Exchange Rates (October 08, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26US$ in C$1.56881.57891.5…
2001
GREATEST VALUE TRADED, SEPT 26-OCT 2
ExchgVal($000s)HighLowCloseChangeAlcoa*N57963431.9528.3031.95+1.91…
Northern Miner Indices (October 08, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Fording, workers settle strike
Members of the United Steelworkers of America Local 7884 have ratified an agreement with Fording Coal that will see increased wages for workers at the mine in Elkford, B.C.Mine workers had been withou…
New reserves found at Sleeping Giant
Underground drilling at the Sleeping Giant mine in northwestern Quebec has led to the discovery of three gold-rich lenses that could extend the mine life by at least two years.Equal owners Cambior (CB…
Tagish Lake drills Skukum Creek (October 08, 2001)
Whitehorse, Y.T. — Having restructured and consolidated ownership of the Skukum mineral property, 80 km south of here, Tagish Lake Gold (TLG-V) is determined to bring the Skukum Creek deposit into pr…
Too much money can be a bad thing
For some companies, the world ends with a bang and a whimper. A long, protracted whimper.Thus it was for the giant British conglomerate Marconi, which has fallen from 8 to a low of 0.12 over the pas…
Major Drilling gains assets Down Under
Moncton, N.B.-based Major Drilling is acquiring Ausdrill’s exploration drilling operations in Queensland, Australia, and New Zealand.The purchase includes drilling equipment, as well as contracts wort…
IMF forecasts spur optimism
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
MOST ACTIVE ISSUES, SEPT. 26-OCT.2
ExchgVol(000s)HighLowCloseChangeAlcoa*N1814131.9528.3031.95+1.91…
Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
Trading Summary (October 05, 2001)
The golds enjoyed a strong finish to the day as traders loaded up on “safe-haven” equity just in case a shooting wa…