News

Cayeli, Troilus land Inmet in black (May 06, 2002)

Higher production at the Cayeli copper-zinc mine in Turkey and the Troilus gold mine in northern Quebec helped offset lower metal prices and powered Inmet Mining (IMN-T) to improved results during the…


LME Warehouse Levels (May 06, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 30 (change from April 23 in brackets):MetalStock (tonnes)ChangeAluminium1110850…


Producer and Dealer Prices (May 06, 2002)

Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.35/lb.Copper: Comex July US$0.739/lb.Indium: Indi…


TSE 300 index goes down as it goes out

The Toronto Stock Exchange 300 index went out with a fizzle rather than a bang, slipping 54.45 points over the April 24-30 report period to finish the week at 7,663.39, or 0.7% lighter.On May 1, the T…


TSE renames CDNX, revamps TSE 300 Index

It looks as if “rebranding” fever has hit the Toronto Stock Exchange hard.In a follow-up to its $50-million takeover of the Canadian Venture Exchange (CDNX) in May 2001, the TSE has renamed the junior…


Gold bars go missing

The management team of Harmony Gold Mining was more than a little puzzled after two 1-oz. gold bars went missing at a presentation of the company’s quarterly results in late April.The case of five gol…


PEOPLE (May 06, 2002)

Augusta — Christopher Jennings appointed director.Boliden — Sverker Martin-Lof appointed director.First Dynasty — Sanjay Dalmia appointed president and CEO.Fort Knox…


Recovery concerns grow

The U.S. economy is entering a critical period. Confidence in the recovery has begun to wane, economic data have failed to provide a completely comprehensive and convincing picture, and even better-th…


More water, more options for Alcan smelter

A higher-than-usual accumulation of snow at Alcan’s smelter in British Columbia has provided the aluminum giant with some interesting options.These include storing the water for future use, or selling…


US producers mixed over gold rally

Despite a rally in bullion prices, U.S. gold producers were a mixed bag during the April 24-30 report period.Newmont Mining dove US73 to US$28.51 on a volume of 19.4 million shares, whereas AngloGold…



CDNX flounders behind major bourses

Vancouver — Canada’s junior exchange failed to follow the major bourses higher over the week ended May 1, with volume remaining on the modest side. The S&P-CDNX composite index lost 5.63 points, or 0…


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