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…
News
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…
Semafo tables Wona resource evaluation (October 29, 2001)
Montreal-based Semafo (SMF-T) has estimated indicated resources at the newly discovered Wona zone on the Mana gold property in Burkina Faso, West Africa, at 3.5 million tonnes grading 2.38 grams gold …
Grade up at Dolores
Vancouver — Re-analysis of low-to-mid-grade core samples from the Dolores project in Mexico has increased silver values by 36.3% for owner Minefinders (MFL-T).The improvements are based on “total dig…
Millennium, PGM join forces at Lac des les
A merger between New Millennium Metals (PGM-V) and Platinum Group Metals (PTG-V) is designed to consolidate the juniors’ land positions in the Lac des les region of northwestern Ontario.The deal, whi…
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…
News – 29-OCT-01
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Staff Investment Policy (October 29, 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…