Alcan completes merger
The long-awaited merger between Montreal-based Alcan Aluminum and the Alusuisse Lonza Group (Algroup) of Switzerland has been completed, with both companies agreeing to an exchange of shares.The origi…
2000
CDNX gains momentum
Canada’s junior exchange posted gains as all indices ended up in the black at the close of the report period Oct 18-24. The Canadian Venture Exchange composite index added 45.48 points, or 1.4%, to it…
Spot Prices Wed. October 25, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$269.30-$3.70Silver$ 4.78-$0.11…
Metal Prices (October 30, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 24Oct. 23Oct.20Oct. 19Oct. 18Aluminium1496/151…
Gold-as-money
Is gold the mortal enemy of central bankers? Lawrence Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME), believes so. What’s more, he says the world’s banker…
Guyana hits high grade
A hole drilled by Guyana Goldfields (YGI-V) at the Aurora concession in Guyana, South America, has returned 63 ft. grading 1.35 oz. gold per ton.The program is testing the strike length of the Aleck H…
Falling prices hurt big gold producers
The Toronto Stock Exchange recovered strongly over the report period Oct. 18-24, but the mining stocks were largely left in the dust. The TSE 300 composite index closed at 10,352.10 points, up 219.54 …
Northern Miner Indices (October 30, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Producer and Dealer Prices (October 30, 2000)
Antimony: Mid-mkt US$1,670/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$16.10-17.00/lb.Copper: Comex Dec. US$0.8655/lb.Indium: I…
Mini-budget includes flow-through share provision
In his recent economic statement, federal Finance Minister Paul Martin announced two measures designed to encourage investment in Canada’s junior exploration companies.The minister proposed a temporar…
The benefits of steel auto parts
The results of several engineering reports demonstrate the superiority of auto suspensions, closures and doors made from steel built with advanced manufacturing techniques.Studies performed by Stuttga…
Stillwater earnings climb
Despite the temporary suspension of the semi-autogenous grinding (SAG) mill at its platinum-palladium mine in Montana, Stillwater Mining (SWC-X) recorded solid production and earnings figures for the …