Trading Summary (November 12, 2001)

After dipping nearly 100 points on news of another early-morning plane crash in New York, the Toronto Stock Exchange finished up 14.21 points to at 7,223.9 points on Monday. The gold sector fell from highs early in the day to end at 5,062.95, up 42.25 points from its previous close. The base metal issues slipped 22.2 points to 3,802.9 points.

In New York, after breaching the US$280-per-oz. level on news of the plane crash, gold settled to US$277.90 per oz. Silver rose US4 to US$4.12 per oz.; platinum gained US$21 to US$443 per oz.; and palladium rose US$9 per oz. to US$331 per oz. The base metals performed similarly on the London Metal Exchange. Nickel added US$225 to hit US$4,980 per tonne and copper rose US$50 to US$1,398.50 per tonne.

Gold royalty company Franco-Nevada Mining led the mining-related issues with just less than 1.5 million shares on the move. The stock climbed 60 to $22.80. Most of the others gold miners saw similar gains. Barrick Gold and Placer Dome each added a dime to end at $25.26 and $18.03, respectively. Kinross Gold and TVX Gold both gained a penny to $1.34 and 66, respectively. Cambior dropped 4 to 72.

Falconbridge led the base metal miners with just less than 725,000 shares changing hands. The issue fell a penny to $14.89. Inco dropped 2 to $23.35; Noranda shed 12 to $13.90; and Alcan lost 56 to $52.47. On the plus side were Sherritt International, which rose 6 to $4.32; Aur Resources climbed a nickel to $2.80; and Breakwater Resources was a penny higher at 20.

Gainers in the junior ranks include: Ivanhoe Mines, which gained a nickel to $2.49; Tenke Mining, up 4 to 54; Western Copper, a penny higher at $61; and American Mineral Fields, up 5 or 7.7% to 70.