A 50% increase in indicated resources at the Bakyrchik deposit “bodes well” for the definitive feasibility study that is due out in the second quarter of 2011, Altynalmas Gold and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) say.
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million ounces of gold from its operations in Quebec, Ontario and Newfoundland and by the middle of this year expects to add production…
TSX Short Positions Short positions outstanding at Feb. 15/11 (with changes from Jan….
By looking only at the TSX Composite Index, the recession would appear to be miles away. The Index was up 2% or 288 points for the Feb. 14-18 and actually got within 6% shy of the 15,000 level that it peaked at before the recession hit.
While unrest in several countries in the Middle East and in Libya in particular put pressure on global markets and drove some investors out of riskier assets like equities in search of safer havens, U.S. stock markets overall proved remarkably…
Cape Town, South Africa – The mood at the 2011 Mining Indaba conference in South Africa was markedly upbeat as the industry experiences booming growth, but the host nation was left wondering how it had missed out.
Vancouver – The S&P TSX Venture Exchange made respectable gains in the Feb. 14-18 week, up 66.12 points after climbing all five days to close at 2423.68 points. Volume averaged 202 million shares traded daily, while 143 companies hit…
Tuesday, Feb. 8, 2011 Precious MetalsPrice (US$/oz.)Change Gold $1372.25+18.25 Silver $30.72+1.30 Platinum $1840.00-13.00 Palladium $837.00+9.00 Base MetalsPrice (US$/tonne)Change Nickel $28827.00-45.00 Lead $2640.50+1.00 Copper $10066.25-93.75 Zinc $2517.00-4.00
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 14, 2011 (change from Feb. 7 in brackets):
DateFeb. 14Feb. 11Feb. 10Feb. 9Feb. 8HighLow
Short positions outstanding at Jan. 31/11 (with changes from Jan. 15/10).
Short positions outstanding at Jan. 31/11 (with changes from Jan. 15/10).
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