Northern Miner Indices (October 29, 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…
2001
Inco squeaks out third-quarter profit
Despite precipitous declines in nickel and copper prices during the third quarter, Inco (N-T) managed to bank a US$33-million profit on sales revenue of US$434 million.The earnings figure, which inclu…
Santa Rosa yields gold for refining
From its pilot plant at the Santa Rosa project in southeastern Peru, Andean American Mining (AAG-V) has delivered the first 7.8 kg of gold concentrates for refining. The shipment sold for US$282.60 pe…
PEOPLE (October 29, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Cream Minerals — Ferdinand Holcapek appointed director.Diamondex — James Eccott appointed director.Idaho Cons…
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…
MOST ACTIVE ISSUES, OCTOBER 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N1443334.2331.3033.75+0.94…
The Northern Miner – North American Mining Index (October 29, 2001)
64.71 (-2.66)(Sept. 30/98 = 100)…
Millennium, PGM join forces at Lac des les
A merger between New Millennium Metals (PGM-V) and Platinum Group Metals (PTG-V) is designed to consolidate the juniors’ land positions in the Lac des les region of northwestern Ontario.The deal, whi…
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Kennecott targets GQ stones (October 29, 2001)
An agreement with Band-Ore Resources (BAN-T) sets the stage for Kennecott Canada Exploration to earn a majority interest in the GQ diamond property, near Wawa, Ont.Kennecott, which is a unit of Rio Ti…
NAME CHANGES (October 29, 2001)
Fosters Resources (FRE-V) has changed its name to Blue Mountain Resources (BMR-V) on a 1-new-for-4-old-share basis.Totem Mining (TOH-V) has changed its name to Comcorp Ventures…
Gold price stalls development
Gold mining and gold exports play a vital role in many countries in the Asia-Pacific region, but their future economies are threatened by the low international price of the precious metal. Exploration…