TSE Shorts (June 26, 2000)
Short positions outstanding at June 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 3,063,266 up 141,947; Alcan Aluminium Ltd. 245,854 down 86,105; Anderson Expl. Ltd. 462,446 d…
News
Aluminum buoys copper, zinc
The influence of nickel prices on other base metals has been eclipsed by that of aluminum.Aluminum prices gained more than US$100 per tonne in just two trading days during the report period June 12-16…
Dow edges down on tech rally
The Dow Jones industrial average closed down 186.68 points, or 1.8%, at 10,435.16 in the report period ended June 20. The broader market was hurt by a technology rally on the Nasdaq, which again climb…
LME WHSE LEVELS (June 26, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 20/00 (change from June 13 in brackets):MetalStock(tonnes)Change…
GREATEST VALUE TRADED, June 14-20
ExchgVal($000s)HighLowCloseChangeAlcoa*N 586835 32.00 28.44…
Producer and Dealer Prices (June 26, 2000)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.55/lb.Cadmium: Mid-mkt US$0.23/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.35-16.90/lb.Copper: Comex July US$0.813/lb.Indium: In…
Cominco in talks with producer
Vancouver — Cominco (clt-t) has entered into negotiations with a private company to form a joint venture in connection with a small-scale open-pit oxide zinc mine in northwest Iran.On an annual basis…
Seabridge Resources to gain gold project from Placer Dome
Seabridge Resources (SEA-V) has signed a letter-of-intent to acquire the Kerr-Sulphside gold project, 20 km southeast of the Eskay Creek mine in British Columbia. The project consists of two deposits,…
Teck tenders offer for Cominco shares
Seeing robust growth in its 45.1% equity stake in base metal major Cominco (CLT-T), Teck (TEK-T) has tendered an offer to buy an additional 4 million shares at $25 per share.The $100-million bid repre…
Exchange Rates (June 26, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 20June 19June 16June 15June 14…
Vista aims to restart Hycroft
With a capital infusion of US$11.9 million, Vista Gold (VGZ-T) believes it can restart production at the Hycroft mine in northeastern Nevada.A run-of-mine, heap-leach operation could produce 350,000 o…
Positive feasibility for EuroZinc’s Aljustrel
Vancouver-based junior EuroZinc Mining (EZM-V) has a positive feasibility study in hand for its Aljustrel zinc-copper-lead project in southern Portugal.The study, prepared by Steffen, Robertson & Kirs…