Teck falls with lower commodity prices
The global economic downturn is hitting Teck Resources (TCK.B-T, TCK-N). Canada’s biggest diversified miner is suffering from weaker coal and copper prices as the Chinese growth story loses steam.
News
Panoro’s Cotabambas project could be target
Christopher Chang of Laurentian Bank Securities believes Panoro Minerals’ (PML-V) Cotabambas project in Peru could become an acquisition target and has initiatied coverage of the junior with a buy rating and a one-year target price of…
[Update] Intrepid frustrated at Tujuh Bukit
VANCOUVER — Toronto-listed explorer Intrepid Mines (IAU-T) is the latest victim in an ongoing nationalization saga in the South Pacific. On June 28 an unknown entity seized control of its Indonesian joint-venture partner, Indo Multi Niaga…
Eldorado Gold gets go-ahead for land clearing at Skouries
VANCOUVER — Greece’s highest court has temporarily cleared the way for Eldorado Gold (ELD-T, EGO-N) to restart surface clearing at its 95%-owned Skouries gold project.
Alacer boosts production and stock rises
Alacer Gold (ASR-T) managed to wring more production out of two of its mines and in doing so made up for disappointing results from another.
Rosemont will cost more, Augusta says
Shares of Augusta Resource Corp. (AZC-T) closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.
Seabridge falls flat on Courageous Lake’s PFS
Seabridge Gold’s (SEA-T, SA-X) Courageous Lake project in Canada’s Far North is economic at current gold prices based on a prefeasibility study (PFS) released on July 24, however, the project’s prospects appear dim at the…
Goldcorp remains on target at lonore
VANCOUVER — Goldcorp’s (G-T, GG-N) new Éléonore gold mine under construction in northern Quebec’s James Bay region is a cornerstone of the company’s four-year expansion of operations worldwide.
Northair finds more to draw on from La Cigarra
International Northair Mines (INM-V) continues to pull stellar core out of its La Cigarra silver project in Mexico.
Bolivian gov’t seizing Malku Khota
The Bolivian government plans to expropriate South American Silver’s (SAC-T, SOHAF-O) wholly owned Malku Khota silver-indium-gallium project, the Vancouver-based company announced after markets closed on July 10.South American Silver…
Metals commentary: PGMs could see supply shortage this year: CPM
The following is an excerpt from a summary of the CPM Group’s Platinum Group Metals Yearbook 2012 report.The annual average prices of platinum and palladium rose to multi-year highs in 2011. Platinum prices averaged US$1,722.39 per oz….
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, July 10, 2012 Precious MetalsPrice…