New discovery at San Anton
Although recent drilling at San Anton Resources’ (SNN-T, SNTRF-O) first regional target on its silver-gold property in Guanajuato state, Mexico, did not reach the Carmen vein system as planned, the co…
2007
NAP outlines Shebandowan zones
An 8,400-metre drilling program at the Shebandowan mine, west of Thunder Bay, Ont., has defined three zones of mineralization west of the former nickel producer.
Lindsay to talk to Vancouver CIM (May 21, 2007)
Teck Cominco (TCK.B-T, TCK-N) president and CEO Donald Lindsay, one of the most recognizable faces in Canadian mining, will be the feature speaker at the next luncheon meeting of the Vancouver branch …
TSX Venture Exchange May 8-14
U.S. dollar gains chipped away at precious metal prices, while copper also slipped over the May 8-14 trading session. The S&P-TSX Venture Composite Index gave up 60.14 points over the period to cl…
Lundin earns US$53.7M but misses targets
Vancouver — While it admitted earnings were lower than expected, Lundin Mining (LUN-T, LMC-X) still turned in a net profit of US$53.7 million or 19 per share in this year’s first quarter — more tha…
Platinex wins in court
After a 16-month delay due to an ongoing legal dispute with a First Nations band, an Ontario Superior Court ruling will allow junior explorer Platinex (PTX-V) to resume drilling at its Big Trout Lake …
Norsemont rides into Peru
SITE VISIT Lima, Peru — When Bob Baxter left his post as executive vice-president at Char- iot Resources (CHD-T) to become president of Norsemont Mining (NOM-T), he didn’t have to…
Zaruma updates Luz del Cobre numbers (May 21, 2007)
Thanks to additional metallurgical testing and orebody modelling, Zaruma Resources (ZMR-T, ZMRAF-O) has posted a revised reserve figure for its Luz del Cobre copper project, in Sonora state, Mexico.
U.S. Markets May 8-14
In a trading period when U.S. equity markets moved generally sideways, the mining sectors headed both ways — the golds down, and the base metal and coal miners up. The Standard & Poor’s 500 Index…
LME Warehouse Levels (May 21, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14, 2007 (change from May 4 in brackets):
Daily Metal Prices (May 21, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, May 15, 2007
Precious Metals Price (US$/oz.) Change Gold $667.00 -18.90 Silver $13.02 -0.46 Platinum $1323.00 -8.00 Palladium $360.00 -15.00 Base Metals Price (US$/lb.) Change Nickel $24.13 +0.18 Lead $0.93 0.00 Copper $3.58…