CDNX posts modest gains
Canada’s junior exchange posted a modest gain as the technology and oil-and-gas sectors helped offset losses in mining. The Canadian Venture Exchange composite index tacked on 40.92 points, or 1.1%, t…
2000
Exchange Rates (September 25, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 19Sept. 18Sep. 15Sept. 14Sep. 13…
TSE Shorts (September 25, 2000)
Short positions outstanding at September 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 1,215,986 down 398,854; Alcan Aluminium Ltd. 871,491 down 198,392; Anderson Expl. Ltd.
Metals markets show signs of nervousness
It is unlikely that these downward adjustments signal much more than consolidation in the current uptrend for prices. Technical indicators had suggested that almost all the major metals were heavily o…
Producer and Dealer Prices (September 25, 2000)
Antimony: Mid-mkt US$1,825/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.60-16.20/lb.Copper: Comex Dec. US$0.9305/lb.Indium: I…
LME Warehouse Levels (September 25, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 19/00 (change from Sept. 12 in brackets):MetalStock(tonnes)Change…
EVENTS (September 25, 2000)
Oct. 6-19 Mechanized Excavation: The Next Decade Organizer: World Rock Boring Association, Sudbury, Ont. Tel: (705) 673-6572. Fax: (705) 673-6508. E-mail: bevans@nickel.laurentian.ca.
Cambior sells La Granja copper project
Montreal-based Cambior (CBJ-T) is selling its La Granja copper deposit in Peru to an unnamed buyer.At the same time, Empresa Minera del Peru (Minero Peru) announced an auction to sell its 5% net smelt…
MEETINGS (September 25, 2000)
Sept. 26 New Sage Res. — annual; 10 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Redstar Res. — annual; 11 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Rift Res. -…
Teck bullish on Pogo’s potential
The Pogo project in central Alaska has a gold resource estimated at 5.6 million contained ounces, and operator Teck (TEK-T) believes there is good potential for expansion.TeckGold, a newly formed, who…
Pan American throws in towel at Dukat
The cat-and-mouse game involving the large Dukat silver deposit in Far Eastern Russia is finally over. Russian-based Polymetal will acquire an 80% interest in the project and assume operatorship, leav…
Soaring diamond sales ensure De Beers’ profitability
Fueled by strong global demand, De Beers Consolidated Mines (DBRSY-Q) tripled its earnings in the first half of 2000 on the back of US$3.52 billion in diamond sales, which were 44% higher than in the …