Trading Summary (August 28, 2001)
A rate cut of 25 basis points, coupled with a gloomy forecast by the Bank of Canada and a sharp drop in U.S. consum…
News
Corner Bay advances Alamo Dorado
Ongoing metallurgical testing on Phase 1 pit material has shown improved recoveries of gold and silver from Corner…
Falcondo suspends operations
Falconbridge (FL-T), the world’s third-largest producer of nickel, announced on Monday that its 85%-owned nickel mi…
Aurora Gold fights Tomorrow
Vancouver — Rio Tinto’s (RTP-N) sale of a 14.9% stake in Aurora Gold has paved the way for an Australian-based ven…
Walker Lane set for September drilling
Vancouver — With an airborne geophysical survey now complete over the 165-sq.-km Crystal diamond property in Manit…
Lonmin rules out Ashanti merger
British-based platinum producer Lonmin says it has ruled out the possibility of a merger with Ashanti Goldfields (A…
Crown defaults on debentures (August 27, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not make its final US$15.4-million payment,…
Coal sales help MIM
Vancouver — Yet another miner to see the benefits of a diversified portfolio, Australian-based MIM Holdings report…
Trading Summary (August 27, 2001)
The Toronto Stock Exchange 300 composite index gained 32.24 points, closing at 7,662.2 on Monday. Leading the way w…
Snyder sale lifts Franco
The sale of its Ken Snyder mine in Nevada helped Franco Nevada Mining (FN-T) turn a $46.9-million profit in the three months ended June 30, 2001.The quarterly earnings, which translate into 30 per sh…
Hecla reaches deal for clean-up
Denver — Hecla Mining (HL-N) has reached an agreement in principle with the U.S. government and the state of Idaho concerning its share of environmental clean-up costs in northern Idaho’s Coeur d’Ale…
TSE Shorts (August 27, 2001)
Short positions outstanding at August 15, 2001Larger individual positions include:Alcan Inc. 1,285,090 up 105,173; Anderson Exploration 4,280,983 down 1,086,881; Barrick Gold 12,068,975 d…