Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
Echo Bay Mines Ltd
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Minefinders cuts high grades at Dolores
Vancouver — Minefinders (MFL-T) has cut high-grade gold and silver at its wholly owned Dolores property in northern Chihuahua state, Mexico.A 30,000-metre drilling program is enabling the company to …
Broad market climbs as golds tumble
Regaining ground lost in the previous period, the Toronto Stock Exchange Composite Index closed up 94.38 points higher in the Nov. 13-19 report period. The benchmark was set at 6,423.65 points.London …
MOST ACTIVE ISSUES, NOV. 13-19
ExchgVol (000s)HighLowCloseChangeKinross GoldT273813.082.722.73-0.35…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Newmont still firmly in the black
Higher sales volumes and metal prices enabled Newmont Mining (NEM-N) to post its second profitable quarter as the world’s largest gold producer.Newmont earned US$24 million, or US6 per share, in the …
Minefinders puts Dolores project on fast track
Considered a potential takeover candidate, Minefinders (MFL-T) raised $10 million earlier this year with the objective of advancing its wholly owned Dolores gold-silver project in Mexico’s Chihuahua s…
MOST ACTIVE ISSUES, OCTOBER 2-8
ExchgVol(000s)HighLowCloseChangeKinross GoldT193443.282.682.77-0.37…
GREATEST VALUE TRADED, OCTOBER 2-8
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT56131.711.401.42-0.21…
TSE Short Positions (September 30, 2002)
Short positions outstanding at September 15, 2002Larger individual positions includeAgnico-Eagle 5,919,985 up 253,219; Alcan 1,104,556 up 277,453; Barrick 7,940,421 down 416,532;…
Echo Bay restates to a loss (September 23, 2002)
Edmonton-based gold and silver miner Echo Bay Mines (ECO-T) has restated its second-quarter, per-share results to reflect a loss related to an April share offering.Under the new accounting handling, E…