NAME CHANGES (February 19, 2001)
Claddagh Gold Ltd. (CDG-V) has changed its name to Resorts Unlimited Management Inc. (RUM-V) on a 1-new-for-4-old-shares basis.
2001
Gold Funds (February 19, 2001)
Gold Funds as of February 8, 2001Dundee Precious MetalsCentral FundNet Value$11.54$5.21Price$6.51$4.870Discount43.596.50Value$81,583,000$94,540,628…
BCSC lifts ban on Watson
The British Columbia Securities Commission (BCSC) has dropped a 10-year ban against veteran geologist Mackenzie (Mac) Watson. The penalty was imposed in 1996 after the BCSC examined the conduct of Wat…
Morila keeps Randgold in black
Denver — With contribution from the new Morila gold mine in Mali, Randgold Resources posted a profit during 2000.In its first year of operation, the company, a 61%-held subsidiary of Randgold & Explo…
EXCHANGE RATES (February 19, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 13 Feb. 12 Feb. 9 Feb. 8Feb. 7US$ in C$1.52121.51931.50831.5…
Gold Fields posts strong quarter
Denver — Cost-cutting measures and the weakening of the South African rand helped Gold Fields (GOLD-Q) post a profit in the fourth quarter of 2000.The company earned US$36 million (or 8 per share) d…
Canadian Stock Exchange Indices (February 19, 2001)
b>Date Feb. 13 Feb. 12 Feb. 9 Feb. 8 Feb. 7HighLowTSE 3008942.138999.938957.619080.72…
Spot Prices Wed. February 14, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$260.90-$2.00Silver$ 4.55-$0.08Platinum$595.00-$11.00…
Northern Miner Indices (February 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Canadian Zinc tables Prairie Creek study
Vancouver — Canadian Zinc (CZN-T) is considering ways to redevelop the existing mine and mill on the Prairie Creek property in the Northwest Territories.The scoping study, performed in-house using in…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…