Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
Barrick Gold Corporation
Northern Miner Indices (June 25, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Barrick exercises Tan Range warrants
By way of private placement, Barrick Gold (ABX-T) has acquired 740,741 shares of Tan Range Exploration (TNX-V), whose main asset is the Itetemia project in the Lake Victoria gold district of western T…
Producers miss out on gold price ride
Pushed down by heavy losses in the high-tech sector, the Toronto Stock Exchange’s 300 index fell 391.91 points over the five trading days ended June 20, to finish at 7,702.87.The yellow metal clawed b…
Seven inducted into National Mining Hall of Fame
Seven pioneers of North American mining have been welcomed into the U.S.-based National Mining Hall of Fame.Only one of the inductees, Stewart Wallace, is alive; the others will be honoured posthumous…
Barrick at work in Alaska
Vancouver — Mining titan Barrick Gold (ABX-T) has kicked off a $600,000 exploration program on the California and Surf properties, held jointly by Rimfire Minerals (RFM-V) and Western Keltic Mines…
Northern Miner Indices (June 18, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Great Basin delves under Hollister
Deep drilling by Great Basin Gold (GBG-V) is testing for Devonian carbonate rocks below the Hollister deposit at the Ivanhoe property in Nevada’s Carlin trend.Ivanhoe is midway between two major opera…
AngloGold expands Cresson mine
Denver — The Cresson gold mine, part of the Cripple Creek & Victor joint venture, southwest of Colorado’s Pikes Peak, is producing ore at greater than its design capacity.Originally designed to crush…
Buttress supports mining at Newmont’s Deep Post
Denver — In northern Nevada’s Carlin trend, Newmont Mining (NEM-N) has erected a buttress to support the south highwall at the Betze-Post mine, allowing underground miners at the Deep Post mine to ge…
Power problems mount for U.S. miners
Denver — The dramatic rise in electricity costs for mining operations in the western U.S. continues to threaten the industry. Blackouts are again keeping Californians in the dark, and deregulation go…