Gold Funds (October 29, 2001)
Gold Funds as of October 18, 2001Dundee Precious MetalsCentral FundNet Value$13.36$5.47Price$8.70$5.34…
2001
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…
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…
News – 29-OCT-01
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …
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…
Staff Investment Policy (October 29, 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…
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…
Twin Mining tests Cargo 1 find
Twin Mining (TWG-T) completed summer drilling at the Jackson Inlet property in Nunavut by sinking a second hole into the Cargo 1 kimberlite discovery to delineate the pipe.Drilled at a right angle to …
CDNX mining index leads way
Vancouver — Except for technology, Canada’s junior exchange posted gains on all sub-indices during the report period ended Oct. 23. The Canadian Venture Exchange closed the week up 45.69 points, or 1…