Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Homestake Mining Company
Starfield advances Ferguson Lake (July 16, 2001)
Rankin Inlet, Nunavut — Recently cashed up and determined to expand resources at its Ferguson Lake copper/nickel/cobalt/platinum-group-metals property in Nunavut, Starfield Resources (SRU-V) is churn…
Northern Miner Indices (July 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Northern Miner Indices (July 09, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Barrick, Homestake propose marriage
In a paper deal worth US$2.3 billion, Barrick Gold () has agreed to take over Homestake Mining (HM-N) and thereby become the world’s second-largest gold producer.Barrick is offering 0.53 of a share fo…
Drilling expands Millennium
Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.Glamis owns a 66.7% interest in Marigol…
Barrick-Homestake merger shakes gold market
Spicing up an otherwise bland week, Barrick Gold, on June 25, announced its intention to purchase American rival Homestake Mining in a paper deal worth US$2.3 billion.The all-share, friendly offer cau…
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Australia top destination for exploration spending
Australia attracted 17.3% of global exploration funding last year, more than any other country in the world, though spending fell 19% to A$676.3 million from the previous year. Gold was the main targe…
Northern Miner Indices (June 25, 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….
Seven inducted into National Mining Hall of Fame
Seven pioneers of North American mining have been welcomed into the U.S.-based National Mining Hall of Fame.Only one of the inductees, Stewart Wallace, is alive; the others will be honoured posthumous…