Revisions to TNM indices

The Northern Miner has revised its North American Mining and Small Producers Indices to reflect changes in the quarter ended Dec. 31, 1999.

The North American Mining Index takes on Cominco (CLT-T) and Southern Peru Copper (PCU-N), to replace Asarco, which merged with Grupo Mexico, and Cyprus Amax, which merged with Phelps Dodge (PD-N). Other companies on the index remain the same.

The Small Producers Index adds Coeur d’Alene Mines (CDE-N), Rio Narcea Gold Mines (RNG-T), Ivanhoe Mines (IVN-T), First Quantum Minerals (FM-V), Denison Mines (DEN-T) and Canyon Resources (CAU-X). High River Gold Mines (HRG-T), which fell below the index’s threshold market capitalization of $20 million, has been dropped from the index.

All companies on the two indices are weighted by market capitalization, based on closing prices on Dec. 31.