Broad market slumps again
Although trading resumed on Sept. 13, the Toronto Stock Exchange was unable to weather the storm caused two days prior by the terrorist attacks in the eastern U.S. Consequently, the 300 index sank 204…
Teck Resources Limited
Tritton takes another blow (September 24, 2001)
Teck Cominco (TEK-T) has decided not to continue work at Nord Pacific’s (NPF-T) Tritton copper project in New South Wales, Australia.Nord Pacific and Cominco had been investigating the feasibility of …
Falco options South Voisey’s Bay
Donner Minerals (DML-V) and Falconbridge (FL-T) have struck a deal over the South Voisey’s Bay nickel project in Labrador.The nickel major can earn a half-interest in a 624.5-sq.-km package of claims …
PacMin posts profit (September 17, 2001)
Vancouver — The subject of a $170-million take over target, Teck’s (TEK-T) Australian gold mining arm, PacMin Mining, tabled a net profit of A$7.2 million for the fiscal year ended June 30.The compan…
TSE down 5.5% in post-terror panic
The Toronto Stock Exchange, closing early Sept. 11 in the wake of the terrorist attacks in the United States, slumped drastically in the day’s financial panic to cap a week of losses in which the TSE …
Currency hedges hit earnings in Australia
A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Expatriate drops Kudz Ze Kayah
Vancouver — A 2-year effort to advance the Finlayson base metal project in the Yukon has come to a halt, with operator Expatriate Resources (EXR-V) failing to make the $1-million payment needed to se…
Broad market stumbles through holiday
Causing more sighs than cheers, the Toronto Stock Exchange 300 index sank 116.32 points over the holiday-shortened period Aug. 29-Sept. 4. The broad market ended the period at 7,462.03, for a loss of …
Sons of Gwalia bids for Teck’s PacMin
Sons of Gwalia (SGW) has tabled a takeover bid for fellow Aussie gold miner PacMin Mining, an 80% controlled subsidiary of Teck (TEK-T).Gwalia is offering five of its own shares for every 28 PacMin sh…
Decline in oil and gas pulls down CDNX
Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…
Rate cuts power Toronto rise
Strong gains among the interest-sensitive sectors helped move the Toronto Stock Exchange up over the period Aug. 22-28. The Bank of Canada took advantage of recent easing by the Federal Reserve Bank t…