Nerves rattled over short-term outlook
The base metals price rally stalled during the report period Nov. 19-23 as the focus turned once again to the poor short-term outlook for consumption.Copper was the market’s best performer, briefly to…
News
War on terrorism will trigger renewed bout of inflation: Ing
The most bullish of Bay Street’s gold bugs, John Ing of Maison Placements Canada, says we are about to enter a period of inflation that will dramatically improve gold prices in the medium term.In an O…
Short term grim for cobalt
The short-to-medium-term outlook for cobalt remains unfavourable, according to a report from London-based Roskill Information Services.In 2001, prices for the base metal fell almost continually, to le…
PEOPLE (December 03, 2001)
Canadian Zinc — John Kearney appointed director.Easton — Eric Caton appointed director and Leslie Markow appointed corporate secretary.Int’l Pursuit — Bernard Kraft appointed executive…
US markets fly like turkeys
The U.S. markets enjoyed an uneventful four trading days surrounding the American Thanksgiving holiday, with the Dow Jones Industrial Average sliding 28.78 points to 9,872.60 and the Standard & Poors …
Matamec cuts gold at Sakami
Val d’Or, Que.-based Matamec Explorations (MAT-V) has released preliminary results from a second round of drilling at the Sakami gold project, 80 km southeast of Radisson, Que.The 2,000-metre drilling…
GSB cuts may be counterproductive
Reports from British Columbia imply the new government of Gordon Campbell may be considering wholesale cuts to the province’s Geological Survey Branch.The first public hint of this proposal came in la…
Trading Summary (November 30, 2001)
The Toronto Stock Exchange added 25.21 points to end at 7,425.7 points on Friday. At the end of trading six of the…
Noranda reduces copper production
Feeling the pinch of weak copper prices, Noranda (NRD-T) plans to suspend production at the Gaspe smelter in May. T…
Hucamp finds irregularities
An internal investigation by Hucamp Mines (YHU-V) has turned up some serious irregularities in the company’s cash a…
Asarco tables copper cuts
Vancouver — Joining the ranks of other major producers, Phoenix-based Asarco, a subsidiary of Grupo Mexico S.A. de…
SouthernEra eyes losses as mines develop
With $2.7 million in exploration cost write-offs, SouthernEra Resources (SUF-T) posted a loss of $1.2 million for t…