Spot Prices Wed. February 21, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$257.30-$3.60Silver$ 4.42-$0.13Platinum$607.00+$…
2001
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 …
Slumping mining index burdens CDNX
Vancouver — Canada’s junior exchange continued to drift lower as all indices except oil-and-gas ended the Feb. 14-20 report period in the red. The Canadian Venture Exchange slumped 94.78 points, or 2…
More high grades at Tulawaka
Drilling on the Tulawaka property in northern Tanzania has revealed more high-grade results for partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T).The companies are focusing on the East zone, …
Gold weighs on miners
Denver — The Dow Jones industrial average slumped 54.1 points, or 0.5%, to close at 10,903.32 for the report period ended Feb. 13, as Comex gold, on the New York Mercantile Exchange, slid to US$260.3…