Shore resumes work at Star
Junior Shore Gold (SGF-V) has resumed drilling on its wholly owned Star kimberlite property, 60 km east of Prince Albert, Sask.The 7-hole program is designed to increase the level of confidence in the…
2001
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Seabee tops 500,000 oz.
Production at the Seabee mine in Saskatchewan’s La Ronge district has exceeded 500,000 oz., more than double that of any previous gold mine in the province. Operator Claude Resources (CRJ-T) says the …
Staff Investment Policy (June 18, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Exchange Rates (June 18, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 12June 11June 8June 7June 6US$ in C$1.52441.51611.52101.5209…
LME Warehouse Levels (June 18, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 12/01 (change from June 5 in brackets):MetalStock(tonnes)ChangeAluminium605400(+…
MOST ACTIVE ISSUES, JUNE 6-12
ExchgVol(000s)HighLowCloseChangeAlcoa*N 1190644.9839.7740.50-4.34…
Canadian Stock Exchange Indices (June 18, 2001)
DateJune 12June 11June 8June 7June 6HighLowTSE 3008094.788091.828128.378191.498194.3911401.977382.00Metals & Minerals4558.35…
Mining sector shines as CDNX slumps
Vancouver — Mining stocks were the only bright spots on Canada’s junior exchange as all other sectors slid into negative territory. The Canadian Venture Exchange composite index lost 10.28 points, or…
Boliden bows to legal pressure
Citing uncertainties associated with a lawsuit brought forth by Falconbridge (FL-T) and Noranda (NOR-T), Boliden (BOL-T) has decided to sell those companies its adjoining Lomas Bayas and Fortun…
Virginia forms alliance with Noranda (June 18, 2001)
With dozens of projects on the go, Virginia Gold Mines (VIA-T) is doing more than its share to keep exploration alive in the vast wilderness of northern Quebec. The junior is also receiving financial …
Northern Miner Indices (June 18, 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….