Rio drills Cukurdere
Having already exceeded their 2001 drilling budget at the Cukurdere gold project in Turkey, Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) have earmarked another $500,000 for follow-up …
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Northern Miner Indices (October 29, 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…
Inco squeaks out third-quarter profit
Despite precipitous declines in nickel and copper prices during the third quarter, Inco (N-T) managed to bank a US$33-million profit on sales revenue of US$434 million.The earnings figure, which inclu…
Santa Rosa yields gold for refining
From its pilot plant at the Santa Rosa project in southeastern Peru, Andean American Mining (AAG-V) has delivered the first 7.8 kg of gold concentrates for refining. The shipment sold for US$282.60 pe…
PEOPLE (October 29, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Cream Minerals — Ferdinand Holcapek appointed director.Diamondex — James Eccott appointed director.Idaho Cons…
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…
MOST ACTIVE ISSUES, OCTOBER 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N1443334.2331.3033.75+0.94…
National deals Salamandra
Vancouver — Juniors National Gold (NGT-V) and Alamos Minerals (AAS-V) have entered into a joint-venture agreement regarding the Salamandra property in Mexico’s Sonora state.Alamos can earn a half-int…
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
The Northern Miner – North American Mining Index (October 29, 2001)
64.71 (-2.66)(Sept. 30/98 = 100)…
The Northern Miner – Small Producers Index (October 29, 2001)
45.39 (-1.48)(Sept. 30/98 = 100)…
Gold Funds (October 29, 2001)
Gold Funds as of October 18, 2001Dundee Precious MetalsCentral FundNet Value$13.36$5.47Price$8.70$5.34…