Richmont in the red
Richmont Mines (RIC-T) felt the pinch from lower gold prices and decreased production during the first quarter of 2…
2001
Trading Summary (April 25, 2001)
The Toronto Stock Exchange gained 53.63 points to end at 7,945.3 points on Wednesday. Only three of the TSE’s 14 su…
Sherritt Coal ups offer, Luscar Fund accepts
The Sherritt Coal partnership has sweetened its bid for all of the outstanding units and debentures of the Luscar C…
Power sales drive Cominco (April 24, 2001)
Vancouver — The continuing power shortage in the United States pushed profits up for Cominco (CLT-T), the world’s…
Falconbridge strike hits Noranda’s earnings
A six-and-a-half-month strike at subsidiary Falconbridge’s (FL-T) Sudbury nickel operations, combined with lower me…
Energy costs squeeze Phelps Dodge in first quarter
Denver — Higher energy costs continue to hurt the bottom line for Phelps Dodge (PD-N), resulting in a loss of US$1…
Teck and Inco team up in Brazil
Vancouver — Diversified miners Teck (TEK-T) and Inco (N-T) have joined forces to explore Brasilca Mining’s (BSL-V)…
Agnico’s recovery stutters slightly
Agnico-Eagle Mines’ (AGE-T) financial recovery has stumbled slightly and the company has posted a loss of US$300,00…
Anglo cuts big grades at Boyongan
Vancouver — Partners Anglo-American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a very rare geolog…
Trading Summary (April 24, 2001)
Only three of the Toronto Stock Exchange’s 14 subindexes managed to finish in the black on Tuesday as the 300 compo…
LME Warehouse Levels (April 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17/01 (change from April 10 in brackets):MetalStock (tonnes)ChangeAluminium…
El Tesoro mine aims for spring startup
Beginning in May, London-listed Antofagasta expects to produce 75,000 tonnes of cathode copper per year at the newly completed El Tesoro heap-leach mine. Antofagasta holds a 61% interest in the US$296…