CDNX stalls on low volume
Vancouver — Canada’s junior exchange failed to generate any excitement as all indices traded in a narrow range and on low volume. The Canadian Venture Exchange composite index added 0.08 of a point t…
News
GREATEST VALUE TRADED, AUGUST 15-21
ExchgVal($000s)HighLowCloseChangeAlcoa*N 408393 38.50 36.05 37.40 + 0.49…
Northern Miner Indices (August 27, 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…
Producer and Dealer Prices (August 27, 2001)
Antimony: Mid-mkt US$1,005/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.50-11.00/lb.Copper: Comex Sept. US$0.6715/lb.Indium: I…
Agnico-Eagle inaugurates Penna shaft
Rouyn-Noranda, Que. — Mine openings and expansions are increasingly rare events in this historic camp, so a few showers did not dampen the enthusiasm of more than 800 guests who gathered here to help…
Breakwater dons survival gear as zinc sinks
Depressed metal prices are taking their toll on Breakwater Resources (BWR-T), with the zinc miner racking up $9.5 million in losses for the first six months of the year along with a drop in revenue to…
Partners shake on finance
Partners Boliden (BOL-T) and Swedish-listed North Atlantic Natural Resources, in which Boliden and South Atlantic Resources (SCQ-V) each own 38%, have agreed to a financing structure to bring the Stor…
On-line procurer aims for 1 billion
Quadrem, the mining industry’s largest on-line procurement service, expects to rack up US$1 billion in transactions this year.Moreover, the company expects the value of transactions to escalate to US$…
Exchange Rates (August 27, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 21August 20August 17August 16August 15US$…
Broad market rebounds, resource stocks soar
Bolstered by an reinvigorated resource sector, the Toronto Stock Exchange 300 index gained a healthy 132.54 points over the five trading days ended Aug. 21, finishing at 7,472.98.The yellow metal had …
Metal Prices (August 27, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 21August 20August 17August 16August…
Snyder sale lifts Franco
The sale of its Ken Snyder mine in Nevada helped Franco Nevada Mining (FN-T) turn a $46.9-million profit in the three months ended June 30, 2001.The quarterly earnings, which translate into 30 per sh…