Canadian Stock Exchange Indices (August 13, 2001)
DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1HighLowTSE 3007772.23Holiday7744.217756.197741.37…
News
Spot Prices Wed. August 8, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.50-$1.20Silver$ 4.16-$0.08Platinum$442.00-$…
MOST ACTIVE ISSUES, AUGUST 1-7
ExchgVol(000s)HighLowCloseChangeFreeport McB*N1511811.3710.6810.98+0.22…
Freeport’s Grasberg zero-cost copper producer
Record gold sales and throughput in the second quarter have allowed Freeport-McMoRan Copper & Gold (FCX-N) to post zero-unit cash costs for each pound of copper produced at the vast Grasberg mine in I…
Producer and Dealer Prices (August 13, 2001)
Antimony: Mid-mkt US$1,015/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-10.15/lb.Copper: Comex Sept. US$0.669/lb.Indium: In…
Hedging lifts Aur’s bottom line
Steady production and beneficial hedging allowed Aur Resouces (AUR-T) to pocket a tidy US$8-million profit during the second quarter.Aur’s share of combined second-quarter production from the Quebrada…
Grupo Mexico hurt by lower prices
Despite cost-cutting, Grupo Mexico suffered a loss of US$42.7 million (7 per share) on revenue of US$1.5 billion during the first half of 2001.By comparison, earnings in the first half of last year t…
Cambior’s loss widens in quarter
Lower realized gold prices in the second quarter frustrated Cambior’s (CBJ-T) ongoing efforts to recover from a hedge book gone wrong in 1999.During the three months ended June 30, the company suffere…
River turns to shareholders
Hard-pressed for cash, River Gold Mines (RIV-T) is attempting to raise $5.4 million by issuing just over 31 million rights to its shareholders.Proceeds are earmarked for debt reduction, working capita…
Ivanhoe accelerates Mongolian exploration
Impressed by results to date, Ivanhoe Mines (IVN-T) has decided to drill another 16,000 metres at its Turquoise Hill copper-gold porphyry project in southern Mongolia.Situated 560 km south of the capi…
Exchange Rates (August 13, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1US$ in C$1.5340Holiday1.53481.5412…
Anglogold posts solid results
Vancouver — Despite lower production, the world’s largest gold producer saw its earnings jump 19% in the second quarter.Anglogold (AU-N) posted a profit of US$63 million (or 62 per share) in the thr…