Miners hit new lows
The Dow Jones industrial average climbed back 303.36 points, or 3%, to close at 10,393.07 for the report period ended Oct. 24, after a difficult previous week.Spot gold on the New York Mercantile Exch…
News
CDNX gains momentum
Canada’s junior exchange posted gains as all indices ended up in the black at the close of the report period Oct 18-24. The Canadian Venture Exchange composite index added 45.48 points, or 1.4%, to it…
Nickel majors post hefty profits
Powered by sustained high prices for nickel and copper, Inco (N-T) and Falconbridge (FL-T) both recorded large profits during the third quarter.Inco reported net earnings of US$79 million (US37 per f…
Sherritt’s profits rise, debentures shrink
A combination of stronger oil prices, higher production and fewer taxes translated into improved third-quarter earnings for Sherritt International (S-T).Net income for the three months ended Sept. 30 …
EVENTS (October 30, 2000)
Nov. 3-4 PGM Exploration — Short course. Organizers: Laurentian University, University of Toronto and University of Western Ontario. To be held at Laurentian University Campus, Sudbury, Ont. Tel: (70…
GREATEST VALUE TRADED, Oct. 18-24
ExchgVal($000s)HighLowCloseChangeAlcoa*N 450104 25.62 23.19 24.94 – 1.06…
LME Warehouse Levels (October 30, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 24/00 (change from Oct. 17 in brackets):MetalStock(tonnes)ChangeAluminium337375(…
News – 30-OCT-00 (October 30, 2000)
TOP 20 – Oct. 18 – 24Alcoa* N 18049 25.62 23.19 24.94 – 1.06William Res T 7090 0.12 0.10 0.12 + 0.01Franco-Nev T 6887 13.60 12.55 13.30 + 0.80Alcan T 6534 46.75 43.05 45.35 …
Kinross prepares for go-ahead at True North
Kinross Gold (K-T) is awaiting final permits to begin construction at the True North gold deposit in Alaska’s Fairbanks district.The company has budgeted US$18 million to construct this satellite depo…
Canadian Stock Exchange Indices (October 30, 2000)
DateOct. 24Oct. 23Oct. 20Oct. 19Oct. 18HighLowTSE 30010352.1010472.9610485.2010231.639926.7811401.976996.02Mines & Minerals3328.303270.3632…
Juniors flock to Alaska for PGMs
Although most of the activity by junior companies in Alaska has been for gold, exploration for platinum group elements is decidedly on the upswing.In the late 1990s, when the price of platinum and pal…
BC peak deemed more fitting
I agree with the points you make in the editorial “Mount Logan forever” (T.N.M., Oct. 16-22) regarding the re-naming of Mount Logan to honour the memory of former prime minister Pierre Trudeau.Althoug…