EXCHANGE RATES (February 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 6 Feb. 5 Feb. 2 Feb. 1Jan. 31US$ in C$1.50791.50461.49361.49…
2001
Northern Miner Indices (February 12, 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….
Yukon at disadvantage
As a strong advocate of the resource industry, I think potential investors should be fully aware of the lopsided playing field that exists here in the Yukon.The present status of mining development he…
Gold detects foreign substances
Scientists at the Department of Energy’s Sandia National Laboratories in Albuquerque, N.M., have developed a “laboratory on a chip” that allows for quick detection and testing of small amounts of unkn…
***** New Story***** Producer and Dealer Prices
Antimony: Mid-mkt US$1,300/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$11.45-14.30/lb.Copper: Comex March US$0.8305/lb.Indium: …
Iamgold posts more quarterly profits
Vancouver — Markham, Ont.-based Iamgold (IMG-T) continues to post profits, thanks to record production during the third quarter.The company holds a 38% stake in the Sadiola gold mine through Mali-bas…
Seahawk raises funds for Piteiras
Seahawk Minerals (SKM-V) has raised another $1 million for work at its 75%-owned Piteiras emerald prospect in Brazil’s Minas Gerais state.The Denver-based junior privately placed 1.4 million special w…
TSE Short Positions (February 12, 2001)
Short positions outstanding at January 31, 2001Larger individual positions include: Abitibi-Consolidated Inc. 1,724,257 up 355,553; Anderson Exploration Ltd. 2,538,879 up 542,252; Barrick Gold Corp.
LME WHSE LEVELS (February 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 6/01 (change from Jan. 30 in brackets):MetalStock (tonnes)ChangeAluminium426450(…
Ashanti ups output in West Africa
Denver — Ashanti Goldfields (ASL-N) has posted record gold production and improved operating costs for the fourth quarter.Production topped 1.7 million oz. gold in 2000, up from 1.6 million oz. in 19…
Record palladium prices propel Stillwater Snap Lake
Denver — Stillwater Mining (SWC-X) posted record earnings for the fourth quarter on the strength of buoyant prices of platinum and palladium.The company earned US$23.5 million (or 60 per share) in t…
Metal Prices (February 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 6Feb. 5Feb. 2Feb. 1Jan. 31Aluminium1630/1605…