GREATEST VALUE TRADED, August 16-22
Value($000s)HighLowCloseChangeRio Algom…
News
Exchange Rates (August 28, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16…
LME Warehouse Levels (August 28, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 22/00 (change from Aug. 15 in brackets):Aluminium417775(-9025)…
Canadian Stock Exchange Indices (August 28, 2000)
— 52-week –DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16High…
Nickel’s climb continues
Another quiet week for base metals saw zinc and nickel move to centre stage as aluminum and copper prices continued to trade within their recent ranges.During the report period Aug. 14-18, zinc gained…
Weak silver pulls down Hecla
Lacklustre silver prices forced Hecla Mining (HL-N) to post a loss for the second quarter — a situation made worse by asset writedowns and a quarterly dividend.The total loss amounted to US$18.7 mill…
Semafo extends mineralization at Nyafe (August 28, 2000)
Results from reverse-circulation drilling by Montreal-based Semafo (SMF-T) at the Mana and Fobiri concessions in Burkina Faso show that a vein system previously defined on surface continues to depth.T…
MOST ACTIVE ISSUES, August 16-22
Volume(000s)HighLowCloseChangeWilliam Res…
Noranda, Codelco launch Rio Algom takeover
The copper wars that shook up the U.S. and Mexican mining scene earlier this year moved north during the Aug. 16-22 report period, as heavyweights Noranda and Codelco (Corporacion National Del Cobre d…
Gold loses lustre in slow market
The Dow Jones industrial average rose 72.15 points, or 0.65%, during the report period ended Aug. 22. It closed at 11,139.15, spurred on by news the U.S. Federal Reserve would not increase interest ra…
Hope Bay program expanding
Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have authorized $4 million in exploration spending for their jointly owned properties in the Hope Bay greenstone belt in Nunavut.The companies will con…
Cominco hands Bongara zinc project to Australia’s Pasminco
For an undisclosed amount, Cominco (CLT-T) has transferred its right to earn 65% of the Bongara zinc project in northern Peru to Australia’s Pasminco.The latter, through its Peruvian subsidiary, will …