NAME CHANGES (February 26, 2001)
Econ Ventures Ltd. (EOV-V) has changed its name to Richcor Res. Ltd. (RRS-V) on a 1-new-for-10-old-share basis.Augusta Metals Inc. (AUU-V) has changed its name to Cybercom Systems I…
2001
Drills turn at Duck Pond (February 26, 2001)
Partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have started a 2,200-metre drilling program, budgeted at $200,000, to investigate new massive-sulphide targets at the Duck Pond prope…
Maude Lake finds more gold at Comtois
Exploration drilling by Montreal-based Maude Lake Exploration (MAU-M) has extended gold mineralization westward at the Comtois property, near Lebel-sur-Quvillon, Que.The highlight from the first 10 h…
Spot Prices Wed. February 21, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$257.30-$3.60Silver$ 4.42-$0.13Platinum$607.00+$…
Miners insulated from falling gold
Denver — The Dow Jones industrial average lost 172.44 points, or 1.6%, to finish the Feb. 14-20 report period at 10,730.88, as gold slid to its lowest level in 16 months, reaching US$256.10 per oz. o…
Broad market hammered by Nortel forecasts
The Toronto Stock Exchange 300 index nosedived 674.8 points during the Feb. 14-20 report period to finish the week at 8,326.68. The 7.6% loss was triggered by a massive sell-off in Nortel shares after…
TSE Short Positions (February 26, 2001)
Short positions outstanding at February 15, 2001Larger individual positions include:Abitibi-Consolidated Inc. 3,095,372 up 1,809,643; Alcan Inc. 698,147 up 298,204; Anderson Exploration Ltd.
Producer and Dealer Prices (February 26, 2001)
Antimony: Mid-mkt US$1,310/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.25-14.50/lb.Copper: Comex March US$0.8205/lb.Indium: …
Canadian Stock Exchange Indices (February 26, 2001)
Date Feb. 20 Feb. 19 Feb. 16 Feb. 15 Feb. 14HighLowTSE 300…
Northern Miner Indices (February 26, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Metal Prices (February 26, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 20Feb. 19Feb. 16Feb. 15Feb. 14Aluminium1587/15…
Writedown sinks Glamis Gold in quarter
Denver — Despite producing a record amount of the yellow metal, Glamis Gold (GLG-N) reported a fourth-quarter loss of US$37.5 million (or 54 per share) after posting a US$37.5-million writedown.For …