Trading Summary (June 11, 2001)
The Toronto Stock Exchange shed 36.57 points to close at 8,091.8 on Monday. Leading the slide was the tech-heavy in…
News
Spot Prices Wed. June 6, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.95-$6.70Silver$ 4.36-$0.15Platinum$585.00-$…
Exchange Rates (June 11, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 5June 4June 1May 31May 30US$ in C$1.53271.53571.53201.5457…
Producer and Dealer Prices (June 11, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.00-12.75/lb.Copper: Comex July US$0.7615/lb.Indium: I…
Data point to shrinking demand
During the report period May 28-June 1, base metals moved back to test the bottom end of their recent price ranges and, as a result, posted some large declines. Copper, aluminum and nickel all registe…
Metal Prices (June 11, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 5June 4June 1May 31May 30Aluminium1494/1511.50…
LaRonde to produce more gold
Having outlined more reserves, Agnico-Eagle Mines (AGE-T) intends to increase daily production to 7,000 tons at the LaRonde gold-copper mine, near Val d’Or, Que.Since it expanded the milling rate to 5…
Gold Funds (June 11, 2001)
Gold Funds as of May 31, 2001Dundee Precious MetalsCentral FundNet Value$13.52$5.29Price$9.50$5.05…
Kennecott slashes copper output
Denver — Kennecott Utah Copper, a subsidiary of Rio Tinto (RTP-N), has suspended operations at the North concentrator and cut 235 workers in an effort to reduce costs.Operations, including rail haula…
Delays at Bounty mine hamper Viceroy
Vancouver — A low gold price combined with high operating costs resulted in another quarterly loss for Viceroy Resource (VOY-T) during the three months ended March 31.The company posted a net loss of…
Rockwell drops Pedra Branca
Denver — Rockwell Ventures (RCW-V) has dropped the Pedra Branca platinum-palladium project in northeastern Brazil after drilling failed to return satisfactory results.Rockwell was earning a 60% inter…
Sultan explores Kena gold project GQ
Vancouver-based Sultan Minerals (SUL-V) has launched an exploration program at the Kena gold property, near Nelson in southeastern British Columbia. Work is focused on the Gold Mountain zone discovery…