteran geologist Mackenzie (Mac) Watson. The penalty was imposed in 1996 after the BCSC examined the conduct of Wat…
Odds ‘n’ sods: Hart and Soul of Elliot Lake
In earlier columns, I referred to the Preston East Dome team and Technical Mine Consultants (TMC), which were both controlled by Joseph Hirshhorn (1899-1981). The so-called Preston East Dome team cons…
Morila keeps Randgold in black
Denver — With contribution from the new Morila gold mine in Mali, Randgold Resources posted a profit during 2000.In its first year of operation, the company, a 61%-held subsidiary of Randgold & Explo…
EXCHANGE RATES (February 19, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 13 Feb. 12 Feb. 9 Feb. 8Feb. 7US$ in C$1.52121.51931.50831.5…
Canadian Stock Exchange Indices (February 19, 2001)
b>Date Feb. 13 Feb. 12 Feb. 9 Feb. 8 Feb. 7HighLowTSE 3008942.138999.938957.619080.72…
Spot Prices Wed. February 14, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$260.90-$2.00Silver$ 4.55-$0.08Platinum$595.00-$11.00…
Teck
Denver — After spending US$4 billion on acquisitions, Rio Tinto (RTP-N) saw its profits jump 18% in 2000.The London-based mining house posted net earnings of US$1.5 billion (or $1.10 per share), comp…
Northern Miner Indices (February 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
News – 19-FEB-01 (February 19, 2001)
Conversion of Weights and Measures1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (s…
Producer and Dealer Prices (February 19, 2001)
Antimony: Mid-mkt US$1,310/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.95-14.50/lb.Copper: Comex March US$0.8245/lb.Indium: …