Technology sector pulls down CDNX
A 6.5% drop in the technology sector, combined with a 1.6% slide in the mining index, pulled the Canadian Venture Exchange down during the holiday-shortened report period ended Oct. 10. The CDNX compo…
News
VBN buyback hits snag
Inco’s (N-T) recently announced buyback of shares of Voisey’s Bay Nickel (VBN) has drawn fire from a group of New York-based investors. The group described the offer as “unfair” and urged holders of V…
LME Warehouse Levels (October 16, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 10/00 (change from Oct. 3 in brackets):MetalStock (tonnes)Change…
GREATEST VALUE TRADED, Oct. 4-10
ExchgVal($000s)HighLowCloseChangeAlcoa*N 612535 29.62 26.25 29.56 + 2.62…
Metal Prices (October 16, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 10Oct. 9Oct. 6Oct. 5…
Exchange Rates (October 16, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 10Oct. 9Oct. 6Oct. 5Oct. 4…
Cassiar raises funds, appoints sales agent
Toronto-based Cassiar Magnesium (CIR-T) is forging ahead with plans to expand asbestos production and develop a magnesium metal project at its newly revived Cassiar operation in northern British Colum…
Northern Miner Indices (October 16, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Producer and Dealer Prices (October 16, 2000)
Antimony: Mid-mkt US$1,825/t.Bismuth: Mid-mkt US$3.35/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.90-18.00/lb.Copper: Comex Dec. US$0.9055/lb.Indium: I…
Copper, nickel prices under pressure
Base metals markets did their best to rain on the parade of the annual industry gathering in London. Fund liquidation saw copper and aluminum prices both shed around US$60 per tonne early in the repor…
Stillwater mine watch continues
Mining analysts are keeping a close watch on Stillwater Mining (SWC-A) as it struggles to expand operations at its namesake mine in the Beartooth Mountains of Montana.Roger Chaplin of Canaccord Capita…
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