Producer and Dealer Prices (March 13, 2000)
Antimony: Mid-mkt US$1,160/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
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EXCHANGE RATES (March 13, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 7Mar.
MOST ACTIVE ISSUES, March 1-7
ExchgVol(000s)HighLowCloseChangeCasmyn Corp *Q 43729 0.53 0.01 0.02 – 0.02…
GREATEST VALUE TRADED, March 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N 685915 70.81 64.62 64.94 – 3.56…
Yanacocha boosts earnings
In 1999, Compania de Minas Buenaventura (BVN-N) earned US$45 million (or 72 per American Depository Receipt), compared with US$30 million (48 per ADR) in the previous year.The profit was largely a r…
NAP eases labour tension at Lac des les
North American Palladium (PDL-T) has reached an agreement with unionized workers at the Lac Des les palladium-platinum open-pit mine, north of Thunder Bay, Ont.Members of the United Steelworkers of A…
TVX takes writedown
Toronto-based TVX Gold (TVX-T) will take a $64-million, one-time, non-cash charge against its 1999 earnings, reflecting the original purchase price of the Stratoni lead-zinc operation in Greece.The wr…
EVENTS (March 13, 2000)
March 16-17 American Association of Professional Landmen — “16th Annual Meeting.” Peppermill Hotel & Casino, Reno, Nev. Tel: (817) 847-7700. Web site: http://www.nvlandman.org/malri.ht…
Improved price buoys SPC
Higher copper prices lifted fourth-quarter earnings for Southern Peru Copper (PCU-N) in 1999.The company posted net earnings of US$9.7 million (or 12 per share), compared with earnings of US$3.4 mill…
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…
Cominco, Aur, Teck drop on deal
The Toronto Stock Exchange 300 index rose 296.49 points during he report period March 1-7 to end the week at 9,425.48. Metal producers were mixed, with the TSE gold and precious minerals sub-group ris…