Northern Miner Indices (April 16, 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….
Barrick Gold Corporation
TSE wipes brow after recent debacle
Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…
Radius advances Tambor project
Vancouver — Radius Explorations (RDU-V) has tabled more impressive trench results from its Tambor gold project near Guatemala City.The ongoing program is designed to assess the grade and geometry of …
PDAC showcases global mining
Delegates attending the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto seemed more optimistic about their industry’s prospects, despite weakness in metal pri…
Market unimpressed with US rate cut
In the wake of another cut in U.S. interest rates, investors north of the border knocked 3% off the Toronto broad market during the March 14-20 report period. The sell-off, which suggests that many we…
CDNX continues slide into bear territory
WESTERN MARKETVancouver — Canada’s junior exchange posted losses on all fronts during the report period ended March 20. The composite index of the Canadian Venture Exchange dropped 63.66 points, or 2…
Rio Narcea keeps production steady
Lower head grades at its flagship El Valle open-pit mine in northwestern Spain have taken a bit of the edge off the production numbers of Rio Narcea Gold Mines (RNG-T).During 2000, Rio Narcea produced…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Philippines eyes exploration revival
Vancouver — The discovery of an exciting new gold-rich copper porphyry system, combined with the expansion of several known deposits, is attracting attention to the Philippines.Situated in the Ring o…
Barrick returns to Archean roots at Buly
Bulyanhulu District, Tanzania — Even with scorched red soil and unmistakably African vegetation, it isn’t difficult to imagine the Lake Victoria gold camp as a southern cousin to Canada’s famous Abit…
Northern Miner Indices (March 12, 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….
Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…