Staff Investment Policy (February 26, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
2001
Drills turn at Duck Pond (February 26, 2001)
Partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have started a 2,200-metre drilling program, budgeted at $200,000, to investigate new massive-sulphide targets at the Duck Pond prope…
Maude Lake finds more gold at Comtois
Exploration drilling by Montreal-based Maude Lake Exploration (MAU-M) has extended gold mineralization westward at the Comtois property, near Lebel-sur-Quvillon, Que.The highlight from the first 10 h…
Spot Prices Wed. February 21, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$257.30-$3.60Silver$ 4.42-$0.13Platinum$607.00+$…
Miners insulated from falling gold
Denver — The Dow Jones industrial average lost 172.44 points, or 1.6%, to finish the Feb. 14-20 report period at 10,730.88, as gold slid to its lowest level in 16 months, reaching US$256.10 per oz. o…
Broad market hammered by Nortel forecasts
The Toronto Stock Exchange 300 index nosedived 674.8 points during the Feb. 14-20 report period to finish the week at 8,326.68. The 7.6% loss was triggered by a massive sell-off in Nortel shares after…
TSE Short Positions (February 26, 2001)
Short positions outstanding at February 15, 2001Larger individual positions include:Abitibi-Consolidated Inc. 3,095,372 up 1,809,643; Alcan Inc. 698,147 up 298,204; Anderson Exploration Ltd.
Producer and Dealer Prices (February 26, 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$12.25-14.50/lb.Copper: Comex March US$0.8205/lb.Indium: …
Canadian Stock Exchange Indices (February 26, 2001)
Date Feb. 20 Feb. 19 Feb. 16 Feb. 15 Feb. 14HighLowTSE 300…
Northern Miner Indices (February 26, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Metal Prices (February 26, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 20Feb. 19Feb. 16Feb. 15Feb. 14Aluminium1587/15…
Writedown sinks Glamis Gold in quarter
Denver — Despite producing a record amount of the yellow metal, Glamis Gold (GLG-N) reported a fourth-quarter loss of US$37.5 million (or 54 per share) after posting a US$37.5-million writedown.For …