Official World Gold Holdings: August 2000
1. United States813855.82. Germany3469343. IMF3217n/a4. France302539.55. Switzerland253842.66. Italy245246.97. Netherlands91247.48. Japan7541.99. ECB74714.210. Portugal60739.311…
News
LionOre posts higher profits
Like its larger competitors, junior producer LionOre Mining International (LIM-T) has benefitted from this year’s stronger nickel prices.For the second quarter ended June 30, LionOre posted net earnin…
Harry Oppenheimer
Harry Oppenheimer, the South African billionaire who controlled the world’s diamond trade for more than a quarter-century, has died. He was 91.Oppenheimer was admitted to a Johannesburg hospital in mi…
GREATEST VALUE TRADED, August 16-22
Value($000s)HighLowCloseChangeRio Algom…
Exchange Rates (August 28, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16…
LME Warehouse Levels (August 28, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 22/00 (change from Aug. 15 in brackets):Aluminium417775(-9025)…
Canadian Stock Exchange Indices (August 28, 2000)
— 52-week –DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16High…
Nickel’s climb continues
Another quiet week for base metals saw zinc and nickel move to centre stage as aluminum and copper prices continued to trade within their recent ranges.During the report period Aug. 14-18, zinc gained…
Weak silver pulls down Hecla
Lacklustre silver prices forced Hecla Mining (HL-N) to post a loss for the second quarter — a situation made worse by asset writedowns and a quarterly dividend.The total loss amounted to US$18.7 mill…
Semafo extends mineralization at Nyafe (August 28, 2000)
Results from reverse-circulation drilling by Montreal-based Semafo (SMF-T) at the Mana and Fobiri concessions in Burkina Faso show that a vein system previously defined on surface continues to depth.T…
MOST ACTIVE ISSUES, August 16-22
Volume(000s)HighLowCloseChangeWilliam Res…
Noranda, Codelco launch Rio Algom takeover
The copper wars that shook up the U.S. and Mexican mining scene earlier this year moved north during the Aug. 16-22 report period, as heavyweights Noranda and Codelco (Corporacion National Del Cobre d…