Broad market losses weigh down holiday period
Despite a brief surge early on, the Toronto Stock Exchange slipped 61.52 points over the report period Oct. 4-10 to end the Thanksgiving-shortened week at 10,394.33.Resource stocks were a mixed bag, w…
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Miners hit in weak market
Despite a late surge in the price of gold, mining stocks were battered, along with the rest of the market, for the week ended Oct. 10. The Dow Jones industrial average slumped 195.35 points, or 1.8%, …
Technology sector pulls down CDNX
A 6.5% drop in the technology sector, combined with a 1.6% slide in the mining index, pulled the Canadian Venture Exchange down during the holiday-shortened report period ended Oct. 10. The CDNX compo…
GREATEST VALUE TRADED, Oct. 4-10
ExchgVal($000s)HighLowCloseChangeAlcoa*N 612535 29.62 26.25 29.56 + 2.62…
Metal Prices (October 16, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 10Oct. 9Oct. 6Oct. 5…
Expatriate resumes drilling
Exploration drilling by Expatriate Resources (EXR-V) is testing the WOL and Goal Net properties in the Finlayson Lake region of the Yukon Territory. In the meantime, the company is examining the feasi…
VBN buyback hits snag
Inco’s (N-T) recently announced buyback of shares of Voisey’s Bay Nickel (VBN) has drawn fire from a group of New York-based investors. The group described the offer as “unfair” and urged holders of V…
LME Warehouse Levels (October 16, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 10/00 (change from Oct. 3 in brackets):MetalStock (tonnes)Change…
Too far, too fast?
The report period Sept 25-29 saw a retracement for metals prices from their recent highs. Funds are still the main supplier of volume to the base metals markets and, despite further declines in London…
MEETINGS (October 09, 2000)
Oct. 11 Hucamp — annual, specialOct. 11 Kelnick — annual, special; 4 p.m., Ste. 5800, Scotia Plaza, 40 King St. W., TorontoOct. 11 New Coast Silver — annual, general; 10 a.m., 1650-118…
Anaconda ramps up at Murrin Murrin
“Aussie Nickel Producer Poised to Vault by Inco” was the brash subtitle of a media advisory sent out by Australian-listed Anaconda Nickel in August 1999.Anaconda’s surging confidence in those days was…
First Quantum lends hand to Zambian recovery
Although the Nkana and Mufulira mines reverted back to private hands only six months ago, newly appointed operator First Quantum Minerals (FM-T) has wasted no time in effecting their repair. As a resu…