Trading Summary (August 27, 2001)
The Toronto Stock Exchange 300 composite index gained 32.24 points, closing at 7,662.2 on Monday. Leading the way w…
News
Snyder sale lifts Franco
The sale of its Ken Snyder mine in Nevada helped Franco Nevada Mining (FN-T) turn a $46.9-million profit in the three months ended June 30, 2001.The quarterly earnings, which translate into 30 per sh…
Hecla reaches deal for clean-up
Denver — Hecla Mining (HL-N) has reached an agreement in principle with the U.S. government and the state of Idaho concerning its share of environmental clean-up costs in northern Idaho’s Coeur d’Ale…
TSE Shorts (August 27, 2001)
Short positions outstanding at August 15, 2001Larger individual positions include:Alcan Inc. 1,285,090 up 105,173; Anderson Exploration 4,280,983 down 1,086,881; Barrick Gold 12,068,975 d…
New era for Canada’s North Roads to resources
It has been talked about for decades, but until recently, plans to build a road connecting a mineral-rich portion of Canada’s North to a port on the Arctic coast haven’t left the drawing board. That m…
PEOPLE (August 27, 2001)
Black Bull — George Cooper appointed director.Candor — Terrence Fisher appointed chairman; Paul Chamois appointed president and director; Patrick Reid appointed secretary and director.Elkhorn Gol…
Broad market rebounds, resource stocks soar
Bolstered by an reinvigorated resource sector, the Toronto Stock Exchange 300 index gained a healthy 132.54 points over the five trading days ended Aug. 21, finishing at 7,472.98.The yellow metal had …
US got it right, B.C. left in lurch
Coincidental with the arrival of your Aug. 6-12 issue, which contains the editorial “United we fall,” I received in the mail a glossy brochure promoting the Clayoquot Sound United Nations Educational,…
Agnico-Eagle inaugurates Penna shaft
Rouyn-Noranda, Que. — Mine openings and expansions are increasingly rare events in this historic camp, so a few showers did not dampen the enthusiasm of more than 800 guests who gathered here to help…
Silver Standard hits high-grade silver
Vancouver — Junior Silver Standard Resources has cut a thick sequence of silver mineralization at its wholly owned Bowdens deposit in New South Wales, 200 km northwest of Sydney.The high-grade inters…
Breakwater dons survival gear as zinc sinks
Depressed metal prices are taking their toll on Breakwater Resources (BWR-T), with the zinc miner racking up $9.5 million in losses for the first six months of the year along with a drop in revenue to…
Partners shake on finance
Partners Boliden (BOL-T) and Swedish-listed North Atlantic Natural Resources, in which Boliden and South Atlantic Resources (SCQ-V) each own 38%, have agreed to a financing structure to bring the Stor…