GLR funds Goldfields
A final feasibility study on the Goldfields gold project near Uranium City, Sask., indicates an open-pit mine and mill would be economic.
News
Sumitomo taking bulk of $37.5M Augusta financing
Vancouver — Augusta Resource (AZC-T, AZC-X) has lined up a $37.5-million financing, with Japanese multinational Sumitomo (SSUMY-O) subscribing to 71% of the non- brokered private placement.
Daily Metal Prices (June 25, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, June 18, 2007
Precious Metals Price (US$/oz.) Change Gold $655.10 +2.30 Silver $13.19 +0.04 Platinum $1289.00 -3.00 Palladium $368.50 +2.50 Base Metals Price (US$/lb.) Change Nickel $19.00 -3.38 Lead $1.09 +0.04 Copper $3.47…
North American Stock Exchange Indices (June 25, 2007)
Date June 18 June 15 June 14 June 13 June 12P> High Low S&P/TSX-Ven Comp 3226.18 3202.87 3162.95 3126.89 3129.92 3372.00 2291.43 TSX Composite 14176.42 14137.41 14001.99 13859.52 13724.33 14216.21…
Producer and Dealer Prices (June 25, 2007)
Antimony : Mid-mkt US$5,310/t.
Eurasian digging up gold in Haiti (June 25, 2007)
Vancouver — Known for venturing into politically unstable territory, Eurasian Minerals (EMX-V, ESMNF-O) is setting up in Haiti, and trench results from the company’s La Miel gold project show strong …
Odds ‘n’ sods: Mills’ date with serendipity
ODDS ‘N’ SODS
TSX Preferred and Exchangeable (June 25, 2007)
Falconbridge S2 Pr (FAL.PR.A-T) — Convertible at shldr’s optn and 14 days notice to one Series 3 preferred (FAL.PR.B-T) on five-year anniversaries from March 1/09.
TSX Debentures (June 25, 2007)
Alamos Gold (AGI.DB-T) — 5.5% convertible at holder’s option to common shares (AGI-T) at $5.30 before maturity or redemption.
Exchange Rates (June 25, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Areva looking ahead with UraMin deal
In its uranium report from earlier this year, Sprott Securities estimated that annual demand for U3O8 would nearly double to 350 million lbs. within the next 20 years.