MONTREAL-LISTED STOCKS
Note: After 127 years, the Montreal Exchange stopped trading stocks on Sept. 28, 2001. All 107 Montreal listings moved on Oct. 1, 2001, to the Canadian Venture Exchange but are retaining their ticker …
News
Metal Prices (October 08, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26Aluminium…
Exchange Rates (October 08, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26US$ in C$1.56881.57891.5…
Bulls beat bears on CDNX
Vancouver — Canada’s junior exchange posted modest gains on all indices amid a high volume of trading. The Canadian Venture Exchange composite index closed the week ended Oct. 2 up 58.26 points, or 2…
Major Drilling gains assets Down Under
Moncton, N.B.-based Major Drilling is acquiring Ausdrill’s exploration drilling operations in Queensland, Australia, and New Zealand.The purchase includes drilling equipment, as well as contracts wort…
Too much money can be a bad thing
For some companies, the world ends with a bang and a whimper. A long, protracted whimper.Thus it was for the giant British conglomerate Marconi, which has fallen from 8 to a low of 0.12 over the pas…
IOC suspends plant construction
In response to a deteriorating steel market, Iron Ore Co. of Canada (IOC) is suspending construction of its iron-ore pellet plant in Sept-les, Que.The company has been in the midst of a $360-million …
Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
Diavik inches toward completion
Construction of Canada’s next diamond mine is 58% complete and remains on schedule for completion in April 2003.London-based Rio Tinto (RTP-N) and Toronto-based Aber Diamond (ABZ-T) are spending a tot…
The benefits of flow-through
Recent market conditions have exacted a further toll on the exploration sector and prevented the new “super” flow-through share program from performing to expectations.Super flow-through shares are a …
Canmine expands cobalt refinery
Canmine Resources is modifying its namesake refinery in Cobalt, Ont., after closing a $6.7-million financing this past summer.A 13,388-sq.-ft. expansion, which will roughly double the size of the plan…
PGM to work Stucco
Junior Platinum Group Metals (PTG-V) will begin exploring the Stucco palladium property near Thunder Bay, Ont.The area is one of two palladium plays in the province and is home to the Lac des les min…