Boliden sells assets to restore strength
Financially beleaguered Boliden (BOL-T) reported a net loss of US$25.1 million (or 11 per share) for the first quarter of 2001, up from a net loss of US$18.1 million (18 per share) a year earlier.In…
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Energy costs, environmental liabilities hurt Phelps Dodge
Denver — Higher energy costs forced Phelps Dodge (PD-N) to post a first-quarter loss of US$14.7 million (or 19 per share) before a pretax, non-recurring gain of US$28.9 million.The pretax gain came …
Canadian Stock Exchange Indices (May 14, 2001)
DateMay 8May 7May 4May 3May 2HighLowTSE 3008064.208205.567981.687955.50…
Metal Prices (May 14, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 8May 7May 4May 3May 2Aluminium1584.50/1555…
De Villiers to speak at meeting
Marq de Villiers, whose book Water won the 1999 Governor General’s Award for non-fiction, will speak at the joint annual meeting of the Geological Association of Canada (GAC) and the Mineralogical Ass…
Geoscience builds bridges through NATMAP
A project focused on studying Nunavut’s gold potential was among the highlights of Canada’s National Geoscience Mapping Program (NATMAP) in 2000. The program, now in its 10th year, was developed by th…
San Martin mine blesses Glamis with profit
Denver — Commissioning of the San Martin mine in Honduras propelled Glamis Gold (GLG-N) to a first-quarter profit despite difficult times.The company earned US$387,000 (or 1 per share), compared wit…
Producer and Dealer Prices (May 14, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.95-11.80/lb.Copper: Comex July US$0.7685/lb.Indium: In…
NAME CHANGES (May 14, 2001)
Fairmile Bold (fla-v) has changed its name to Fairmile Goldtech (fla-v) on a 1-new-for-10-old-share basis.Strathmore Resources (smr-v) has changed its name to Strathmore Minerals…
Lower Metal Prices causes Grupo Mexico to post loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million on revenue of US$773.2 million in the three months ended March 31.Lower metal prices and higher energy co…
Corriente drills deeper
Corriente Resources (CTQ-T) has tabled encouraging drill results from a 7,500-metre program at the Mirador copper prospect in southeastern Ecuador.The first batch of 13 holes yielded five intersection…
TSE Short Positions (May 14, 2001)
Short positions outstanding at April 30, 2001Larger individual positions include:Alcan Inc. 1,106,907 up 358,359; Algoma Steel Inc. 248,500 up 246,500; Anderson Exploration Ltd. 4,374,970…