Prosperity schemes and dreams
A 40-year track record of failure did not put a damper on Ottawa’s latest multi-million-dollar effort to buy prosperity for Atlantic Canada, and neither did cynics who accused Prime Minister Jean Chre…
News
Falco eyes Cantex’s Suwar property
Nickel producer Falconbridge (FL-T) has agreed to earn a 60% working interest in the Suwar massive sulphide project in northwestern Yemen. Currently, the property is wholly owned by Cantex Mine Develo…
EVENTS (July 10, 2000)
July 24-27 Blasting Analysis Int’l — “2000 High-Tech Blasting Seminar.” Delta Orlando Resort Hotel, Orlando, Fla. Tel: (610) 530-7415. Fax: (610) 395-5552. E-mail: blastinganalysi…
LME Warehouse Levels (July 10, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 4/99 (change from June 27 in brackets):Aluminium512750(-19000)…
Gold catches up on market breather
In the holiday-shortened report period that ended on July 4, the Dow Jones industrial average climbed 56.21 points to close at 10,560.67.Gold rebounded to US$290.10 on the Comex division of the New Yo…
Gold Funds (July 10, 2000)
Gold Funds as of June 29, 2000Dynamic MutualCentral FundNet Value$13.11$5.63Price$8.1…
Gold miners’ break-even costs break downward trend
A report by National Bank Financial shows that senior gold producers are able to keep their heads above water in a low-gold-price environment. The same cannot be said for mid-tier producers, which spe…
South Malartic hits more gold
Exploration drilling by South Malartic Exploration (MSU-T) at its Croinor gold project, east of Val d’Or, Que., continues to yield positive results.The junior has proved the existence of flat-lying, g…
Metal Prices (July 10, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)Aluminium1553/15751560.50/1580.501564/158…
GREATEST VALUE TRADED, June 28-July 4
Value($000s)HighLowCloseChangeAlcoa*N…
Exchange Rates (July 10, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 4July 3June 30June 29June 28…
Zinc, nickel hold on to gains
The Americans’ Independence Day fell on a Monday this year, and so, with the report period June 26-30 leading into a long weekend, it is not surprising little out-of-the-ordinary occurred in metals ma…