Daily Metal Prices (June 10, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 4June 3May 31May 30May 29AluminiumHoliday…
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TSE Short Positions (June 10, 2002)
Short positions outstanding at May 31, 2002Larger individual positions includeAber Diamond 483,608 up 120,910; Agnico-Eagle 4,954,434 down 143,001; Alcan 970,984 down 248,043; Am…
Benchmark slips as domestic turmoil erupts
Despite an eventful week domestically, the TSE/S&P index slipped just 92.56 points over the May 29-June 4 report period to finish 1.2% lower, at 7,568.02.On June 2, Finance Minister Paul Martin was re…
Silver adds shine to gold’s lustre
Vancouver — Canada’s junior exchange rallied over the report period ended June 4, as investors added silver-related stocks to their recent purchases of junior gold issues. The Standard & Poor’s-TSX V…
MOST ACTIVE ISSUES, MAY 29-JUNE 4
ExchgVol(000s)HighLowCloseChangeKinross GoldT279264.343.664.18+0.01…
GREATEST VALUE TRADED, MAY 29-JUNE 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N71024532.6230.5131.56-0.41…
Novagold hits new zone at Donlin
Vancouver — An ongoing drill program by NovaGold Resources (NRI-T) has uncovered a new zone of mineralization some 500 metres north of the high-grade Acma deposit, on the Donlin Creek property in Ala…
American Gold Capital reactivates Talapoosa
A deal with Miramar Mining (MAE-T) has given American Gold Capital (AAU-V) ownership of the Talapoosa property in Lyon Cty., Nev., about 50 km east of Reno.The property, which consists of 155 claims a…
Vista Gold goes through reorganization
Vista Gold (VGZ-T) is closer to a reorganization following shareholder approval of a share consolidation and refinancing.The shareholder approvals cover three separate transactions. In the first, a pr…
Phelps Dodge drives down costs
The world’s second-largest copper producer, Phoenix, Ariz.-based Phelps Dodge (PD-N), is starting to show success in its efforts to reduce operating costs at its mines around the world.Dubbed “Quest f…
Grupo Mexico sees improvements in Q1
Financial results appear to be improving for copper giant Grupo Mexico as cutbacks in production make their effect felt across the organization.Grupo Mexico booked a net loss of US$20.9 million on rev…
GLR dusts off cobwebs
With the price of gold on the rise, GLR Resources (GRS-T) has decided to forge ahead with the development of the Box and Athona deposits, which form part of its Goldfields project on the north shore o…