Canyon raises stakes at Briggs
Vancouver — Colorado-based Canyon Resources (CAU-X) has inked a deal with Franco-Nevada Mining (FN-T) to pick up a 2% net smelter royalty (NSR) on the first 175,000 oz. of gold produced from its Brig…
Franco-Nevada Mining Corporation Limited
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
Northern Miner Indices (October 01, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Northern Miner Indices (September 24, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Northern Miner Indices (September 17, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Franco to control Echo Bay in debt deal
A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…
Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
AngloGold bids for Normandy (September 10, 2001)
Moving to expand and diversify its gold portfolio, AngloGold (AU-N) has launched an all-share bid to acquire Normandy Mining (NDY-T), Australia’s largest gold miner.Creating what it describes as the “…
Northern Miner Indices (September 10, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Broad market stumbles through holiday
Causing more sighs than cheers, the Toronto Stock Exchange 300 index sank 116.32 points over the holiday-shortened period Aug. 29-Sept. 4. The broad market ended the period at 7,462.03, for a loss of …
Northern Miner Indices (September 03, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…