PEOPLE (August 02, 2010)
Sinchao Metals — Bruce Ramsden appointed VP of finance and CFO.
News
Sage Gold explores Nevada, Timmins
Three years ago Sage Gold (SGX-V) had a market capitalization of about $40 million. Today the figure stands at about $6 million but the junior’s president and chief executive Nigel Lees believes that’…
Kinross Gold sells Diavik stake
Diamonds have been kind to Kinross Gold (K-T, KGC-N).
Aurizon Mines gets busy in July
July has been a busy month at Aurizon Mines (ARZ-T, AZK-N). On July 5, the Vancouver-based gold producer unveiled that it had significantly updated its resource for the Hosco gold deposit on its Joann…
SPOT PRICES (August 02, 2010)
COURTE SY OF SCOTIABANK
Molycorp to raise $240M in IPO for REE mine
Molycorp, owner of the Mountain Pass rare earth element (REE) mine in California, is going ahead with an initial public offering (IPO) topping US$420 million so it can ramp up North America’s only cur…
LME WAREHOUSE LEVELS (August 02, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 27, 2010 (change from July 20 in brackets):
PRODUCER AND DEALER PRICES (August 02, 2010)
Antimony: Mid-mkt US$9,233.33 /t.
New Gold produces 90,000 oz. in Q2 (August 02, 2010)
New Gold (NGD-T, NGD-X) shares were up nearly 5% to $5.25 apiece on July 20 on news the company was able to increase gold production by 62% in the second quarter, due mostly to its Mesquite gold mine …
DAILY METAL PRICES (August 02, 2010)
Date July 26 July 23 July 22 July 21 July 20 BASE METALS (London Metal Exchange –Midday official cash/3-month prices, US$ per tonne) Al Alloy 2035/2035 2070/2020 2110/2040 2020/1985 1995/19…
Goldcorp invests $15.6M in Evolving Gold
Although the Evolving Gold (EVG-V) team consists of several former Newmont Mining (NMC-T, NEM-N) people, it’s Goldcorp (G-T, GG-N) that has decided to invest $15.6 million in the junior gold explorer.
NORTH AMERICAN STOCK EXCHANGE INDICES (August 02, 2010)
52-week Date July 26 July 23 July 22 July 21 July 20 High Low S&P/TSX-Ven Comp 1403.46 1394.98 1388.42 1365.56 1363.20 1691.10 1123.64 TSX Composite 11746.67 11714.21 11667.76 …