Teck Resources Limited

PacMin posts profit (September 17, 2001)

Vancouver — The subject of a $170-million take over target, Teck’s (TEK-T) Australian gold mining arm, PacMin Mining, tabled a net profit of A$7.2 million for the fiscal year ended June 30.The compan…


TSE down 5.5% in post-terror panic

The Toronto Stock Exchange, closing early Sept. 11 in the wake of the terrorist attacks in the United States, slumped drastically in the day’s financial panic to cap a week of losses in which the TSE …


Currency hedges hit earnings in Australia

A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…


Mining index fails to jump-start CDNX

Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…


Expatriate drops Kudz Ze Kayah

Vancouver — A 2-year effort to advance the Finlayson base metal project in the Yukon has come to a halt, with operator Expatriate Resources (EXR-V) failing to make the $1-million payment needed to se…


Broad market stumbles through holiday

Causing more sighs than cheers, the Toronto Stock Exchange 300 index sank 116.32 points over the holiday-shortened period Aug. 29-Sept. 4. The broad market ended the period at 7,462.03, for a loss of …


Sons of Gwalia bids for Teck’s PacMin

Sons of Gwalia (SGW) has tabled a takeover bid for fellow Aussie gold miner PacMin Mining, an 80% controlled subsidiary of Teck (TEK-T).Gwalia is offering five of its own shares for every 28 PacMin sh…


Decline in oil and gas pulls down CDNX

Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…


Rate cuts power Toronto rise

Strong gains among the interest-sensitive sectors helped move the Toronto Stock Exchange up over the period Aug. 22-28. The Bank of Canada took advantage of recent easing by the Federal Reserve Bank t…


Placer’s Cristinas deal stirs up controversy

Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…


Hedging lifts Aur’s bottom line

Steady production and beneficial hedging allowed Aur Resouces (AUR-T) to pocket a tidy US$8-million profit during the second quarter.Aur’s share of combined second-quarter production from the Quebrada…


Teck’s profit hit by lower prices

A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…


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