Inco squeaks out third-quarter profit
Despite precipitous declines in nickel and copper prices during the third quarter, Inco (N-T) managed to bank a US$33-million profit on sales revenue of US$434 million.The earnings figure, which inclu…
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Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Kennecott targets GQ stones (October 29, 2001)
An agreement with Band-Ore Resources (BAN-T) sets the stage for Kennecott Canada Exploration to earn a majority interest in the GQ diamond property, near Wawa, Ont.Kennecott, which is a unit of Rio Ti…
Gold Fields, Repadre to acquire Ghanaian gold mine (October 29, 2001)
South African gold producer Gold Fields (GOLD-Q) and Toronto-based Repadre Capital (RPD-T) have reached a memorandum of understanding with Perth-based Ranger Minerals for the purchase of Ranger’s 90% …
MOST ACTIVE ISSUES, OCTOBER 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N1443334.2331.3033.75+0.94…
INAC extends contract with diamond valuator
Indian and Northern Affairs Canada (INAC) has extended its diamond valuation contract with Diamonds International Canada (DICAN) for two more years. The original 3-year contract recently expired.DICAN…
Partners expand Legris Lake
A 1,000-metre drilling program by equal partners Avalon Ventures (AVL-V) and Starcore Resources (SOE-V) has extended the depth of platinum group element mineralization at the Legris Lake polymetallic …
Producer and Dealer Prices (October 29, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.40-8.40/lb.Copper: Comex Dec. US$0.63/lb.Indium: Indiu…
Cameco, Pioneer beget uranium explorer
Cameco (CCO-T) and Pioneer Metals (PSM-T) plan to create a public company named UEX, which will explore for uranium in the Athabasca Basin of Saskatchewan.The proposed deal calls for Pioneer sharehold…
Silver Standard boosts Bowdens resource (October 29, 2001)
Following a 2-year, 32-hole drill program at its Bowdens deposit in New South Wales, Silver Standard Resources (SSO-V) has increased measured and indicated resources by 25%.The measured and indicated …
METAL PRICES (October 29, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17Aluminium…
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…