First Majestic nails down resources at Mexican projects (July 23, 2007)
First Majestic Silver (FR-V, FRMSF-O) has received resource estimates for two of its operating mines in Mexico — La Encantada in Coahuila state and La Parrilla in Durango.
News
Coeur finishes Bolnisi-Palmarejo investigation (July 23, 2007)
The merger of Coeur d’Alene Mines (CDM-T, CDE-N), Bolnisi Gold (BXLGF-O, BSG-A) and Palmarejo Silver and Gold (PJO-V, PJOFF-O) is scheduled to go ahead in the last quarter of the year now that Coeur h…
Gryphon boosts Nevada footprint
Vancouver — In a move that will position it as a major player in Nevada gold exploration, Gryphon Gold (GGN-T, GYPH-O) has inked an agreement to acquire private company Nevada Eagle Resources, which …
Mount Hope high-grade confirmed (July 23, 2007)
Five diamond-drill holes to test the continuity of the high-grade core of the Mt. Hope molybdenum deposit in Eureka Cty., Nev., have confirmed grades modelled in earlier resource estimates and feasibi…
LME Warehouse Levels (July 23, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 16, 2007 (change from July 9 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, July 17, 2007
Precious Metals Price (US$/oz.) Change Gold $663.15 +2.00 Silver $12.90 +0.14 Platinum $1306.00 +10.00 Palladium $367.00 0.00 Base Metals Price (US$/lb.) Change Nickel $14.47 -1.31 Lead $1.41 +0.07 Copper $3.61…
The end for Eurasia
Kazakhmys (KZMYF-O, KAZ-L) has taken up 96% of the outstanding shares of Eurasia Gold (EGX-T, EGXDF-O) and will move to a compulsory acquisition of the company.
Alcan introduces white knight (July 23, 2007)
Rio Tinto (RTP-N, RIO-L, RIO-A) has entered the lists as a friendly bidder for Alcan (AL-T, AL-N), in a deal that values the Montreal-based aluminum producer at $40 billion and knocks Alcoa (AA-N) out…
Livin’ the Mexican dream
SITE VISIT La Luz, Mexico — It was another gruelling day as a geologist for Pierre O’Dowd, vice-president exploration for Normabec Mining Resources, (NMB-T, NBEMF-O) and he was seriously considering…
No big lift for Atna (July 23, 2007)
Not even a 50% increase in resources at its Pinson gold property, in Nevada, could give Atna Resources (ATN-T, ATNAF-O) a substantial lift on the market.
New Gold raises $375M
Vancouver — New Gold (NGD-T, NGD-X) has closed a $375.3-million financing, leaving the company with some $400 million in the bank to fund mine development at its New Afton copper-gold project in sout…
Daily Metal Prices (July 23, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)