PCS wins safety award
The New Brunswick division of Potash Corp. of Saskatchewan had the lowest frequency and severity of accidents at a mine site in 2000, and was duly honoured for its achievement at the 31st annual safet…
News
Northern Miner Indices (May 14, 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….
Exchange Rates (May 14, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 8May 7May 4May 3May 2US$ in C$1.54441.54031.53491.5329…
Staff Investment Policy (May 14, 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…
San Martin mine blesses Glamis with profit
Denver — Commissioning of the San Martin mine in Honduras propelled Glamis Gold (GLG-N) to a first-quarter profit despite difficult times.The company earned US$387,000 (or 1 per share), compared wit…
Copper, nickel gain despite slowdown
Metals prices are proving to be resilient in the face of slowing economic growth and a barrage of discouraging economic indicators. In the race for stability and strength between the U.S. dollar and t…
Diamondex uncovers kimberlite at King
Diamondex Resources (DSP-V) is adding a third rig to its wholly owned King property in the Northwest Territories, where a $2.7-million program is testing a possible downdip extension of the Snap Lake …
Band-Ore zeros in on Area E
Band-Ore Resources (BAN-T) has discovered the source of diamondiferous boulders in Area E at its GQ property, near Wawa, Ont.A coarse-grained, xenolith-rich diatreme breccia was discovered within 5 me…
Drilling heats up at LDG
De Beers Canada Exploration has begun drill-testing at least three targets on the LDG (formerly Thor) diamond property in the Northwest Territories.The project covers 500 sq. km near Lac de Gras, abou…
REGULAR DEPARTMENTS (May 14, 2001)
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Geoscience builds bridges through NATMAP
A project focused on studying Nunavut’s gold potential was among the highlights of Canada’s National Geoscience Mapping Program (NATMAP) in 2000. The program, now in its 10th year, was developed by th…
Barrick posts record cash flow
The weak gold market and fears of recession in the industrial world may be working on the minds of many gold producers, but Barrick Gold (ABX-T) has kept smiling through the hard times — if you can c…