CDNX loses ground on new S&P index
Vancouver — The Canadian Venture Exchange launched a new composite index during the week ended Dec. 11. Based on market capitalization, the Standard & Poor’s-CDNX Composite Index is meant to provide …
2001
Codelco plans copper cuts (December 17, 2001)
Vancouver — The world’s largest copper producer has finally entered the fold of the other majors by announcing it will cut output by at least 100,000 tonnes in 2002.The move by Chile’s state-owned Co…
Algoma Steel wins more time
Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the charm for its debt restructuring.The company announced it has filed a third amended …
Daily Metal Prices (December 17, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5Aluminium1335/1351.
Producer and Dealer Prices (December 17, 2001)
Antimony: Mid-mkt US$1,230/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.00/lb.Copper: Comex Mar. US$0.689/lb.Indium: Indi…
Freewest finds gold zone in NB
Vancouver — Backhoe trenching has uncovered a new gold zone at Freewest Resources Canada’s (FWR-V) Clarence Stream property in New Brunswick.Dubbed “Murphy,” the new zone was intermittently exposed b…
GREATEST VALUE TRADED, DEC. 5-11
ExchgVal($000s)HighLowCloseChangeAlcoa*N55589940.4537.9038.53+0.43…
The Northern Miner — North American Mining Index (December 17, 2001)
66.19 (-0.69)(Sept. 30/98 = 100)…
Silver Standard hits bonanza grades
Vancouver — Silver Standard Resources (SSO-V) has tabled more high-grade results from infill and exploration drilling at the Manantial Espejo silver-gold project in Argentina’s Santa Cruz province.So…
Spot Prices Wed. December 12, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$273.25-$2.50Silver$ 4.29+$0.14Platinum$466.00+$…
TSE Short Positions (December 17, 2001)
Short positions outstanding at November 30, 2001Larger individual positions include:Agnico-Eagle 1,905,785 up 949,900; Alcan Inc; P> 1,460,722 up 371,386; Barrick Gold 10,815,328 up 155,839; Bolide…
Gold Funds (December 17, 2001)
Gold Funds as of December 6, 2001Dundee Precious MetalsCentral FundNet Value$12.93$5.31Price$9.15$5.25…