TSE Short Positions (December 17, 2001)
Short positions outstanding at November 30, 2001Larger individual positions include:Agnico-Eagle 1,905,785 up 949,900; Alcan Inc; P> 1,460,722 up 371,386; Barrick Gold 10,815,328 up 155,839; Bolide…
News
Francisco eyes targets in Guatemala
Vancouver — Junior Francisco Gold (FGX-V) has identified additional targets on ground surrounding the promising Marlin Main zone in Guatemala.Regional prospecting and sampling 30 km southeast of the …
Normandy takeover heats up
The quest for Australian gold producer Normandy Mining turned a corner over the Dec. 5-11 report period as Newmont Mining increased its cash component to twice that offered by rival suitor AngloGold…
Canaccord revises PGM forecast downward
In a November research report, Canaccord’s London-based gold analyst, Roger Chaplin, lowers his price projections for platinum group metals (PGMs) and their producers.Building on PGM supply-and-demand…
Canadian Stock Exchange Indices (December 17, 2001)
DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5 High LowTSE 3007531.637559.817616.807613.677620.17…
Attacks will cost Canada $5b
Canadian mining, along with manufacturing, transportation, tourism and retail, lost a total of $1.2 billion as a result of the Sept. 11 terrorist attacks in New York City, according to a report by a H…
McWatters files reorganization plan (December 17, 2001)
McWatters Mining (MCW-T) has filed a plan of arrangement under the Companies’ Creditors Arrangement Act aimed getting a handle on its debt and resuming production at the Sigma-Lamaque open-pit gold mi…
Candente extends gold system in Peru
Vancouver — Mapping and geochemical sampling by Candente Resources (DNT-V) have uncovered a new gold target on the Lunahuana property near Lima in central Peru.Situated 1.5 km east of the previously …
Northern Miner Indices (December 17, 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…
Green light flashes for Thunderbox mine
Partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources will proceed with development of the Thunderbox gold project in Western Australia.With a 4-year finance facility…
Codelco plans copper cuts (December 17, 2001)
Vancouver — The world’s largest copper producer has finally entered the fold of the other majors by announcing it will cut output by at least 100,000 tonnes in 2002.The move by Chile’s state-owned Co…
Algoma Steel wins more time
Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the charm for its debt restructuring.The company announced it has filed a third amended …