Metal Prices (May 28, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 22May 21May 18May 17May 16Aluminium1538/1549…
News
NAP nixes extension of sales contract
North American Palladium (PDL-T), Canada’s only primary producer of platinum group metals, will not extend its long-term sales agreement with a major automotive company beyond June 30, 2005.The contra…
GREATEST VALUE TRADED, MAY 16-22
ExchgVal($000s)HighLowCloseChangeAlcoa*N113193945.7141.8043.60+1.60…
Are speculators turning positive?
Base metals prices ended the report period May 14-18 strongly, with aluminum, copper and lead prices all achieving their best closes for the past few weeks and nickel sustaining big gains achieved in …
Spot Prices Wed. May 23, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$283.85+$14.75Silver$ 4.52+$0.08Platinum$612.00+…
Northern Miner Indices (May 28, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Staff Investment Policy (May 28, 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…
Morgain refurbishes plant
With government and environmental approvals in hand, Morgain Minerals (MGM-V) is gearing up to begin production at La Sauceda, a silver vat-leach project in Mexico’s Zacatecas state.The vat-leach plan…
Akrokeri-Ashanti sets records
Turning a profit at current gold prices is no easy task, which is why management of Akrokeri-Ashanti Gold Mines (YAG-V) is justifiably proud of the numerous records set during the 2001 first quarter a…
Claude tries to hold down costs at Seabee
The Seabee gold mine in Saskatchewan’s La Ronge district has produced modest profits for most of its 10-year operating history. Not so in the first quarter of 2001, when operator Claude Resources (CRJ…
Tiberon outlines Nui Phao deposit
Vancouver — Junior Tiberon Minerals (TBR-V) has again tabled encouraging results from its Nui Phao tungsten project, north of Hanoi, Vietnam.Drilling is focused on a large geophysical anomaly known a…
Franco buys Metallica stake
Toronto-based Franco-Nevada Mining (FN-T) has acquired an additional 1.2 million shares of Metallica Resources (MR-T), boosting its equity stake to 3.4 million shares, or 12.76% of the Colorado-based …