Consolidation afoot in Free State
Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…
2001
Platosa yields mixed results (November 26, 2001)
Vancouver — Three drill holes at the Platosa base metal property in west-central Mexico have returned significant mineralization for Excellon Resources (EXN-V).Two of the holes tested the lateral off…
GREATEST VALUE TRADED, NOV. 14-20
ExchgVal($000s)HighLowCloseChangeFranco-NevT93366825.1021.9023.200.00…
World’s largest copper mine slashes production by 10%
A serious fall in the demand for copper has caused BHP Billiton (BHP-N) to reduce production at the Escondida and Tintaya operations in South America by an estimated 170,000 tonnes on an annualized ba…
The Northern Miner — North American Mining Index (November 26, 2001)
65.46 (-2.40)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES, NOV. 14-20
ExchgVol(000s)HighLowCloseChangeFranco-NevT4024425.1021.9023.200.00…
Spot Prices Wed. November 21, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$273.15-$4.40Silver$ 4.07-$0.11Platinum…
Exchange Rates (November 26, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14US$ in C$1.59331.58451.58751.5…
Canadian Stock Exchange Indices (November 26, 2001)
DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14HighLowTSE 3007381.217422.757315.307262.917349.45…
Junior companies target tantalum prospects
Vancouver — The lacklustre performance of most traditional metals has induced several junior companies to begin exploring for tantalum in earnest.Global demand for tantalum has accelerated dramatical…
Grab samples augur well for Freewest in New Brunswick
Sackville, N.B. — Freewest Resources Canada (FWR-V) has discovered gold-bearing boulders and frost-heaved sub-crop within a prominent, multi-element glacial till anomaly at the Clarence Stream proper…
Northern Miner Indices (November 26, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…