TSE Short Positions (August 19, 2002)
Short positions outstanding at July 31, 2002Larger individual positions includeAgnico-Eagle 5,867,009 up 808,433; Alcan Inc. 871,161 down 324,145; Aur Resources 579,245 down 56,116;…
Inco Limited
Bench mark, golds and base metals raised a notch
The Toronto Stock Exchange’s Composite Index traded in a narrow range over the Aug. 7-13 report period to finish modestly ahead, at 6,528.98 points. The benchmark is nearly 10 points higher than a wee…
Barrick doubles Alto Chicama resource estimate (July 15, 2002)
Infill drilling by Barrick Gold (ABX-T) on the Lagunas Norte deposit has more than doubled the inferred resource at the 185-sq.-km Alto Chicama property in north-central Peru.The resource now stands a…
FNX tops up treasury (July 01, 2002)
FNX Mining (FNX-T), formerly Fort Knox Gold Resource, has arranged a bought deal with Dundee Securities, BMO Nesbitt Burns and Griffiths McBurney & Partners to raise $25 million.Under the deal, FNX wi…
Inco, Newfoundland reach Voisey’s deal
Nickel producer Inco (N-T) and the government of Newfoundland and Labrador have reached an agreement under which Inco will get a mining lease for the Voisey’s Bay nickel project in Labrador.The deal, …
Voisey’s: rumor but no moves
The beginning of the summer construction season in northern Labrador is bringing speculation about a possible solution to the impasse over development of the Voisey’s Bay nickel project, southwest of …
Ivanhoe drives Mongolian exploration
Vancouver — After a decade of false starts, mineral exploration is finally gaining some traction in Mongolia.A vast highland country, Mongolia is land-locked between Russia to the north and China to …
PT Inco squeaks out quarterly profit
Higher nickel-matte output by Inco’s (N-T) 59%-owned Indonesian subsidiary PT Inco helped offset a sharp drop in realized nickel prices during the first quarter.Situated on the island of Sorowako, PT …
Inco celebrates centenary in the black (April 22, 2002)
Despite lower nickel prices and declining sales, Inco (N-T), which celebrates its 100th birthday this month, posted a profit of US$11 million for the first quarter. The figure marks a distinct improve…
TSE up on recovery news
The Toronto Stock Exchange moved higher over the report period April 10-16, on news of improving economic fundamentals. Even a quarter-point rate hike by the Bank of Canada on the final day didn’t sto…
Sudbury PGM play enters new phase
Though nowhere near last year’s record highs, palladium is still trading at three times the historical range, and that bodes well for a group of companies exploring for platinum-group-metal (PGM) depo…
New wave of explorers seeks Olympic Dam-type deposits
A quarter-century after the Olympic Dam discovery in Australia left geologists struggling to classify the giant oddity they’d found, a new and better-informed wave of exploration for Olympic Dam-style…