CDNX pulls out of summer slump
Canada’s junior exchange closed the week ended Aug. 22 on an up-note as all indices posted gains. The Canadian Venture Exchange composite index tacked on 37.25 points, or 1.1%, to finish the week at 3…
2000
Geomaque shows recovery in 2000 Metals Commentary
Geomaque Explorations (GEO-T) stayed profitable in the three months ended June 30, making US$561,000 (US1 per share) on revenue of US$6.3 million. The company also saw production increase and costs d…
Gold Funds (August 28, 2000)
Gold Funds as of August 17, 2000Dynamic MutualCentral FundNet Value$12.78$5.42Price$7…
Hecla, Freeport execs jump on cheap shares
Recent insider trading transactions reported by the U.S. Securities and Exchange Commission include the following:- Hecla Mining (HL-N) — Arthur Brown, chairman, bought 25,000 shares at US94 per sha…
South-Malartic finds more gold at Croinor
Definition drilling by South-Malartic Exploration (MSU-M) continues to intersect gold at the Croinor project, 75 km east of Val-d’Or, Que.Earlier this year, the junior proved the existence of flat-lyi…
Geita fortifies Ashanti’s quarter
Contributions from the recently opened Geita mine in Tanzania helped Ashanti Goldfields (ASL-N) post a profit in the second quarter.Gold production at the 50%-owned mine began in June and amounted to …
Sherritt doubles profits, repurchases debentures
Diversified conglomerate Sherritt International (S-T) saw earnings more than double during the second quarter, thanks to a strong operating performance and higher prices for nickel and oil.Sherritt po…
Sigma performance drags down McWatters
Disappointing operating results from the Sigma-Lamaque complex in Val d’Or, Que., have pulled gold miner McWatters Mining (MCW-T) back into the red.For the second quarter ended June 30, McWatters post…
Inmet joins Celtic in Nfld.
Gold and copper miner Inmet Mining (IMN-T) will acquire interests in four properties held by Celtic Minerals (CME-V) in central Newfoundland’s Victoria River region.The joint-venture agreement affects…
Falco restarts smelter
In the midst of a strike by 1,250 workers, Falconbridge (FL-T) has restarted its nickel smelter in Sudbury, Ont., at reduced capacity.The smelter normally produces 5,400 tonnes of nickel anode per mon…
News – 21-AUG-00
LME Warehouse Levels (August 21, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 15/00 (change from Aug. 8 in brackets):Aluminium426800(-17275)…