Equities slump drags down metals prices
July 29-Aug. 2 at a Glance- Copper prices were heavily oversold and funds were close to their limits on the short side. Consequently, support at US$1,495-1,500 per tonne should hold, though upside pot…
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Investors bail out of junior stocks
Vancouver — A lack of buyers, combined with a wave of sell orders, pushed Canada’s junior exchange to its largest weekly point decline of the year. During the report period ended July 23, the Standar…
CVRD eyes Peru
Vancouver — Brazilian-based Companhia Vale do Rio Doce (CVRD) and London-based Antofagasta Plc have agreed to team…
Trading Summary (July 18, 2002)
The golds pulled out of their recent slide gaining 4.31 points or 2.4% to 181.90. Combined with a near-2% gain by t…
Red Lake gold plays attract interest
Vancouver — Despite a strong showing in gold-related stocks, Canada’s junior exchange drifted lower over the report period ended June 25. The Canadian Venture Exchange composite index dropped 7.21 po…
Trading Summary (June 19, 2002)
Just two of the Toronto Stock Exchange’s subindices the health care and real estate sectors, managed to finish in…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Antofagasta drops Magistral
Vancouver — A wholly owned subsidiary of London-based Antofagasta Plc has decided not to move forward with Inca Pa…
Leading indicators turn north for base metals
After a wobble early on in the report period March 25-28, the base metals markets regained their poise, helped by encouraging economic data out of both the U.S. and Europe. Nonetheless, the funds rema…
Overseas Quotes (March 25, 2002)
Close: Tuesday March 19, 2002SOUTH AFRICA (SA Rand)Anglo Am. Plat.497.00Anglovaal Mg38.00Avgold6.65Cons African0.45Gencor50.70Impala Platinum664.00Iscor15.30JCI Gold9.25Metorex3.40Western Are…
Inca Pacific tables resource for Magistral
Vancouver — Inca Pacific Resources (IP-V) and partner Anaconda Peru have tabled an updated mineral resource for the Magistral copper-molybdenum-silver project.The new resource weighs in at 105 millio…
Trading Summary (March 07, 2002)
The Toronto Stock Exchange managed to tack on 13.85 points to hit 7,958.1 despite a 234.08-point or 4% drop by the…