High-grade copper at Moonlight
Vancouver — The first three drill holes by Sheffield Resources (SLD-V, SLDOF-O) on the Engels mine area of its Moonlight copper property, in northern California’s Plumas Cty., have cut into a zone of…
Articles by Northern Miner Staff
Spot Prices Courtesy of Scotiabank Tuesday, Aug. 20, 2007
Precious Metals Price (US$/oz.) Change Gold $655.50 -11.85 Silver $11.67 -1.09 Platinum $1243.00 -30.00 Palladium $326.00 -25.00 Base Metals Price (US$/lb.) Change Nickel $11.86 -0.74 Lead $1.33 -0.08 Copper $3.20…
IOC ramps up investment in Labrador operations
Strong market demand, addressing operating bottlenecks and improving winter performance were the key drivers behind the Iron Ore Co. of Canada’s (IOC) decision earlier this month to pump $60 million i…
LME Warehouse Levels (August 27, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20, 2007 (change from Aug. 13 in brackets):
Southern Arc takes on abandoned Indonesia (August 27, 2007)
As junior mining companies across the world gripe about lab delays and equipment shortages caused by the so-called “super-cycle,” Southern Arc Minerals (SA-V, SOACF-O) is a little more relaxed in sunn…
Disappointing Q2 for First Quantum
Record rainfall, higher costs and a fall in net sales sent First Quantum Minerals (FM-T, GQVLF-O) second-quarter profits tumbling to US$123.1 million (US$1.83 per share), down 18% from the correspondi…
Redcorp, New Gold rattled by credit market disruptions (August 27, 2007)
Vancouver — News from Redcorp Ventures (RDV-T, RDFVF-O) that a portion of its $240 million in cash investments was in trusts affected by the global credit market crunch sent the company’s stock plumm…
Golden Star backs up Bogosu power (August 27, 2007)
Golden Star Resources (GSC-T, GSS-X) has contracted for a 20-megawatt power station to be built at its Bogosu-Prestea gold mine complex in central Ghana, and will buy at least half of the plant’s capa…
TSX Rights and Warrants (August 27, 2007)
Agnico Eagle Mines (AEM.WT.U) — Wt buys sh @ US$19 to Nov 14/07.
Lending Rates (August 27, 2007)
as of 9 a.m. ET, August 14, 2007(%)
Pediment jumps on gold results from Mexico (August 27, 2007)
Vancouver — A trio of strong drill results from the San Antonio gold project, in Mexico, bumped shares of Pediment Exploration (PEZ-V, PEZFF-O) up as much as 46% last month.
Barrick buys more of Porgera
Barrick Gold (ABX-T, ABX-N) has bought Emperor Mines'(EMPMY-O, EMP-A) 20% stake in the Porgera gold mine, in Papua New Guinea, for US$250 million, bringing Barrick’s interest to 95%.