Metal Prices (May 22, 2000)
Daily Metal PricesDateMay 16May 15May 12May 11May 10BASE METALS (London Meta…
News
Majors form online market
Fourteen of the world’s leading mining companies have joined forces to form an independent, global Internet-based marketplace for the procurement of materials and supplies.The venture is designed to b…
MOST ACTIVE ISSUES, May 10-16
ExchgVol(000s)HighLowCloseChangeAlcoa*N 8628 68.44 64.56 66.94 + 0.82…
Northern Miner Indices (May 22, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
EXCHANGE RATES (May 22, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 16May 15May 12May 11May 10…
GREATEST VALUE TRADED, May 10-16
ExchgVal($000s)HighLowCloseChangeAlcoa*N 577590 68.44 64.56 66.94 + 0.82…
Black Hawk reports mixed results
Despite record output and lower cash costs, Black Hawk Mining (BHK-T) failed to turn a profit in 1999.Net losses totalled US$12.3 million (or 10 per share) on revenue of US$31.7 million, compared wit…
Inmet options Altius ground
North-central Newfoundland is proving to be a popular destination for companies on the trail of massive sulphide deposits. Inmet Mining (IMN-T), by teaming up with Altius Minerals (ALS-V), is the late…
Iamgold rakes in profits from Sadiola Hill
The Sadiola Hill gold operation in Mali has allowed Iamgold (IIMG-T) to post hefty profits and boost its balance sheet to US$72.7 million in cash.The company and operating partner AngloGold (AU-N) eac…
NAP mired in red
A production shortfall at its Lac des les mine, near Thunder Bay, Ont., contributed to a net loss in 1999 for North American Palladium (PDL-T).The loss amounted to $5.2 million on revenue of $44.6 mi…
VenCan acquires projects
As well as evaluate the potential of claims near the Edwards gold mine in southern Ontario, VenCan Gold (VCG-M) plans to explore newly acquired mineral projects in New Brunswick and Quebec.The Toronto…
Northgate secures funds for Kemess mine in B.C.
Northgate Exploration (NGX-T) has arranged a US$100-million financing package from Scotia Capital, which will be used to repay a portion of the US$145-million bridge loan provided by Trilon Financial …