Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
News
Correction (February 18, 2002)
TGW Corp. (GWC-V), which is in joint venture with Virginia Gold Mines (VIA-T) at the Poste Lemoyne gold project in the James Bay area of northwestern Quebec, is listed on the Canadian Venture Exchange…
Lending Rates (February 18, 2002)
as of 4 pm ET, Feb. 12, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Spot Prices Wed. February 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.40-$0.05Silver$ 4.44-$0.04Platinum$467.00+$…
Croesus eyes more ground
Vancouver — International Croesus Ventures (ICU-V) has inked a letter-of-intent with Golden Temple Mining (GTM-V) to buy seven massive sulphide properties in Mexico.The deal covers all of Golden Temp…
LME Warehouse Levels (February 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 12 (change from Feb. 5 in brackets):MetalStock (tonnes)ChangeAluminium875450(+10…
Gold Funds (February 18, 2002)
Gold Funds as of February 7 2002Dundee Precious MetalsCentral FundNet Value$18.34$5.72Price$13.65$5.85…
Staff Investment Policy (February 18, 2002)
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…
Gold, nickel prices take a tumble
Erasing gains from the previous week, gold slipped a nickel over the Feb. 6-12 report period to land at a London morning fix of US$297.40 per oz. on Feb. 13.Going along for the ride were: Barrick Gold…
CDNX Rights and Warrants
Akrokeri-Ashanti Gold Mines — Wt. buys sh @ 22 to Dec. 19/02Barton Bay — Wt buys sh @ $1.10 to June 1/02.Franco-Nevada — Wt. buys 3.08 common sh @ $100.00 to Nov. 23/03Gol…
Renewed interest in BC
British Columbia’s Liberal government demonstrated its commitment to mining by improving and harmonizing the 20% B.C. Exploration Tax Credit with the federal Exploration Investment Tax Credit. The pro…
Kaiser thrown US$300m lifeline
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….