Zinc, nickel winners during rocky week
The report period Aug. 7-11 was one of contrasting fortunes for the base metals complex. Tighter nearby spreads and worryingly low stock levels contributed to stronger prices in the second half of the…
News
GREATEST VALUE TRADED, August 9-15
Value($000s)HighLowCloseChangeAlcoa*N…
Exchange Rates (August 21, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 15Aug. 14Aug. 11Aug. 10Aug. 9…
Nevada leads gold production
Nineteen ninety-nine marked the second consecutive year that Nevada led the U.S. in gold production.The 8.3 million oz. produced last year did not exceed the record-breaking 8.9 million oz. of 1998, b…
Macraes profits up, costs down
Gold Resources & Development, based in Perth, Australia, says results from the quarter ended March 31 indicate record-low mine costs and increased output at its Macraes gold operation, near Palmerston…
De Beers’ Winspear takeover ignites diamond sector
Activity in Canada’s junior diamond scene heated up during the Aug. 9-15 report period, with the sector helping to drive up the Toronto Stock Exchange’s gold and precious minerals sub-index by 4.6% to…
Gold Funds (August 21, 2000)
Gold Funds as of August 10, 2000Dynamic MutualCentral FundNet Value$12.71$5.40Price$7…
Producer and Dealer Prices (August 21, 2000)
Antimony: Mid-mkt US$1,650/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.60/lb.Copper: Comex Sept. US$0.8705/lb.Indium: …
De Beers’ ticket
De Beers Consolidated Mines seems to have succeeded in its bid for Winspear Resources, having jumped its own offer for the company and secured the approval of Winspear’s board of directors. So the Nor…
Development begins at Earnscleugh
L&M Mining of Aukland, New Zealand, has accelerated development of its Earnscleugh gold project, on the west bank of the Clutha River, between Clyde and Alexandra.Perilya Mines of Western Australia ha…
TSE Shorts (August 14, 2000)
Short positions outstanding at July 31, 2000Larger individual positions include: Abitibi-Consolidated 934,994 down 209,467; Alcan Aluminium Ltd. 635,395 down 106,962; Barrick Gold Corp. 6,51…
Expansion brightens outlook for Tarkwa
The Tarkwa mine in southwestern Ghana, operated by Gold Fields (GOLD-Q), saw its production increase and its costs go down in the three months ended June 30, reaping the benefits of an earlier expansi…