Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
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CDNX starts summer selloff
Vancouver — Canada’s junior exchange lost ground on all fronts over the report period ended June 19. The Canadian Venture Exchange composite index slumped 68.49 points, or 2%, to close at 3,275.90. T…
GREATEST VALUE TRADED, JUNE 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 686587 41.38 37.20 37.60 – 2.90…
Exchange Rates (June 25, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 19June 18June 15June 14June 13US$ in C$1.53291.53351.52191.5…
LME Warehouse Levels (June 25, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 19/01 (change from June 12 in brackets):MetalStock (tonnes)ChangeAluminium615725…
Another bummer for nickel, copper
Base metals suffered their third consecutive week of across-the-board declines during the report period June 11-15 as recent price support came under renewed attack. Nickel and copper were the hardest…
Crew aids Asia Pacific
Potash explorer Asia Pacific Resources (APQ-T) has raised $3.1 million by privately placing 5.6 million units. Crew Development (CRU-T) subscribed to 4 million of the units to increase its interest in…
Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
Tri Origin explores Kazan
Junior Tri Origin (TOE-V) has completed a private placement with Britain’s Billiton.The major bought 800,000 units at 25 apiece and exercised 274,511 Series G warrants it acquired through its takeove…
Partners hit sulphides at Boyongan
Drilling at the Boyongan copper-gold prospect in the Philippines continues to yield impressive results for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Boyongan is part of the North projec…
Starfield ramps up drilling
Vancouver — With two rigs turning and a third slated to be added next month, the latest results tabled by Starfiel…
Algoma protection extended
Algoma Steel (ALG-T), Canada’s third-largest integrated steel producer, has been granted a two-month extension of i…