Gold Funds (February 19, 2001)
Gold Funds as of February 8, 2001Dundee Precious MetalsCentral FundNet Value$11.54$5.21Price$6.51$4.870Discount43.596.50Value$81,583,000$94,540,628…
News
BCSC lifts ban on Watson
The British Columbia Securities Commission (BCSC) has dropped a 10-year ban against veteran geologist Mackenzie (Mac) Watson. The penalty was imposed in 1996 after the BCSC examined the conduct of Wat…
Morila keeps Randgold in black
Denver — With contribution from the new Morila gold mine in Mali, Randgold Resources posted a profit during 2000.In its first year of operation, the company, a 61%-held subsidiary of Randgold & Explo…
EXCHANGE RATES (February 19, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 13 Feb. 12 Feb. 9 Feb. 8Feb. 7US$ in C$1.52121.51931.50831.5…
Gold Fields posts strong quarter
Denver — Cost-cutting measures and the weakening of the South African rand helped Gold Fields (GOLD-Q) post a profit in the fourth quarter of 2000.The company earned US$36 million (or 8 per share) d…
Canadian Stock Exchange Indices (February 19, 2001)
b>Date Feb. 13 Feb. 12 Feb. 9 Feb. 8 Feb. 7HighLowTSE 3008942.138999.938957.619080.72…
Spot Prices Wed. February 14, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$260.90-$2.00Silver$ 4.55-$0.08Platinum$595.00-$11.00…
Northern Miner Indices (February 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Canadian Zinc tables Prairie Creek study
Vancouver — Canadian Zinc (CZN-T) is considering ways to redevelop the existing mine and mill on the Prairie Creek property in the Northwest Territories.The scoping study, performed in-house using in…
Staff Investment Policy (February 19, 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…
Liquidation takes toll on prices
Large-scale fund long liquidation ravaged base metals markets late on Friday, Feb. 9 and continued into the following Monday, erasing almost all this year’s gains in copper, nickel and zinc prices. Al…
Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …