Producer and Dealer Prices (July 15, 2002)
Antimony: Mid-mkt US$1,440/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.90-7.50/lb.Copper: Comex Sept US$0.7615/lb.Indium: Ind…
News
Alcoa rebounds in Q2
Costcutting enabled Alcoa (AA-N) to turn a respectable profit in the second quarter.The world’s largest aluminum producer earned US$232 million (or US27 per share) on revenue of US$5.2 billion during…
Barrick doubles Alto Chicama resource estimate (July 15, 2002)
Infill drilling by Barrick Gold (ABX-T) on the Lagunas Norte deposit has more than doubled the inferred resource at the 185-sq.-km Alto Chicama property in north-central Peru.The resource now stands a…
Gold Fever in BC, Part 2
The exploration and development of porphyry deposits during the 1960s and 1970s had a profound effect on the mining community in British Columbia. Between 1965 and 1987, one out of every four deposits…
Alcoa receives award
Alcoa Foundation, the charitable arm of Pittsburgh, Pa.-based Alcoa, one of the world’s largest aluminum refiners, has received an award from the Tennessee Department of Environment and Conservation (…
34 die in Ukrainian coal mine
A fire in Ukraine has claimed the lives of 34 miners, bringing the country’s death toll from mining-related accidents to nearly 150 this year.Thirty of the miners were in a trolley descending into the…
Kinross no longer Greystar insider
Recent insider trading transactions reported by the Ontario Securities Commission include the following:o Alamos Minerals (AAS-V) — Chester Millar, director, bought 70,000 shares at 39-57, sold 139,…
Central Fund closes US$48.5m share issue
Central Fund of Canada (CEF.A-T), a precious metals holding company based in Calgary, has sold 11.6 million class A shares to a syndicate of underwriters led by CIBC World Markets. The proceeds total …
MOST ACTIVE ISSUES, JULY 3-9
ExchgVol(000s)HighLowCloseChangeKinross GoldT275113.473.033.46+0.02…
GREATEST VALUE TRADED, JULY 3-9
ExchgVal($000s)HighLowCloseChangeAlcoa*N40023833.5231.8031.96-1.00…
Aurizon buys out TVX royalty
Aurizon Mines (ARZ-T) has paid $5 million in cash for TVX Gold’s (TVX-T) residual interest in the Casa Berardi property in northwestern Quebec.The residual interest consisted of an outstanding $3.9-mi…
Canadian heavyweights kicked off S&P 500
The July 3-9 report period ended with a surprise bang, when Standard & Poor’s announced that it was removing Alcan, Barrick Gold, Placer Dome and Inco from its S&P 500 index…