Spot Prices Wed. December 27, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…
News
Leadville options Mexican gold deposit
Denver — Junior Leadville Mining & Milling (LMMI-O) has signed a letter of intent to acquire the El Chanate gold property in Sonora state, Mexico, from a subsidiary of AngloGold (AU-N).The junior has…
Cambior converts loan to shares
Jipangu, a private Japanese investment company oriented toward the gold sector, has agreed to subscribe to a private placement of 15 million common shares of Cambior (CBJ-T) priced at US42 each, or U…
Group saves historic core samples from McIntyre
The mine buildings belonging to the now-defunct McIntyre gold mine, near Timmins, Ont., which produced 10.8 million oz. of gold over its 76-year life, will succumb to the wrecker’s ball over the next …
TSE Short Positions (January 01, 2001)
Short positions outstanding at December 15, 2000Abitibi-Consolidated Inc. 230,159 up 149,243; Alcan Aluminium Ltd. 295,734 up 206,780; Ameridian Ventures Inc. 100,500 up 100,500; An…
Keith Minty named ‘Mining Man of the Year’
Few mines have endured a rockier road to production than Lac des les, Canada’s only primary platinum group metals (PGMs) mine. It is no understatement to say that many viewed its construction as the …
Majors finance base metal revival in Newfoundland
Vancouver — As Inco (N-T) patiently awaits a resolution to the frustrating development dispute that has stalled its Voisey’s Bay nickel-copper-cobalt project in Labrador, other companies are stepping…
Correction (December 25, 2000)
In an article about the first gold pour at the Morila mine in Mali (T.N.M., Nov. 27-Dec. 3/00), the name of the operation was incorrectly spelled in the headline. Also, the operator, Randgold Resource…
Looming slowdown triggers liquidation
The report period Dec. 11-15 saw a bout of liquidation in metals markets, inspired by worse-than-expected U.S. economic data. As a result, prices fell back — nickel, by 2.9%; tin, by 1.7%; and lead, …
Select juniors offer upside potential
As tax-loss selling draws to a close, so does the opportunity to take advantage of a seasonal weakness in the junior mineral resource market before liquidation dries up by year-end. With this in mind,…
The Northern Miner — North American Mining Index (December 25, 2000)
77.11 (+1.77)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 25, 2000)
43.52 (-3.2)(Sept. 30/98 = 100)…