Revisions to mining indices

The quarterly revision of The Northern Miner’s two mineral-industry market indices has resulted in the addition of Stillwater Mining (SWC-X) to the North American Mining Index.

Stillwater, with a market capitalization of $2.3 billion, joins four other U.S. companies and seven Canadian companies on the index, which tracks the performance of the 12 largest Canadian and U.S. mining companies (outside the aluminum industry) as measured by market capitalization.

The Miner’s Small Producers’ Index loses North American Palladium (PDL-T), which has been added to the Toronto Stock Exchange’s TSE 300 composite index in the gold and precious minerals sub-group.

The market capitalizations of Richmont Mines (RIC-T) and Imperial Metals (IPM-T) both fell below $20 million during the last quarter of 2000, making them ineligible for the index.

Added to the index is gold producer Cambior (CBJ-T), which was dropped from the TSE 300 gold and precious minerals sub-group during the past quarter.

The new composition of the North American Mining Index and the Small Producers’ Index can be found in the stock tables, on page 9.