Trading Summary (April 25, 2001)
The Toronto Stock Exchange gained 53.63 points to end at 7,945.3 points on Wednesday. Only three of the TSE’s 14 su…
News
Sherritt Coal ups offer, Luscar Fund accepts
The Sherritt Coal partnership has sweetened its bid for all of the outstanding units and debentures of the Luscar C…
Power sales drive Cominco (April 24, 2001)
Vancouver — The continuing power shortage in the United States pushed profits up for Cominco (CLT-T), the world’s…
Falconbridge strike hits Noranda’s earnings
A six-and-a-half-month strike at subsidiary Falconbridge’s (FL-T) Sudbury nickel operations, combined with lower me…
Energy costs squeeze Phelps Dodge in first quarter
Denver — Higher energy costs continue to hurt the bottom line for Phelps Dodge (PD-N), resulting in a loss of US$1…
Teck and Inco team up in Brazil
Vancouver — Diversified miners Teck (TEK-T) and Inco (N-T) have joined forces to explore Brasilca Mining’s (BSL-V)…
Agnico’s recovery stutters slightly
Agnico-Eagle Mines’ (AGE-T) financial recovery has stumbled slightly and the company has posted a loss of US$300,00…
Anglo cuts big grades at Boyongan
Vancouver — Partners Anglo-American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a very rare geolog…
Trading Summary (April 24, 2001)
Only three of the Toronto Stock Exchange’s 14 subindexes managed to finish in the black on Tuesday as the 300 compo…
Campbell writedowns dent bottom line
Continued low gold prices, suspension of mining operations at the Joe Mann underground gold mine in northern Quebec and writedowns totalling $45.7 million all resulted in a considerable loss for Campb…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
LME Warehouse Levels (April 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17/01 (change from April 10 in brackets):MetalStock (tonnes)ChangeAluminium…