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, …
Sherritt International Corporation
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 …
Gold stocks shine as yellow metal rallies
The holiday-shortened report period of May 15-21 clipped 28.6 points off the S&P/TSX composite index, leaving it with a finish of 7,688.31.Gold led the precious metals in a rally not seen in some time…
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Hedge trimmers lead the way
In the first five days of trading under its new moniker, the S&P/TSX composite index shed 85.93 points, or more than 1%, coming to rest at 7,561.37 on May 7.Inspired by a run up to US$312 per oz. on t…
Anaconda gets serious
Anaconda Nickel, which mines laterite nickel Down Under, has agreed to sell Anaconda Industries to fellow Aussie Lynas Corp for A$5 million. (Anaconda Industries is the holding company for Anaconda’s …
Precious metals rise in tandem on eastern markets
Precious metals took the spotlight during the March 20-26 report period, with gold, silver, platinum and palladium all rising in London bullion markets.Gold appreciated an impressive $4.80 over the fi…
TSE rises again, but producers end mixed
TORONTO STOCK EXCHANGERiding the wave of positive economic news, the Toronto Stock Exchange 300 index climbed 70.74 points over the March 13-19 report period to finish the week at 7,936.88.Not so for …
Anaconda squeezes Sherritt’s earnings (March 18, 2002)
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Blow to TVX in Greece casts pall over market
The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….
TSE enters new year with a bang
Having lost 14% of its value last year, the Toronto Stock Exchange 300 index began the slow road to recovery with a gain of 163.11 points, or 2.2%, over the Dec. 21-Jan. 1 report period. The benchmark…
2001 deals out the pain
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…