Daily Metal Prices (May 06, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 30April 29April 26April 25April 24Aluminium13…
2002
Kinross posts deeper loss (May 06, 2002)
Lower gold production and higher cash costs led Kinross Gold (K-T) to more than double its net loss for the first three months of 2002.The company suffered a loss of US$7.9 million (or 3 per basic an…
MOST ACTIVE ISSUES, APRIL 24-30
ExchgVol(000s)HighLowCloseChangeTVX GoldT355901.341.081.30+0.21…
TSE Short Positions (May 06, 2002)
Short positions outstanding at April 15, 2002Larger individual positions includeAgnico-Eagle 4,943,935 up 737,099; Andean American 111,000 up 107,000; Ashton 621,659 down 157,769;…
Noranda barely profitable in Q1
Higher metal production did not translate into healthy profits for Noranda (NRD-T) during the first quarter.The company posted earnings of $1 million (or a loss of 2 per common share after preferred-…
Wheaton River gains Mexican foothold
After spending the better part of a year raising cash and disposing of certain development properties, the revamped management team of Wheaton River Minerals (WRM-T) has struck a deal to buy the minin…
Falco starts year in the black
Higher production, lower costs and rebounding metal prices translated into a better-than-expected first quarter for Falconbridge (FL-T).The major earned $20.4 million (or 10 per basic and fully dilut…
Trading Summary (May 02, 2002)
The S&P/TSX Composite Index gained 23.19 points to end at 7,675.33 on Thursday. The golds remained in investors’ si…
Anglo nabs Disputada for US$1.3 billion
Vancouver – Adding some muscle to its already impressive base metal portfolio, London-based Anglo American (AAUK-Q)…
Goldcorp cruises on Red Lake (May 02, 2002)
Despite lower revenue, GoldCorp (G-T) was able to post higher first-quarter earnings thanks to the performance of i…
AngloGold lowers costs (May 02, 2002)
Vancouver – Having been knocked out of the number one spot in terms of gold ounces produced, AngloGold (AU-N) has l…
Hecla posts loss despite improved operating performance
Although gold production was up and cash costs were down at Hecla Mining (HL-N), the company still posted a loss fo…