Golds enjoy relief from usual slump
The plunging technology stocks led the Toronto Stock Exchange downward over the report period Feb. 21-27, even as most other sectors moved higher. The TSE 300 composite index lost 170.99 points, or 2….
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GREATEST VALUE TRADED, FEB. 21-27
ExchgVal($000s)HighLowCloseChangeAlcoa*N 598353 36.48 34.07 36.25 +1.05…
Agnico-Eagle further expands LaRonde
Continued exploration success by Agnico-Eagle Mines (AGE-T) at its LaRonde mine in Quebec has pushed up the global resource by 28% to a record 7.8 million oz. gold plus byproduct silver, copper and zi…
BHP’s copper strategy aimed at low-cost assets
A US$138-million expansion of the Tintaya copper operations in southern Peru will take production beyond the current 90,000 tonnes per year, rising to 124,000 tonnes in 2002 and 130,000 tonnes in 2004…
Semafo finds new zone
Junior Semafo (SMF-T) has outlined a new zone of mineralization at the Mana gold property in Burkina Faso, West Africa.In December 2000, Semafo sank 18 holes to follow up trenching completed last summ…
Sherritt makes bid for Luscar coal fund
In partnership with the Ontario Teachers’ Pension Plan, a unit of Sherritt International (S-T) has made an offer to acquire all of the outstanding shares of the Luscar Coal Income Fund (LUS-T).The tot…
UWO raising funds for Fyfe chair
The scientific career of one of the country’s greatest living geologists is to be commemorated by an endowed research and teaching chair in the Department of Earth Sciences at the University of Wester…
Resource up, Rio out of project
A new resource estimate has increased the tonnage at the Sobre Saliente prospect in northern Uruguay, but Rio Tinto (RTP-N) has informed its joint-venture partner, Uruguay Goldfields (UGI-V), that it …
Sadiola Hill gold mine has record year
Western Mali’s Sadiola Hill gold mine, owned by AngloGold (AU-N), Iamgold (IMG-T), and the Malian government, has finished a record year of production.Sadiola poured 611,442 oz. gold in 2000, a record…
LME Warehouse Levels (March 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 27/01 (change from Feb. 20 in brackets):MetalStock(tonnes)ChangeAluminium477075(…
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
South African output slides
Vancouver — Last year was not a memorable one for the world’s No. 1 gold-producing country. Low gold prices saw South Africa post its lowest annual output in almost 50 years.The country’s Chamber of …