Trading Summary (August 06, 2001)

Markets were closed in Canada for the Civic Holiday, but the international metal markets were open. London gold closed US65 lower at US$267.20 per oz. in the afternoon fixing session. Precious metals were generally lower, with palladium falling US$9 to US$473 per oz. and platinum off US$12 at US$470. New York Commodity Exchange trading in gold left the yellow metal at US$267.75.

Base metals had a bad day on the London Metal Exchange, with only aluminum holding on at US$1,373 per tonne. Normally quiet tin was the big loser on the day, sliding US$105 to US$3,935 per tonne. Bellwether copper was down US$9.50 at US$1,450 and nickel dipped US$85 to US$5,530 per tonne.

On the U.S. markets, Newmont Mining was US14 higher at US$18.91 and Homestake Mining was up by the same amount at US$7.71. Phelps Dodge was off US33 at US$39.25. Heaviest trader among the U.S. miners was Freeport McMoRan Copper and Gold, with 1.6 million shares moving. Freeport rose US5 to US$10.97.

In Mexico City, Grupo Mexico was down MP1.18 at MP17.50.