Low Metal Prices take toll on Teck
Vancouver — Partly as a result of the merger that gave rise to Teck Cominco (TEK-T), the new entity has posted an after-tax net loss for the year of $21 million (or 17 per share) after asset writedo…
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Lang hangs on to Valerie Gold
Vancouver — Frank Lang managed to stave off a contentious proxy fight as shareholders voted almost two-to-one to keep his management team at the helm of Valerie Gold Resources (VLG-V).Less than half …
Falconbridge ends 2001 on sour note
Weak metal markets kept Falconbridge (FL-T) firmly in the red during the final three months of 2001, but not deep enough to erase profits made earlier in the year.Falconbridge squeaked by last year wi…
CDNX rallies as gold climbs
Vancouver — Canada’s junior exchange continued to move higher on heavy volumes over the report period ended Feb. 5. The Standard & Poor’s-CDNX Composite Index gained 25.9 points, or 2.3% to close at …
Canadian Stock Exchange Indices (February 11, 2002)
DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30HighLowTSE 3007523.477591.077690.517648.997548.83…
Daily Metal Prices (February 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30Aluminium1366/1383…
The Northern Miner — North American Mining Index (February 11, 2002)
78.56 (+5.91)(Sept. 30/98 = 100)…
GREATEST VALUE TRADED, JAN. 30-FEB. 5
ExchgVal($000s)HighLowCloseChangePlacer DomeT1343321.9018.9621.67+2.42…
MOST ACTIVE ISSUES, JAN. 30-FEB. 5
ExchgVol(000s)HighLowCloseChangeTVX GoldT367321.010.830.96+0.12…
LME Warehouse Levels (February 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 29 in brackets):MetalStock (tonnes)ChangeAluminium865075(+15…
Omai’s performance improved in 2001
Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…
Coeur ramp cuts high grade at Cerro Bayo (February 11, 2002)
Coeur d’Alene Mines (CDE-N) has cut new high-grade gold and silver mineralization at its Cerro Bayo property in southern Chile.During construction of the upper access ramp, the Idaho-based company cut…