GREATEST VALUE TRADED, Feb. 2-8
Val($000s)HighLowCloseChangeAlcoa*N 695087 75.56 65.94 65.94 – 6.18…
News
Gold takes flight, albeit briefly
The Dow Jones industrial average fell 83.45 points, or 0.75%, for the report period ended Feb. 8 amid inflationary fears, while gold responded positively.Spot gold on the Comex division of the New Yor…
Madison seeks funding for Mt. Kare
Madison Enterprises (MNP-V) has arranged for a $5.2-million private placement to finance drilling on the Mt. Kare gold-silver property in Papua New Guinea.The financing consists of 8 million units pri…
Anglogold eyes property in Red Lake gold camp
A letter-of-intent agreement paves the way for Anglogold (AU-N) to earn from Rubicon Minerals (RMX-V) a majority interest in more than 20,000 ha in the Red Lake mining camp of northern Ontario.To earn…
Stillwater posts record earnings
Stillwater Mining (SWC-X) has posted record earnings on the strength of higher commodity prices and a late surge in productivity at its namesake platinum-palladium mine in southwestern Montana.For the…
Bolivar Goldfields places Tomi mine on auction block
Bolivar Goldfields (BVG-T) is selling its Tomi gold mine in Venezuela in preparation for jumping on to the e-commerce bandwagon.The Toronto-based company has retained Endeavor Financial Corp. to assis…
Variety adds spice to Teck
While analysts tend to prefer so-called “pure” metal plays, Teck’s (TEK-T) emphasis on product diversification has smoothed out much of the impact that cyclical price swings have on single commodity p…
Cambior rebuffs Aur offer
The directors of Cambior (CBJ-T) are advising shareholders to reject Aur Resources’ (AUR-T) hostile takeover offer, at least for the moment.Aur is offering one share for every 1.1 Cambior share (T.N.M…
Cortez, Granny Smith bolster Placer Dome
The Cortez mine in Lander Cty., Nev., retained its status as the lowest-cost gold producer in North America during 1999, contributing to a year of record production for 60%-owner Placer Dome (PDG-T).T…
Rebirth of the Emerald mine
I well recall those early days in the office of Canadian Exploration and Placer Development in Vancouver. Les Batten, Jerry Christie and I occupied a single small office adjacent to the large rooms of…
Ray of hope for Diavik project
The management of Diavik Diamond Mines is meeting with local native leaders and representatives of the federal government in Yellowknife, N.W.T., in an attempt to resolve the environmental impasse tha…
Halting the Newfoundland giveaway
In a recent interview for the Canadian Broadcast Corporation, Northern Miner Editor Vivian Danielson expressed an opinion concerning development of the Voisey’s Bay property by Inco.I have no argument…