More water, more options for Alcan smelter
A higher-than-usual accumulation of snow at Alcan’s smelter in British Columbia has provided the aluminum giant with some interesting options.These include storing the water for future use, or selling…
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Hibernation sends Richmont’s sales south
With revenue grinding down to a mere $863,306 during the first three months of 2001, junior Richmont Mines (RIC-T) posted a loss of $348,427, or 2 per share.That’s nonetheless an improvement over the…
TSE renames CDNX, revamps TSE 300 Index
It looks as if “rebranding” fever has hit the Toronto Stock Exchange hard.In a follow-up to its $50-million takeover of the Canadian Venture Exchange (CDNX) in May 2001, the TSE has renamed the junior…
US producers mixed over gold rally
Despite a rally in bullion prices, U.S. gold producers were a mixed bag during the April 24-30 report period.Newmont Mining dove US73 to US$28.51 on a volume of 19.4 million shares, whereas AngloGold…
Spot Prices Wed. May 1, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$308.30+$3.80Silver$ 4.54-$0.04Platinum$523.00-$…
Revenue, earnings down at SPCC
First-quarter earnings at Southern Peru Copper (PCU-N) were weaker on lower production and lower realized copper prices. For the quarter ended March 31, the company earned US$6.4 million on revenues o…
Northern Miner Indices (May 06, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Daily Metal Prices (May 06, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 30April 29April 26April 25April 24Aluminium13…
MOST ACTIVE ISSUES, APRIL 24-30
ExchgVol(000s)HighLowCloseChangeTVX GoldT355901.341.081.30+0.21…
TSE Short Positions (May 06, 2002)
Short positions outstanding at April 15, 2002Larger individual positions includeAgnico-Eagle 4,943,935 up 737,099; Andean American 111,000 up 107,000; Ashton 621,659 down 157,769;…
LME Warehouse Levels (May 06, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 30 (change from April 23 in brackets):MetalStock (tonnes)ChangeAluminium1110850…
Producer and Dealer Prices (May 06, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.35/lb.Copper: Comex July US$0.739/lb.Indium: Indi…