TSE finds footing before closing bell
Despite some teeter-tottering, and no thanks to the golds, the Toronto Stock Exchange composite index ended the Sept. 10-16 period 28.98 points ahead at 7,625.37.Precious metal prices were down across…
Sherritt International Corporation
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Dynatec, Phelps Dodge to try Madagascar laterite bet (August 18, 2003)
Mining-contractor-turned-miner Dynatec (DY-T) has taken an option to earn a 53% interest in the Ambatovy nickel laterite project in Madagascar from Phelps Dodge (PD-N).Dynatec, which absorbed the tech…
Tax gain boosts Teck Cominco in Q2
Vancouver — Despite the negative effect of the rising Canadian dollar, the world’s largest zinc producer saw its second-quarter profits rise as a result of a tax gain.Teck Cominco (TEK-T) earned $12 …
Broad market crawls ahead, gold rallies
The Toronto Stock Exchange composite index began the holiday-shortened May 26-June 1 report period on an uptick, then moved sideways. By the period’s end, it had risen 29.2 points to settle at 6,732.1…
Shareholders may not want to be subordinate Control freaks
Annual meeting season has seen some of its usual theatrics and high jinks this year, but one theme has popped up in several places: shareholders, especially large ones, are tired of capital structures…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
Broad market stages rally
Fueled in part by gains in the gold and base metal sectors, the Toronto Stock Exchange rocketed 148.32 points over the April 30-May 6 report to land at 6,693.71.By the period’s end, the gold group had…
Diversification boosts Teck Cominco (April 28, 2003)
Vancouver — An improved operating performance at the Trail smelter in British Columbia, combined with an 18% jump in the price of bullion, propelled the world’s largest zinc producer to a profit in t…
Two upstarts challenge the coal giants
Last year’s deals between Fording Coal, Sherritt International (s-t), the Ontario Teachers’ Pension Plan, and Teck Cominco (tek-t) neatly divided the world of Canadian coal production; thermal coal as…
Broad market surrenders to war as golds rebound
Shell-shocked investors stripped another 49.49 points off the S&P/TSX composite index over the March 26-April 1 report period as the war in Iraq dragged on. The benchmark finished the period at 6,335….
Luscar pulls plug at Obed
A flood of thermal coal on international markets has squeezed prices and forced Luscar to suspend production at its Obed Mountain mine, 30 km west of Hinton, Alta.The operation’s 110 employees will be…